Mortgage Underwriter
About The Position
Vermont Federal Credit Union values each individual and their unique abilities and strengths to help form the foundation of Vermont Federal’s culture. Our employees are at the core of Vermont Federal and we strive to make that a priority every day. As an organization, our stated Purpose is to help Vermonters prosper, no matter where they may be on life’s journey. Every employee at Vermont Federal Credit Union contributes in their own way to achieve this goal and is set up for success in a fun, supportive, and collaborative environment. We are looking for friendly, self-motivated individuals who enjoy helping people, have strong communication skills, are detail-oriented, and enjoy working as part of a team. If you are interested in a career in the financial service industry and want to make a difference in your community, we want you to be part of our team. Please visit our website for full details of our very competitive benefits program.
Requirements
- Three years to five years of similar or related experience
- A two year college degree or completion of a specialized course of study at a business or trade school or completion of a specialized and extensive in-house training or apprenticeship program.
- Strong written and verbal communication.
- A significant level of trust and diplomacy is required, in addition to normal courtesy and tact.
Responsibilities
- Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet Credit Union and government standards.
- Approves, denies, or requests additional information to support sound underwriting decisions.
- Establishes and communicates conditions required for loan approval prior to closing.
- Prepares denial documentation, including Statements of Denial, clearly outlining applicable guidelines and reasoning for decision.
- Assembles documents in loan file, including acceptance or denial, verifies accuracy and consistency of specification on title abstracts, insurance forms, and other required documents.
- Reviews approved mortgage loans to determine conditions that must be met prior to closing.
- Enters the numbers and calculates loan interest and principal payment and closing costs.
- Answers questions regarding closing requirements.
- Returns file to mortgage originator for closing with borrower.
- Evaluates acceptability of loan to corporation that buys real estate loans on secondary mortgage markets (where existing mortgages are bought and sold by investors).
- Delivers outstanding service that is in alignment with the Credit Union’s Core Values.
Benefits
- competitive benefits program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
