Mortgage Underwriter

First Northern Credit Union•Rockford, IL

1d•Onsite

About The Position

If you are interested in working for a leader in the Credit Union Industry then we are looking for you! We are a dynamic company with growth opportunities, and our membership base consists of ComEd, Exelon, Northwestern Memorial Hospital, and Northwestern University employees and students, as well as a 15-county community charter including Evanston Rockford, and most of Chicago. First Northern Credit Union offers a generous benefits package, including medical, dental and vision insurance; free life and disability plans; 401k with company match after one year of employment; annual performance increases, bonuses and more. Position Summary: Mortgage loan underwriters underwrite file documentation adding loan program required conditions and to ensure that the borrower meets all program requirements. Ability to make and communicate all credit decisions (approval, suspense, denial) to appropriate staff. Underwriters are responsible for keeping within fair lending practices and protecting the company by making sound lending decisions.

Requirements

A minimum of 5 years' experience directly relating to first mortgage underwriting.
Highly organized and able to prioritize
Good communication skills, both verbal and written.
Detail-oriented with strong data analysis skills
High mathematical aptitude
Good working knowledge of mortgage and relevant legal regulations, including secondary market guidelines
Proficiency in automated underwriting systems

Nice To Haves

Spanish speaking not required, but a plus
Mortgagebot is a major plus

Responsibilities

Analyze loan files based on program and product specifications
Review and analyze credit reports, income and asset documents as well as appraisal reports and other relevant information.
Maintain expert knowledge of corporate, investor and regulatory guidelines.
Ensure compliance with all federal, state and company guidelines.
Effectively communicate credit decisions and document needs to production staff