Mortgage Underwriter

TRUSTONE FINANCIAL CREDIT UNION•Burnsville, MN

2d•$29 - $36•Onsite

About The Position

The Home Mortgage division is focused on the fast-paced and highly-regulated home mortgage market. Loans originated in this division are originated and underwritten to national standards established by divisions of the federal government (e.g. USDA, VA, and FHA), government-sponsored enterprises (e.g. FNMA and FHLMC) and large institutional investors. This position is responsible for underwriting residential mortgage loans to ensure compliance with TruStone and investor standards, including Fannie Mae, Freddie Mac, FHA and VA. The underwriter focuses on the credit and collateral evaluation to insure the member’s ability to repay the loan.

Requirements

Availability to work 40 hours per week Monday through Friday between the hours of 8:00am – 4:30pm at our Burnsville or Plymouth Office locations; non-exempt.
Bachelor’s degree, preferably in Business, Finance or a related field, or equivalent work experience.
2+ years of experience in the mortgage lending field.
Familiarity with review and understanding of complex income tax documentation.
Experience in computer systems including MS Office.
High degree of attention to detail.
Knowledge of mortgage product and underwriting guidelines, regulatory requirements and market trends influencing lending at TruStone Financial.
Proficiency and ability to correctly apply underwriting standards established by GSEs and other large institutional purchasers of loans originated by TruStone Home Mortgage.
Superior internal and external customer service skills, interpersonal, communication and organizational skills.
A high level of business acumen with the ability to develop strong relationships with internal customers which includes Originators, Processors and industry partners.
Ability to identify and facilitate change in a deadline driven, highly regulated environment.
Competency in basic math skills such as calculating interest and mortgage payments.
Ability to work with and balance data in a variety of loan systems.
Compliance with the Bank Secrecy Act and all its provisions.
Ability to pass a pre-employment drug test and various background checks.
Regular and reliable attendance at the workplace.

Nice To Haves

2+ years of mortgage underwriting experience, preferred.

Responsibilities

Underwriting residential mortgage loans to ensure compliance with TruStone and investor standards, including Fannie Mae, Freddie Mac, FHA and VA.
Focusing on the credit and collateral evaluation to insure the member’s ability to repay the loan.

Benefits

Competitive pay and incentive programs for all positions.
Health insurance with the ability to choose which plan option is best for you – a Traditional Health Plan or Health Savings Plan.
Affordable dental and vision insurance coverage.
Earn 22 days of paid time off annually for full-time employees with an equivalent accrual for part-time employees – and, the longer your tenure, the more PTO you’ll have to enjoy.
10+ paid holidays each year.
Up to 16 hours of paid time annually to volunteer for organizations you are passionate about.
401(k) with 50% employer match on the first 6% you contribute – plus, after one year of service, an additional 3% safe harbor employer contribution that is immediately 100% vested regardless if you are contributing or not.
Eligibility for profit sharing opportunities in the form of a contribution to your 401(k) account.
Employer-paid Short Term and Long Term Disability benefits.
Employer-provided life insurance up to 2.5x your base salary with the option to purchase additional coverage for yourself, spouse and eligible dependents.
Reimbursement for higher education expenses of up to $5,250 per calendar year (including tuition, books and activity fees).
Career development opportunities – including our STEP job shadow program, TruStone Academy certification courses, Mentorship Program and more.
Special employee discounts when you join TruStone Financial as a credit union member.
Employee activities, events, discounts, and many other great benefits and perks!