Mortgage Underwriter ($29.07-$39.93/Hr)

TEKsystems

4d•$29 - $40•Hybrid

About The Position

To evaluate and underwrite all mortgage loan types offered by the Credit Union according to specific state and federal requirements to limit the risk exposure of company's equity portfolio. To analyze required loan documentation and information presented in the equity loan request, to condition and make appropriate loan decisions based on the acceptability of the credit risk using established guidelines of the Credit Union, secondary market investors, and applicable state and government regulations. Works on assignments requiring judgement in resolving issues or making recommendations.

Requirements

MINIMUM OF 1-3+ years of recent MORTGAGE UNDERWRITING experience is REQUIRED
Associates or Bachelors degree preferred; High School Diploma required
Proficient in Microsoft Office Suite
Proficient in computer literacy
Proficient and strong data entry skills
Strong written and verbal communication skills

Responsibilities

Underwrite VA, FHA and Conventional Loans
Analyze credit and credit reports independent of scoring systems to confirm loan eligibility
Analyze exceptions and rejections; recommend alternative mortgage products better suited to the loan applicant
Approve mortgage loans and authorize loan disbursements based on a complete analysis of submitted documentation and applicable rules and regulations
Collaborate with managers and participate in mentoring sessions for Mortgage Processors, Mortgage Closers and Mortgage Loan Officers
Collaborate with training team to maintain the on-line manual to ensure all guidelines are conveyed accurately and consistently
Determine the acceptability and marketability of the real estate property to ensure there is sufficient collateral to secure the loan
Evaluate assets needed to close the loan and determine the acceptability and adherence to investor requirements
Perform secondary review of loans that are suspended and/or declined
Basic research/review
Prepare and present counter-offers on marginal loans; prepare adverse action (loan disapproval) notifications, with awareness of the compliance provisions of the regulatory agencies
Review and evaluate documents to ensure adherence to NCUA, USPAP and all other relevant industry guidelines to ensure loan acceptance
Review/understand effects of contracts related to real estate, such as age restrictions, HOAs, etc.
Work closely and collaboratively with loan originator and processor to ensure all appropriate data is obtained
Perform other duties as assigned