Real Estate Underwriter - Home Equity II

Bellco Credit Union•Greenwood Village, CO

1d•Hybrid

About The Position

The Home Equity Underwriter II will review and analyze home equity loan applications to determine whether applicants meet financial and creditworthiness criteria. The Underwriter II assesses the risk associated with approving a loan, evaluates the borrower’s income, credit history, employment history, debt-to-income ratio, available equity, and other important factors. The Underwriter II will act as a mentor to team members assisting in training as necessary and will provide advanced technical expertise. As part of the Home Equity Underwriting team, the Underwriter II strives to provide exceptional service to all members. The Home Equity Underwriter II may participate in QC activities.

Requirements

Minimum 4 years’ experience in residential underwriting, preferably with Home Equity experience
Knowledge of general lending guidelines including state, federal and fair lending
Bachelor’s degree in related field or equivalent experience preferred
Ability to work with a high degree of confidentiality
Thorough understanding of credit reporting and credit analysis
Proven ability to analyze income documentation including personal and business tax returns and complete a cash flow analysis.
Knowledge of appraisal and property data analysis
Ability to apply guidelines and lending matrices
Knowledge of title commitments and documents
Ability to review member data in Core system
Working knowledge of home equity processing and state and federal lending guidelines
Knowledge of HMDA requirements
Proficient with Microsoft Office (Word, Excel, Outlook).
Strong analytical and decision-making skills.
Strong attention to detail.
Time management skills with the ability to prioritize workload.
Strong communication skills both verbal and written.
Demonstrates strong analytical/problem solving and time-management skills.
Ability to mentor and guide team members in decision making sharing technical expertise.

Responsibilities

Demonstrates Bellco’s Act Nice Behaviors and Core Values in all interactions with members, prospective members, and personnel in other Bellco departments while holding staff accountable to standards.
Responsible for pipeline management and completing work within established Service Level Agreement (SLA) standards. The Real Estate Home Equity Underwriter II may be responsible for increased production due to advanced technical expertise.
Responsible for accuracy and completion of activities associated with the underwriting of home equity lines of credit.
Responsible for accurate math computations including but not limited to income, debt to income ratios, loan to value ratios and combined loan to value ratios
Ensure compliance with regulatory, and Agency requirements including but not limited to RESPA, Homeowner’s Protections Act of 1998, SCRA, Fair Credit Legislation, HMDA, and CFPB.
Responsible for final underwriting decisions on loans within granted lending authority that may involve approving or denying applications.
Responsible for applying lending guidelines fairly and without bias.
May be asked to contribute to compliance, auditing, and other organization-wide initiatives.
May be required to provide Quality Control support.
Has the ability to manage fluctuating volumes which may include times of high volume.
Works with management team to distribute and reallocate pipelines as necessary to ensure member experience.
Identifies training needs for team members and may lead on the job training.
Ensure member satisfaction within all loan channels and points of contact with frontline, back-office staff and members
Report vendor performance and service standards to the management team, as necessary.
Collaborate internally with other team members to troubleshoot questions/issues and resolve inquiries while adhering to response time and quality goals.
Regular and punctual attendance.
Management retains the discretion to add to or change the duties of the position as business need dictates.