Real Estate Underwriter - Home Equity II

Bellco Credit Union•Greenwood Village, CO

2d•$34 - $39

About The Position

The Real Estate Underwriter - Home Equity II reviews and analyzes home equity loan applications to determine whether applicants meet financial and creditworthiness criteria. The role assesses loan risk by evaluating borrower income, credit history, employment history, debt-to-income ratio, available equity, and other relevant factors. The Underwriter II provides advanced technical expertise, mentors team members, and may assist with training and quality-control activities. As part of the Home Equity Underwriting team, the role strives to provide exceptional service to members. The position manages a pipeline and completes work within established service-level standards, making final underwriting decisions on loans within granted lending authority. It ensures accurate analysis and compliance with applicable regulatory and agency requirements, applies lending guidelines fairly and without bias, and collaborates with colleagues and management to maintain member service and resolve issues. The role reports to the Sr. Manager – Consumer & Mortgage Underwriting and has no supervisory or managerial responsibility. The work is in an office environment; a hybrid arrangement may be considered. Saturday hours are required.

Requirements

Four years of experience in residential underwriting.
Knowledge of general lending guidelines, including state, federal, and fair lending requirements.
Ability to work with a high degree of confidentiality.
Thorough understanding of credit reporting and credit analysis.
Ability to analyze income documentation, including personal and business tax returns, and complete 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 the Core system.
Working knowledge of home equity processing and state and federal lending guidelines.
Knowledge of HMDA requirements.
Proficiency with Microsoft Office, including Word, Excel, and Outlook.
Strong analytical, decision-making, and problem-solving skills; attention to detail; and time-management and prioritization skills.
Strong verbal and written communication skills.
Ability to mentor and guide team members in decision-making and share technical expertise.
Ability to accept supervision and work well with others.
Saturday hours are required.

Nice To Haves

Bachelor’s degree in a related field or equivalent experience preferred.
Experience in home equity underwriting preferred.

Responsibilities

Demonstrate Bellco’s Act Nice Behaviors and Core Values in interactions with members, prospective members, and personnel in other departments.
Manage the underwriting pipeline and complete work within established SLA standards; production may be increased based on advanced technical expertise.
Ensure accuracy and completion of activities associated with underwriting home equity lines of credit.
Accurately calculate income, debt-to-income ratios, loan-to-value ratios, and combined loan-to-value ratios.
Ensure compliance with regulatory and agency requirements, including RESPA, the Homeowner’s Protections Act of 1998, SCRA, fair credit legislation, HMDA, and CFPB requirements.
Make final underwriting decisions on loans within granted lending authority, including approving or denying applications.
Apply lending guidelines fairly and without bias.
Manage fluctuating workloads, including periods of high volume.
Work with management to distribute and reallocate pipelines as necessary to support the member experience.
Identify team members’ training needs and potentially lead on-the-job training.
Support member satisfaction across loan channels and points of contact with frontline staff, back-office staff, and members.
Report vendor performance and service standards to management as necessary.
Collaborate with team members to troubleshoot issues and resolve inquiries while meeting response-time and quality goals.
Perform other related duties as assigned by management.
Be available to work as scheduled and report to work on time.
Comply with organizational policies, the Employee Handbook, Code of Conduct, required annual training, safety procedures, and applicable regulatory requirements.
Foster an inclusive workplace, work well with others, and maintain strict confidentiality of records and personally identifiable information.