Real Estate Underwriter - Home Equity II

Bellco Credit Union•Greenwood Village, CO

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 income, credit and employment history, debt-to-income ratios, available equity, and other relevant factors. The Underwriter II provides advanced technical expertise, mentors and assists with training team members, and strives to provide exceptional service to credit union members. The role may also participate in quality control activities. The position is responsible for managing the loan pipeline and completing work within established service-level standards, accurately underwriting home equity lines of credit, and making final decisions on applications within granted lending authority. It applies lending guidelines fairly and without bias, supports compliance with regulatory and agency requirements, helps manage workload fluctuations, and collaborates with management and colleagues to maintain the member experience. The role may identify training needs and lead on-the-job training. The work environment is an office, with a hybrid arrangement potentially available. Saturday hours are required. The position reports to the Sr. Manager – Consumer & Mortgage Underwriting and has no supervisory or managerial responsibility.

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 analyses.
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 a 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 and decision-making skills, attention to detail, time management, prioritization, and verbal and written communication skills.
Ability to mentor and guide team members in decision-making and share technical expertise.
Be available to work as scheduled, report to work on time, accept supervision, work well with others, and complete required annual training.

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 service-level agreement standards.
Accurately complete activities associated with underwriting home equity lines of credit, including calculations of 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 volumes and work with management to distribute or reallocate pipelines as needed to support the member experience.
Identify training needs for team members and potentially lead on-the-job training.
Support member satisfaction across loan channels and points of contact, including 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.
Maintain confidentiality of records and personally identifiable information, comply with organizational policies and regulatory requirements, and follow safe working practices.
Perform other related duties as assigned by management.