Senior Mortgage Underwriter

PENAIR CREDIT UNION•Pensacola, FL

31d•$33 - $37

About The Position

The primary function is to ensure the timely and accurate underwriting of HE Loans, HELOC, Conventional, Government (FHA/VA), Construction and Unimproved/Land loans in accordance with PenAir and secondary market guidelines - according to specific state and federal requirements that properly manage risk. Verify the validity of the information provided while maintaining a working knowledge of all services and operations of the credit union.

Requirements

Five years to eight years of similar or related experience, including preparatory experience.
A high school degree or equivalent. Must have a valid driver's license and acceptable driving history.
The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust. Obtaining cooperation and agreement on important outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position.
Experience in underwriting or a related role involving the review and analysis of loans.
Strong understanding of mortgage and equity loan processing, closing, documentation requirements, and applicable regulations.
Solid understanding of the underwriting process, including relevant criteria, guidelines, and regulatory requirements.
Working familiarity with tax return and balance sheet review.
Clear and professional verbal and written communication skills.

Responsibilities

Analyze mortgage and home equity loan applications to verify that application data is complete.
Audit all loan documents required to support the application such as income, assets, and credit criteria to confirm loan eligibility.
Determine the acceptability and marketability of the real estate property to ensure there is sufficient collateral to secure the loan.
Review/understand effects of contracts related to real estate, such as age restrictions, HOAs, etc.
Adherence to investor requirement with or without an automated underwriting system.
Analyze exceptions and rejections; recommend alternative mortgage products that could bring the loan within guidelines.
Work closely and collaboratively with loan originator and processor to ensure all appropriate data and required documentation is obtained.
Analyzes all construction-to-permanent loans.
Builder approval and recertification.
Develops cost to construct.
Verifies all contracts for total cost to construct.
Reviews all increase, decrease, and modification decision approvals.
Prepare adverse action (loan disapproval) notifications, with awareness of the compliance provisions of the regulatory agencies.
As needed, submits exception requests as specified in the PenAir Credit Union Loan Policy.
Aids in quality control findings and resolutions.
Completes necessary training as required to stay current on all regulations/guidelines and policies/procedures.
Performs other job-related duties as assigned.