Senior Mortgage Underwriter

Elements Financial•Indianapolis, IN

21h•Hybrid

About The Position

This is a hybrid role that requires some on-site work (inside our Indianapolis, Indiana office). In addition to the on-site duties, there are additional responsibilities that can be completed outside of the office, resulting in this being a hybrid role. Elements Financial is a Best Place to Work because our employees are empowered to Be the Expert, Live the Purpose, and Grow the Business. Our Purpose is to Empower Members to Achieve Financial Success. This position assists the mortgage team with providing personalized, consistent, and quality service.

Requirements

Must possess a bachelor's degree or five years of recent underwriting experience including FHA DE/CHUMS or VA SAR designations.
Seven years' experience underwriting conventional loans may be substituted for government loan experience requirement.
Must be familiar with all investor guidelines and experience with DU, LP, and GUS underwriting systems.
Must possess a thorough knowledge of products, appraisals, tax returns, disclosure and compliance rules and regulations.
NMLS Licensing as required.
Strong collaboration and communication (oral and written) skills.
Ability to leverage skills, knowledge, and experience to invest in our community.
Ability to foster an inclusive environment that promotes belonging.
A focus on respect and excellent service to both external and internal (team) members.
A proven track record of integrity with a demonstrated ability to build trust.
Flexibility to work extended hours during heavy workload periods.
Self-motivated and highly organized.
Ability to prioritize workload and multitask.
Great attention to detail.
Ability to interact with all levels of Staff and Management.

Nice To Haves

Experience in a high-volume lending environment preferred.

Responsibilities

Working knowledge of DU and LP automated underwriting systems and validation of input data to assure valid responses.
Utilize expertise and underwriting knowledge to render sound, common sense decisions based on analysis of loan parameters and documentation.
Perform detailed appraisal reviews.
Decision loans within assigned approval authority as determined by Elements Executive Management.
Meet all established turn time requirements.
Maintain in-depth knowledge of all products and services including FHA, VA, USDA, and Conforming and Portfolio loans.
Analyze credit documents, including but not limited to, mortgage applications, credit history and income documents, title documents, appraisals, and all applicable compliance documents.
Possess authority and ability to underwrite all loan types: Fannie Mae, Freddie Mac, FHA, VAH, and USDA.
Assist the Sales Team on deal structuring, guidelines, questions, and scenarios as required.
Provide mentoring/coaching to the Processing Team to ensure conditions are met prior to final approval.
Underwrite for home equity loan products, subordination, and modification requests.
Provide timely responses to all voicemail and email communications.
Other duties and responsibilities as assigned by management.
Analyze the risk of a loan transaction and provide justification and compensating factors to support loan decision.
Cross-sell additional lending products as appropriate.
Continue to develop knowledge of industry practices, products, and professional growth.
Participate in appropriate learning opportunities to maintain expertise.