Senior Mortgage Underwriter

UFCU•Austin, TX

10h•Onsite

About The Position

The Mortgage Loan Underwriter performs appropriate mortgage loan risk assessments to ultimately ensure the origination of an investment quality loan product. This role conducts a thorough evaluation of loan files to ensure they meet minimum requirements of the loan program, laws, regulations, policies, and procedures. The Mortgage Underwriter reports to the Manager, Mortgage Underwriter.

Requirements

Thorough knowledge and experience in underwriting conforming loan products
Extensive knowledge of primary Automated Underwriting Systems
Strong knowledge of mortgage lending compliance and regulations
Strong analytical, documentation, organizational and time management skills with ability to multi-task in a deadline-driven environment
Excellent interpersonal, written and verbal communication skills
Ability to efficiently work both independently and in a team environment
Strong ability to effectively manage daily workload to meet or exceed service levels
Ability to exhibit adaptability to effectively adjust to frequent changes
Ability to be solution-oriented and an innovative problem solver
Seven (7) years in mortgage lending operations underwriting loans
Strong experience analyzing and evaluating documentation provided to ensure quality, completeness, qualifying eligibility, and compliance. This includes thorough analysis of: Credit history, Qualifying income, Assets, Collateral, including property-type requirements (e.g. condominium, PUD), Title and Survey, Insurance, Disclosures, Specific program requirements
Experience in reviewing complex income scenarios for self-employed borrowers
Experience in working with Encompass LOS
Must be bondable
Underwriting experience or designations for: Direct Endorsement / FHA loans, VA SAR / LAPP / Veterans Administration loans, USDA, Non-conforming products, Non-QM products, Renovation and Construction Lending, MCC, DPA, Bond programs

Responsibilities

Manages mortgage loan pipeline in accordance with departmental processes and expectations
Determines compliance with: Loan program guidelines, Federal, state, or local government guidelines, and regulations, Internal policies and procedures, Department compliance and quality control monitoring
Assists mortgage production and origination team in qualifying loans and answering questions
Maintains collaborative working relationships with all partners throughout the loan process
Determines and recommends alternative loan terms or products as appropriate
Keeps current on all internal policies and procedures, state and federal regulations, and coordinates with management to address any changes as needed
Responds timely to all post funding audits, investor suspense, and other quality issues
Assists with timely and accurate regulatory reporting requirements
Supports all departmental areas and actively participates in departmental and organizational meetings
Adheres to all company policies, procedures and business ethics codes
Completes required regulatory training as assigned.
Maintain strict adherence and compliance to all laws, rules, regulations and internal controls specific to your role, including but not limited to Bank Secrecy Act, Anti-Money Laundering, USA Patriot Act, OFAC and Fair Lending regulations.