Home Loan Underwriting - Sr Home Loan Underwriter
About The Position
Golden 1 Credit Union is seeking a Senior Home Loan Underwriter to analyze and underwrite home loan files in accordance with agency, investor, and credit union policies and procedures. The role reviews and signs off on underwriting conditions while meeting established turnaround times, and requires working knowledge of applicable state and federal compliance requirements, secondary market standards, and agency systems. The underwriter analyzes tax returns, credit and appraisal reports, fraud-detection findings, and other property- or income-related documentation to ensure files meet applicable requirements. The role also coordinates with vendors, servicers, agencies, investors, staff, brokers, and members; addresses quality-control or insuring issues; supports workflow prioritization and procedure implementation; and assists with staff training as directed. Golden 1 describes its total rewards approach as including compensation, well-being and work-life balance, career development and growth, rewards and recognition, and a commitment to diversity, equity, and inclusion. The position is identified as remote.
Requirements
- High school diploma or GED required.
- At least 10 years of responsible real estate and/or equity lending experience with a financial or banking institution, performing underwriting analysis and functions.
- Ability to analyze tax returns, credit and appraisal reports, fraud-detection information, and property- or income-related documentation.
- Knowledge of relevant state and federal compliance requirements, mortgage-industry standards, secondary market requirements, and agency systems.
Nice To Haves
- College degree or equivalent preferred.
Responsibilities
- Underwrite daily loan files according to agency, investor, and credit union policies and procedures.
- Review and sign off on underwriting conditions in accordance with credit union policy while maintaining established turnaround times.
- Maintain knowledge of applicable state and federal laws and regulations, including bank secrecy and anti-money laundering requirements relevant to the position.
- Maintain current knowledge of secondary market requirements for credit, income, disclosure, and property, including hands-on use of agency-related internet and computer-based systems as required.
- Analyze tax returns, credit and appraisal reports, fraud-detection findings, and other property- or income-related reports and documentation for compliance with agency, investor, and credit union requirements.
- Organize and prioritize daily workload to comply with credit union policies, procedures, and turnaround times.
- Communicate and interact with pertinent vendors, servicers, agencies, investors, staff, brokers, and members.
- Maintain current working knowledge of mortgage-industry and credit-union standards and trends.
- Monitor and resolve quality-control or insuring issues on relevant files in a timely manner to prevent delays.
- Work with management to implement procedures for prioritizing work in underwriting and processing as volume dictates.
- Work closely with originations and operations staff to ensure compliance with credit union and agency guidelines and policies.
- Assist a supervisor or manager with staff training.
- Assist a supervisor or manager with workflow prioritization as directed.
Benefits
- Market-competitive and internally equitable total rewards compensation package.
- Well-being and work-life balance programs.
- Career development and growth.
- Rewards and recognition.
- Commitment to diversity, equity, and inclusion.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
