Sr. Home Loan Underwriter
About The Position
The Sr. Home Loan Underwriter is responsible for making consistent quality loan decisions on residential mortgage loans in accordance with company and agency standards. This person will be member-focused and offer alternative solutions to meet the members financial needs. This role may be involved in several types of mortgage lending (Conventional, Portfolio, and Home Equity). This position has proven the ability to handle significant responsibilities in addition to the Mortgage Underwriter II role. This position acts as a resource for other Underwriters and Operations staff, answering questions, conducting training and acting as a mentor.
Requirements
- High school diploma; or equivalent completion of specialized course of study, training, and experience
- Minimum of five (5) years of relevant mortgage loan underwriting experience required
- Expert experience with loan origination software as it pertains to job functions
- Proven success maintaining monthly goals
- Proficient with standard Microsoft Office Suite
Nice To Haves
- Minimum of three (3) years’ experience with correspondent lending desired
- FHA DE or VA LAPP SAR desired
Responsibilities
- Analyze income, credit, assets, and loan application according to company and agency underwriting guidelines to produce a sound credit decision
- Comply with TRID, Ability to Repay/Qualified Mortgage rules and other compliance regulations
- Ensure Loan Origination System reflects accurate loan data
- Perform a thorough analysis of collateral to ensure property meets company and agency guidelines and the appraisal quality and completeness is acceptable
- Works in tandem with loan officers and operations staff to address loan conditions, questions, issues, and problem solves
- Collaborate with management on counter offers and exceptions
- Issue denials, suspensions, and counteroffers
- Maintain ongoing knowledge of company and agency guidelines, updates, and trends
- Manage a pipeline and achieve production and turn-time standards set forth by management
- Display mutual respect, trust, and dignity, while acting in the best interest of the credit union following all policies and procedures as expected by management.
- Lead by example by always displaying solid ethics and integrity
- Maintain and protect all sensitive data utilizing the highest standard of confidentiality and professionalism
- Willingly perform other job-related projects and duties as assigned, self-initiating assistance to team members when appropriate
- Provide support, training, coaching, and mentoring as the subject-matter expert for the underwriting team to maintain organizational consistency
- Assist in internal audits and external exams as applicable
- Work with management on FHA and VA UW approval authority projects
Benefits
- Competitive Pay
- Medical, Dental, Vision, and Life Insurance
- 20 days/year of Paid Time Off – Plus 10 Paid Holidays!
- 401(k) Match Incentive Program
- Tuition Assistance and Student Loan Repayment
- Commuter Benefits
- Paid Time Off to Volunteer in the Community
- Product discounts
- Engaging Work Environment
- Rewards and Recognition Programs
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
