Home Loan Underwriting - Sr Home Loan Underwriter

Golden 1 Talent Acquisition Team•Sacramento, CA

10d•$41 - $47•Remote

About The Position

Golden 1 Credit Union is hiring a Senior Home Loan Underwriter to 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 mortgage secondary-market requirements and applicable state and federal compliance rules, including bank secrecy and anti-money-laundering laws. The underwriter analyzes tax returns, credit and appraisal reports, fraud-detection information, and other property- or income-related documentation to confirm files meet applicable requirements. The role also coordinates with vendors, servicers, agencies, investors, staff, brokers, and members; monitors and resolves quality-control or insuring issues; collaborates with originations and operations staff; and assists management with workflow prioritization and staff training. Golden 1 describes itself as a member-owned, not-for-profit cooperative committed to empowering members and supporting more equitable and financially inclusive communities in California. Its total rewards approach encompasses compensation, well-being and work-life balance, career development and growth, recognition, and diversity, equity, and inclusion. The posting identifies the role as remote.

Requirements

High school diploma or GED.
At least 10 years of responsible real estate and/or equity lending experience with a financial or banking institution, performing underwriting analysis and functions.
Knowledge of state and federal laws and regulations relevant to the position, including bank secrecy and anti-money-laundering laws.
Working knowledge of secondary-market requirements related to credit, income, disclosures, and property.
Ability to use agency-related internet and computer-based systems.
Ability to analyze tax returns, credit and appraisal reports, fraud-detection information, and property- or income-related documentation.
Must satisfy Federal Credit Union Act background-screening requirements; the Act restricts employment of individuals with certain convictions.

Nice To Haves

College degree or equivalent.

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 meeting established turnaround times.
Maintain knowledge of applicable state and federal laws and regulations, including bank secrecy and anti-money-laundering laws.
Maintain current knowledge of secondary-market requirements for credit, income, disclosures, and property, including the use of agency-related internet and computer systems.
Analyze tax returns, credit and appraisal reports, fraud-detection information, and other property- or income-related reports and documentation to verify compliance with agency, investor, and credit union requirements.
Organize and prioritize daily workload to meet credit union policies, procedures, and turnaround times.
Communicate and interact with 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 requires.
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.