Temporary Mortgage Underwriter- Correspondent Loans (REMOTE)

Quorum Federal Credit Union•Village of Dobbs Ferry, NY

8d•$36 - $41•Remote

About The Position

The Correspondent Mortgage Underwriter is responsible for review and underwriting all first and second mortgages within allocated approval authority. This position is 100% remote within the US.

Requirements

Bachelor’s degree in finance, business administration or other related degree preferred.
Minimum of four years of related experience at a credit union, bank or other financial institution.
Must have hands-on experience with Encompass within the last 12 months, demonstrating proficiency in mortgage loan origination systems and underwriting processes.
Excellent problem-solving, organizational, analytical, verbal and written communication skills.
Strong decision making and time management skills with the ability to manage multiple projects/duties.
Results driven, service oriented, self-motivated and able to work independently.
Detailed knowledge of secondary market guidelines. Some knowledge of regulatory guidelines and issues.
Comply with all requirements for Mortgage Loan Originators set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS.
Trustworthy with the ability to maintain the highest level of integrity and trust.
Proficiency in Microsoft Office, specifically Word, Excel and PowerPoint. Related experience with loan origination systems.
Stable internet connection with speeds high enough for video conferencing and screen sharing
Smartphone with current iOS/Android OS
Prolonged periods sitting at a workstation and working on a computer
Ability to communicate with coworkers and customers via email, chat, teleconference, and/or phone

Responsibilities

Review and underwrite closed loan packages submitted by approved correspondent lenders for compliance with FNMA and internal guidelines.
Validate income, assets, credit and collateral documentation to determine loan eligibility.
Evaluate full closed loan packages for completeness and consistency, including final 1003, title policy, CD, and collateral documents.
Review title and appraisal reports for acceptability and compliance with agency standards.
Identify documentation discrepancies and request appropriate cures from sellers.
Sign off loan conditions and prepare loan for purchase or suspense notification.
Communicate clearly, timely and professionally with correspondent sellers regarding loan decisions, suspense conditions, and documentation needs.
Collaborate with secondary market, closing, and post-purchase teams to ensure smooth loan flow and timely purchase.
Provide guidance to correspondents on investor guidelines and underwriting best practices when appropriate.
Maintain up-to-date knowledge of agency and investor guidelines, credit policy updates, and regulatory changes.
Assist in identifying patterns in loan defects or seller errors and recommend training or process improvements.
Uphold compliance with fair lending, privacy, and anti-fraud regulations.
Supports and fulfills Management requests related to audit preparation, sale preparation, HMDA reporting and more.
Actively works with management and staff seeking process improvements to automate and/or streamline operations and maintain adequate controls.
Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners and vendors.
Keeps abreast of industry developments including but not limited to changes in regulations and technology.
Ensures adherence to company policies and procedures and Banking/Credit Union Regulations.
Performs additional duties as required.