Underwriter

Chevron Federal Credit Union•,

2d•$31 - $53•Remote

About The Position

Chevron Federal Credit Union is one of the top-run credit unions in the country – and one of the largest, with $5 billion in assets. Yet our corporate culture is not stuffy: the Team Spirit Committee runs fun activities and charitable events throughout the year, and work-life balance, mutual respect, diversity, and providing a voice for every employee are all important to us. As you might imagine, we provide competitive pay and great benefits. This role underwrites all residential real estate loan products ensuring adherence to the appropriate company or investor guidelines. Uses loan origination software to extract key information from multiple loan documents to assess a loan’s compliance with all applicable federal, state, municipal, and Credit Union regulatory bodies. Reviews loan documentation for accuracy and completeness. Provides work direction and training to others including, but not limited to, loan officers, loan closers, and colleagues in other departments.

Requirements

3 to 5 years’ related residential mortgage underwriting experience
Associate’s degree
Demonstrated knowledge of conventional and governmental A and B credit quality loans with a financial institution.
Ability to write and speak effectively in English using correct spelling and
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Basic math skills including the ability to compute rates, ratios, and percentages using a 10-key.
Clear understanding of the loan origination, loan processing, and closing
Demonstrated understanding of how to calculate income for all types of borrowers, handle complex tax returns and related financial statements, analyze various sources of funds, and interpret credit agency and similar reports to establish creditworthiness of the borrowers. Ability to calculate figures and amounts such as loan payments, discounts, interest, commissions, and percentages.
Exceptional computer skills are required. Must be able to use the Credit Union's computer system for input/output transactions, including, but not limited to, retrieval of information, printing out individual statements of account, entering data, updating information, special access to certain fields, and general maintenance of the credit and collection financial and ancillary records.
Ability to utilize on-screen loan origination software provided by the Credit Union or by a stand-alone personal computer system that accomplishes the same or a similar
Ability to apply concepts of basic algebra, fractions, percentages, ratios, and proportions to practical situations. Ability to train others on these mathematical skills.
Proficient in the use of basic applications in a Windows-based environment, including Outlook, Word, and Excel. Moderate keyboard skills at 40 wpm.
Excellent customer service
Ability to learn quickly and adapt to change; ability to quickly learn specialized applications and systems.
Initiative and self-
Ability to effectively communicate and collaborate with people at all
Sound problem-solving and decision-making ability, including the ability to
Ability to understand and align with our core competencies through daily projects and tasks: Growth Mindset, Diversity & Inclusion, Communication, Change Ready Leadership, Responsibility, Problem Solving, Tech & Data Savvy, CU Business Acumen.

Nice To Haves

Equivalent combination of education and experience may substitute for stated
Familiarity with FNMA manual and Desktop Underwriter guidelines for conforming loans a plus.
Knowledge of Desktop Underwriter (DU) and Blue Sage LOS a

Responsibilities

With a high degree of accuracy, applies Fannie Mae manual and Desktop Underwriter (DU) guidelines and CFCU internal underwriting guidelines to residential first and second mortgage loans for purchase money, refinance, wholesale, relocation, conforming or jumbo loan applications.
Makes variance recommendations or counteroffer recommendations on a case-by-case basis to mortgage underwriting manager or above, as needed.
Reviews and analyzes all areas of the mortgage loan application to ensure accuracy, completeness, and compliance with internal and regulatory guidelines including, but not limited to upfront disclosures, loan-to-value ratios, credit reports, applications, appraisals, and title reports.
Demonstrates a high degree of analytical abilities and negotiation skills with a willingness to investigate and perform independent research when necessary.
Maintains a working knowledge of the origination software system and ensures that software updates are loaded properly.
Underwrites a minimum average of 4-8 loan touches per day in addition to other underwriter responsibilities.
Provides excellent service to members and colleagues by using effective communication and employing teamwork.
Communicates timely, clearly, and professionally to colleagues at all times.
Ensures business partners receive the information necessary to properly structure and finalize incomplete loan packages.
Provides counsel to mortgage processors and mortgage loan officers (specific to guidelines) as needed.
Assists with on-the-job training of new employees or others.
Other duties as assigned.