Underwriter

People's Credit Union • Middletown, RI

11d

About The Position

People’s Credit Union is built on the belief that members and employees should feel a sense of belonging. Based on our Core Values, we created that feeling by design to offer you a genuine sense of community where you are supported personally and professionally.

If you work here, you belong here.

Your Values Align With Ours

We hire employees whose core values match our own. We can train for competency, but if you’re also genuine, trustworthy, earnest, empathetic, and resourceful, we want you on our team.

Your Voice Is Heard

Here, hierarchy doesn’t drive impact - all voices are sought out, heard, and respected. We are listeners, then doers.

Your Team Makes You Stronger

Independent work is expected, but collaboration with compassionate accountability makes us all stronger. Working together, we all learn and grow.

Your Future Is Bright

We recognize that careers are not always straight lines. Professional development is a shared responsibility. We are committed to providing opportunities and resources to help you navigate your career paths and achieve your goals. Let's work together to foster growth and development in our organization.

This position provides an extraordinary member experience by performing work that requires using judgment and discretion in making credit decisions for members seeking a variety of loans for assorted purposes within established guidelines and procedures.

Requirements

• High school diploma or equivalent
• At least 5 to 10 years’ experience in real estate and/or residential lending operations and knowledge relating to credit fundamentals
• At least two years’ experience in analyzing residential loan applications and making credit decisions
• Excellent oral and written communication skills
• Experience in Windows and Microsoft Office
• National Mortgage Licensing System (NMLS) registration required

Nice To Haves

• Experience in Encompass preferred

Responsibilities

• Demonstrates a high level of accuracy while performing credit analysis of real estate loans including home equity loans and lines of credit
• Reviews credit reports, tax returns, financial documents, loan ratios, and appraisals
• Demonstrates a high level of accuracy while performing credit analysis and maintaining a pipeline of manufactured home, equity, and mortgage loans
• Calculates income from various sources, including but not limited to personal and business tax returns
• Has the ability to manually underwrite loans as well as underwrite through automated processes like Desktop Underwriter (DU)
• Has the ability to create counteroffers in the event that an initial request cannot be met. Looks for solutions and ways to proceed
• Orders AVM/PCR appraisals for Equity products
• Applies Credit Union policies and procedures with respect to the approval and denial of loan applications
• Ensures compliance with industry standards, regulations, and disclosure requirements
• Prepares narratives for loans that require Credit Committee and/or Board review
• Uses risk assessment and risk mitigations skills when making loan decisions to determine an acceptable level of risk
• Verifies that the loan meets program and/or investor specifications/guidelines
• Meets pipeline SLA guidelines to ensure timely credit decisions are made
• Acts as mentor to processing staff involved in processing files to assist them with their knowledge of subject matter such as credit union policies and procedures, loan programs, investor guidelines and other matters as necessary
• Participates in training for staff with lending authority
• Proactively reviews GSE underwriting guidelines changes and brings forth as needed
• Apply for and successfully maintain NMLS registration
• Completion of all assigned trainings per regulations set forth by SAFE Act
• Completion of annual registration renewal process

Benefits

• Health and dental benefits through Blue Cross Blue Shield, plus vision benefits through VSP
• 401(k) and Roth plan with a competitive employer match
• Robust Wellness Program
• Employee Recognition Program
• Fun, food, and events

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 11-50 employees