United Federal Credit Union
Mortgage Underwriter (Hybrid)
United Federal Credit Union, Reno, Nevada, United States, 89550
Overview
The Mortgage Underwriter is responsible to underwrite first mortgage conventional, USDA/RD and portfolio loans in order to minimize risk or loss; ensure that loans are underwritten in accordance with the Credit Union's loan policies, guidelines and secondary market investor standards; examine loan documentation to ensure compliance with various state and government regulations and guidelines. Provide guidance to support staff. Recommend modifications to underwriting procedures. Essential Functions
Complete a thorough analysis of loan files and supporting documentation to determine compliance regulations is meet according to the Credit Union, USDA, Portfolio, Conventional, private investor, and private mortgage insurance guidelines. This includes full condominium review and complex tax returns when applicable. Recommend the loan disposition for loan amounts in excess of authority limitation to Mortgage Underwriting Manager. Time: 65% Be available to the mortgage operations and mortgage sales teams for specific guideline interpretations and questions on specific loan files. Time: 20% Maintain strong working knowledge of market conditions in the geographic areas where mortgage loans will be originated. Evaluate, analyze, and distribute applicable changes and updates to production staff when necessary. Recommend modifications to underwriting procedures/standards. Assist in audits when requested by management. Time: 10% Perform related duties as directed by Mortgage Underwriting Manager. Time: 5% Education
Bachelor’s Degree in related field or two years of related work experience required. Experience
In Addition To The Education Requirement Knowledge of residential mortgage guidelines, products, and regulatory requirements. Two or more years of real estate underwriting or mortgage loan processing experience required. Knowledge, Skills and Abilities
Excellent communication skills. Excellent underwriting analytical skills Knowledge of Excel and Word Self-motivated Analysis and quick resolution skills Knowledge of real estate laws, regulations, and policies. Ability to develop or improve loan products. Ability to develop strategy for seminars, presentations, and trade shows. Thorough business knowledge of the real estate lending industry. Required Competencies
Problem Solving Drive for Results Time Management Dealing with Ambiguity Demonstrates Courage Interpersonal Savvy Customer Focus Integrity & Trust Self-Development Business Acumen Mental Requirements
Ability to analyze and evaluate information. Ability to use good judgment and make sound decisions quickly. Ability to work and reason under pressure. Ability to prioritize in a multi-task environment. Ability to maintain a positive attitude and professional image. Ability to interpret lending guidelines and regulations. Demonstrated understanding of guidelines necessary to generate first and second mortgages. Tools and Equipment Used
All available general office equipment as needed. All available computer software and hardware as needed. Working Relationships/Contacts
Daily, personal/written/phone contact with Credit Union staff. Daily, personal/written/phone contact with Credit Union management. Daily, personal/written/phone contact with real estate community. Daily, personal/written/phone contact with Credit Union members. Daily, personal/written/phone contact with vendors. Physical Demands
Work involves standing and walking for brief periods of time but most work is done from a seated position. There is potential for eyestrain from reading detailed reports and computer screen. Deadlines, workloads, and pressure to achieve goals may cause increased stress levels. Working Conditions
Internal - Work is normally performed in climate-controlled office environment, where exposure to conditions of extreme heat/cold, poor ventilation, fumes and gases is very limited. Noise level is moderate and includes sounds of normal office equipment (computers, telephones, etc.). No known environmental hazards are encountered in normal performance of duties. Length of day is unpredictable; long hours may be required to accommodate deadlines or special meetings. External - Some overnight travel is required; however, information on environmental conditions is not available. EOE/Vets/Disability Job Details
Seniority level : Entry level Employment type : Full-time Job function : Finance and Sales
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The Mortgage Underwriter is responsible to underwrite first mortgage conventional, USDA/RD and portfolio loans in order to minimize risk or loss; ensure that loans are underwritten in accordance with the Credit Union's loan policies, guidelines and secondary market investor standards; examine loan documentation to ensure compliance with various state and government regulations and guidelines. Provide guidance to support staff. Recommend modifications to underwriting procedures. Essential Functions
Complete a thorough analysis of loan files and supporting documentation to determine compliance regulations is meet according to the Credit Union, USDA, Portfolio, Conventional, private investor, and private mortgage insurance guidelines. This includes full condominium review and complex tax returns when applicable. Recommend the loan disposition for loan amounts in excess of authority limitation to Mortgage Underwriting Manager. Time: 65% Be available to the mortgage operations and mortgage sales teams for specific guideline interpretations and questions on specific loan files. Time: 20% Maintain strong working knowledge of market conditions in the geographic areas where mortgage loans will be originated. Evaluate, analyze, and distribute applicable changes and updates to production staff when necessary. Recommend modifications to underwriting procedures/standards. Assist in audits when requested by management. Time: 10% Perform related duties as directed by Mortgage Underwriting Manager. Time: 5% Education
Bachelor’s Degree in related field or two years of related work experience required. Experience
In Addition To The Education Requirement Knowledge of residential mortgage guidelines, products, and regulatory requirements. Two or more years of real estate underwriting or mortgage loan processing experience required. Knowledge, Skills and Abilities
Excellent communication skills. Excellent underwriting analytical skills Knowledge of Excel and Word Self-motivated Analysis and quick resolution skills Knowledge of real estate laws, regulations, and policies. Ability to develop or improve loan products. Ability to develop strategy for seminars, presentations, and trade shows. Thorough business knowledge of the real estate lending industry. Required Competencies
Problem Solving Drive for Results Time Management Dealing with Ambiguity Demonstrates Courage Interpersonal Savvy Customer Focus Integrity & Trust Self-Development Business Acumen Mental Requirements
Ability to analyze and evaluate information. Ability to use good judgment and make sound decisions quickly. Ability to work and reason under pressure. Ability to prioritize in a multi-task environment. Ability to maintain a positive attitude and professional image. Ability to interpret lending guidelines and regulations. Demonstrated understanding of guidelines necessary to generate first and second mortgages. Tools and Equipment Used
All available general office equipment as needed. All available computer software and hardware as needed. Working Relationships/Contacts
Daily, personal/written/phone contact with Credit Union staff. Daily, personal/written/phone contact with Credit Union management. Daily, personal/written/phone contact with real estate community. Daily, personal/written/phone contact with Credit Union members. Daily, personal/written/phone contact with vendors. Physical Demands
Work involves standing and walking for brief periods of time but most work is done from a seated position. There is potential for eyestrain from reading detailed reports and computer screen. Deadlines, workloads, and pressure to achieve goals may cause increased stress levels. Working Conditions
Internal - Work is normally performed in climate-controlled office environment, where exposure to conditions of extreme heat/cold, poor ventilation, fumes and gases is very limited. Noise level is moderate and includes sounds of normal office equipment (computers, telephones, etc.). No known environmental hazards are encountered in normal performance of duties. Length of day is unpredictable; long hours may be required to accommodate deadlines or special meetings. External - Some overnight travel is required; however, information on environmental conditions is not available. EOE/Vets/Disability Job Details
Seniority level : Entry level Employment type : Full-time Job function : Finance and Sales
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