Securityplus Federal Credit Union
Senior Residential Underwriter
Securityplus Federal Credit Union, Milford Mill, Maryland, United States
Overview
About Securityplus Federal Credit Union:
At Securityplus Federal Credit Union, we’re more than just a financial institution—we’re a community dedicated to empowering people with financial security and being our members’ first choice. Our mission is to build lasting relationships and ensure households in our communities are financially healthy. Our culture is guided by the values of Collaboration, Agility, Respect, Excellence, and Spirit. We’re a forward-thinking team that embraces change, innovation, and a positive, passionate approach. If you’re ready to help us grow, strengthen connections, and transform how we serve our members, you might be the person we’re looking for. About this Role: We are looking for a Senior Residential Underwriter to evaluate and underwrite a wide range of mortgage products—including Fannie Mae, Freddie Mac, FHA, VA, TPO, Portfolio, and Home Equity loans—while ensuring compliance with secondary market, investor, and GSE guidelines. In this role, you will exercise the highest lending authority within the team, making loan decisions on complex applications that require advanced credit analysis and sound judgment. You will review applicant information, tax returns, title reports, and valuations—including appraisals—to render timely and accurate loan decisions. With FHA Direct Endorsement (DE) and VA Staff Appraisal Reviewer (SAR) certifications, you will apply extensive knowledge of residential underwriting to deliver results in a high-volume, fast-paced environment. As a key contributor, you will balance risk management with member needs, ensuring every decision supports both the financial health of the credit union and the member experience. If you’re passionate about credit analysis, regulatory compliance, and creating seamless lending experiences for members, this is your opportunity to make a meaningful impact and help shape the lending future at Securityplus Federal Credit Union. Responsibilities
Residential Loan Underwriting:
Underwrite a full range of residential mortgage loans—including conventional, FHA, VA, Fannie Mae (FNMA), Freddie Mac (FHLMC), third-party investor, portfolio, and home equity products. Review and analyze borrower credit, income, asset, and collateral information to ensure compliance with agency, investor, and internal guidelines, as well as all applicable federal and state regulations (TRID, ATR/QM, ECOA, HMDA). Utilize automated underwriting systems and perform manual underwriting as needed for complex profiles in a fast-paced environment. Decision-Making & Risk Assessment:
Exercise lending authority to approve, decline, or counteroffer loans in line with policy and risk tolerance. Analyze complex borrower situations—including self-employed income, layered risk factors, and non-traditional income sources—while minimizing risk and meeting member needs. Underwrite home equity loans (HELOCs and closed-end second mortgages) ensuring loan quality and policy adherence. Documentation & Compliance:
Review and validate documentation such as tax returns, pay statements, W-2s, appraisals, title reports, and AUS findings to determine loan eligibility. Stay current on agency and investor guideline updates and adjust underwriting practices to maintain compliance. Support quality control and post-closing reviews to ensure secondary market salability. Collaboration & Member Experience:
Work closely with loan officers, processors, closers, and management to resolve conditions, clarify requirements, and ensure efficient loan delivery. Communicate clearly on approvals, denials, or counteroffers to support a seamless, member-focused lending experience. Leadership & Team Support:
Serve as a resource for junior underwriters and processors, providing second-level reviews, training, and guidance on complex scenarios. Mentor and share knowledge to build team capability, promote consistency, and reinforce a culture of compliance and service excellence. Qualifications
Bachelor’s degree in business, finance, accounting, or related field required; Master’s degree or MBA preferred. Active FHA Direct Endorsement (DE) and VA Staff Appraisal Reviewer (SAR) certifications required. Minimum 5–7 years of residential mortgage underwriting experience, including secondary market and portfolio underwriting, with strong expertise in income analysis, collateral review, and secondary market salability. Experience underwriting home equity loans and second liens strongly preferred. Proficiency with Fannie Mae and Freddie Mac guidelines, TPO investor overlays, and automated underwriting systems (DU/LP). Skilled in income calculation, including self-employment analysis, and manual underwriting for complex scenarios. Familiarity with loan origination systems such as Encompass, with strong technical skills in documentation review and loan file analysis. Excellent analytical, organizational, and communication skills, with a proven ability to balance accuracy, compliance, and efficiency. Ability to work independently in a high-volume, deadline-driven environment. Experience in a credit union, community bank, or other member-focused financial institution is preferred. Prior involvement in mentoring or training junior underwriting staff. Knowledge of portfolio loan products and flexibility in underwriting outside standard agency guidelines. Why You’ll Love Working at Securityplus
Mission-Driven Organization:
You’ll be part of a credit union focused on helping members and communities thrive. Competitive Salary & Benefits Package:
Competitive salary and comprehensive retirement benefits, including a 401(k) with company contributions, health, dental, and vision coverage, plus potential annual performance bonus and monthly incentives. Opportunities for Career Growth:
Opportunities for internal development and career progression. Work-Life Balance:
We value work/life balance. Culture of Fun and Collaboration:
A collaborative team environment focused on positive impact. Legal & Workplace Statements
Reasonable Accommodations:
The policy applies to all aspects of employment; contact Human Resources at 410.281.6200 for accommodations. Physical Demands & Work Environment:
Typical office work; occasional lifting up to 25 pounds; standard vision requirements; usually low to moderate noise. Equal Employment Opportunity:
Securityplus Federal Credit Union provides equal employment opportunities and prohibits harassment or discrimination. At-Will Statement:
Employment is at-will; either party may terminate at any time.
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About Securityplus Federal Credit Union:
At Securityplus Federal Credit Union, we’re more than just a financial institution—we’re a community dedicated to empowering people with financial security and being our members’ first choice. Our mission is to build lasting relationships and ensure households in our communities are financially healthy. Our culture is guided by the values of Collaboration, Agility, Respect, Excellence, and Spirit. We’re a forward-thinking team that embraces change, innovation, and a positive, passionate approach. If you’re ready to help us grow, strengthen connections, and transform how we serve our members, you might be the person we’re looking for. About this Role: We are looking for a Senior Residential Underwriter to evaluate and underwrite a wide range of mortgage products—including Fannie Mae, Freddie Mac, FHA, VA, TPO, Portfolio, and Home Equity loans—while ensuring compliance with secondary market, investor, and GSE guidelines. In this role, you will exercise the highest lending authority within the team, making loan decisions on complex applications that require advanced credit analysis and sound judgment. You will review applicant information, tax returns, title reports, and valuations—including appraisals—to render timely and accurate loan decisions. With FHA Direct Endorsement (DE) and VA Staff Appraisal Reviewer (SAR) certifications, you will apply extensive knowledge of residential underwriting to deliver results in a high-volume, fast-paced environment. As a key contributor, you will balance risk management with member needs, ensuring every decision supports both the financial health of the credit union and the member experience. If you’re passionate about credit analysis, regulatory compliance, and creating seamless lending experiences for members, this is your opportunity to make a meaningful impact and help shape the lending future at Securityplus Federal Credit Union. Responsibilities
Residential Loan Underwriting:
Underwrite a full range of residential mortgage loans—including conventional, FHA, VA, Fannie Mae (FNMA), Freddie Mac (FHLMC), third-party investor, portfolio, and home equity products. Review and analyze borrower credit, income, asset, and collateral information to ensure compliance with agency, investor, and internal guidelines, as well as all applicable federal and state regulations (TRID, ATR/QM, ECOA, HMDA). Utilize automated underwriting systems and perform manual underwriting as needed for complex profiles in a fast-paced environment. Decision-Making & Risk Assessment:
Exercise lending authority to approve, decline, or counteroffer loans in line with policy and risk tolerance. Analyze complex borrower situations—including self-employed income, layered risk factors, and non-traditional income sources—while minimizing risk and meeting member needs. Underwrite home equity loans (HELOCs and closed-end second mortgages) ensuring loan quality and policy adherence. Documentation & Compliance:
Review and validate documentation such as tax returns, pay statements, W-2s, appraisals, title reports, and AUS findings to determine loan eligibility. Stay current on agency and investor guideline updates and adjust underwriting practices to maintain compliance. Support quality control and post-closing reviews to ensure secondary market salability. Collaboration & Member Experience:
Work closely with loan officers, processors, closers, and management to resolve conditions, clarify requirements, and ensure efficient loan delivery. Communicate clearly on approvals, denials, or counteroffers to support a seamless, member-focused lending experience. Leadership & Team Support:
Serve as a resource for junior underwriters and processors, providing second-level reviews, training, and guidance on complex scenarios. Mentor and share knowledge to build team capability, promote consistency, and reinforce a culture of compliance and service excellence. Qualifications
Bachelor’s degree in business, finance, accounting, or related field required; Master’s degree or MBA preferred. Active FHA Direct Endorsement (DE) and VA Staff Appraisal Reviewer (SAR) certifications required. Minimum 5–7 years of residential mortgage underwriting experience, including secondary market and portfolio underwriting, with strong expertise in income analysis, collateral review, and secondary market salability. Experience underwriting home equity loans and second liens strongly preferred. Proficiency with Fannie Mae and Freddie Mac guidelines, TPO investor overlays, and automated underwriting systems (DU/LP). Skilled in income calculation, including self-employment analysis, and manual underwriting for complex scenarios. Familiarity with loan origination systems such as Encompass, with strong technical skills in documentation review and loan file analysis. Excellent analytical, organizational, and communication skills, with a proven ability to balance accuracy, compliance, and efficiency. Ability to work independently in a high-volume, deadline-driven environment. Experience in a credit union, community bank, or other member-focused financial institution is preferred. Prior involvement in mentoring or training junior underwriting staff. Knowledge of portfolio loan products and flexibility in underwriting outside standard agency guidelines. Why You’ll Love Working at Securityplus
Mission-Driven Organization:
You’ll be part of a credit union focused on helping members and communities thrive. Competitive Salary & Benefits Package:
Competitive salary and comprehensive retirement benefits, including a 401(k) with company contributions, health, dental, and vision coverage, plus potential annual performance bonus and monthly incentives. Opportunities for Career Growth:
Opportunities for internal development and career progression. Work-Life Balance:
We value work/life balance. Culture of Fun and Collaboration:
A collaborative team environment focused on positive impact. Legal & Workplace Statements
Reasonable Accommodations:
The policy applies to all aspects of employment; contact Human Resources at 410.281.6200 for accommodations. Physical Demands & Work Environment:
Typical office work; occasional lifting up to 25 pounds; standard vision requirements; usually low to moderate noise. Equal Employment Opportunity:
Securityplus Federal Credit Union provides equal employment opportunities and prohibits harassment or discrimination. At-Will Statement:
Employment is at-will; either party may terminate at any time.
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