Bellco
Real Estate Underwriter - Home Equity II
Bellco Corporate Offices, 7600 E Orchard Rd, Greenwood Village, Colorado, United States of America
Job Description Posted Thursday, October 16, 2025 at 8:00 AM
Application deadline is 5 days after the date the role was posted.
Thank you for your interest in Bellco Credit Union! We’re a local not-for-profit organization that has been giving back to our members, the communities we serve, and of course, our employees since 1936. Offering one of the best employee benefits packages around, Bellco is a leader in fostering, developing, and engaging staff to become expert financial-service ambassadors. You’re a part of something more at Bellco—a place you can be proud of.
LOCATION:
Corporate
DIVISION:
CMXO
FUNCTION DESCRIPTION:
The Home Equity Underwriter II will review and analyze home equity loan applications to determine whether applicants meet financial and creditworthiness criteria. The Underwriter II assesses the risk associated with approving a loan, evaluates the borrower’s income, credit history, employment history, debt-to-income ratio, available equity, and other important factors. The Underwriter II will act as a mentor to team members assisting in training as necessary and will provide advanced technical expertise. As part of the Home Equity Underwriting team, the Underwriter II strives to provide exceptional service to all members. The Home Equity Underwriter II may participate in QC activities.
ORGANIZATIONAL RELATIONSHIPS:
Reports to: Senior Manager - Real Estate Servicing and Processing
Contacts: All levels of credit union employees, internal and external auditors, vendors and members
QUALIFICATIONS/REQUIREMENTS:
Experience:
Minimum 4 years’ experience in residential underwriting, preferably with Home Equity experience
Knowledge of general lending guidelines including state, federal and fair lending
Education:
Bachelor’s degree in related field or equivalent experience preferred
Skills:
Ability to work with a high degree of confidentiality
Thorough understanding of credit reporting and credit analysis
Proven ability to analyze income documentation including personal and business tax returns and complete a cash flow analysis.
Knowledge of appraisal and property data analysis
Ability to apply guidelines and lending matrices
Knowledge of title commitments and documents
Ability to review member data in Core system
Working knowledge of home equity processing and state and federal lending guidelines
Knowledge of HMDA requirements
Proficient with Microsoft Office (Word, Excel, Outlook).
Strong analytical and decision-making skills.
Strong attention to detail.
Time management skills with the ability to prioritize workload.
Strong communication skills both verbal and written.
Demonstrates strong analytical/problem solving and time-management skills.
Ability to mentor and guide team members in decision making sharing technical expertise.
ESSENTIAL FUNCTIONS:
Demonstrates Bellco’s Act Nice Behaviors and Core Values in all interactions with members, prospective members, and personnel in other Bellco departments while holding staff accountable to standards.
Responsible for pipeline management and completing work within established Service Level Agreement (SLA) standards. The Real Estate Home Equity Underwriter II may be responsible for increased production due to advanced technical expertise.
Responsible for accuracy and completion of activities associated with the underwriting of home equity lines of credit.
Responsible for accurate math computations including but not limited to income, debt to income ratios, loan to value ratios and combined loan to value ratios
Ensure compliance with regulatory, and Agency requirements including but not limited to RESPA, Homeowner’s Protections Act of 1998, SCRA, Fair Credit Legislation, HMDA, and CFPB.
Responsible for final underwriting decisions on loans within granted lending authority that may involve approving or denying applications.
Responsible for applying lending guidelines fairly and without bias.
May be asked to contribute to compliance, auditing, and other organization-wide initiatives.
May be required to provide Quality Control support.
Has the ability to manage fluctuating volumes which may include times of high volume.
Works with management team to distribute and reallocate pipelines as necessary to ensure member experience.
Identifies training needs for team members and may lead on the job training.
Ensure member satisfaction within all loan channels and points of contact with frontline, back-office staff and members
Report vendor performance and service standards to the management team, as necessary.
Regular and punctual attendance.
Management retains the discretion to add to or change the duties of the position as business need dictates.
WORKING CONDITIONS:
Hybrid working environment may be considered.
Bellco Credit Union provides a comprehensive benefits package to employees, including: Medical, Dental, Vision, 401 (k) with company match, Supplemental Life Insurance, Paid Vacation, Paid Sick Days, and Paid Holidays.
In addition to base compensation, Bellco Credit Union offers bonuses for the following roles:
Non-exempt branch roles may earn monthly bonuses for meeting production goals and quarterly bonuses for meeting team goals.
Exempt branch roles may earn quarterly bonuses for production and team goals.
Exempt non-branch management roles may be eligible for an annual managerial bonus.
Non-branch non-management roles may be eligible for on-the-spot bonuses for extraordinary performance.
Bellco Corporate Offices, 7600 E Orchard Rd, Greenwood Village, Colorado, United States of America
#J-18808-Ljbffr
Job Description Posted Thursday, October 16, 2025 at 8:00 AM
Application deadline is 5 days after the date the role was posted.
Thank you for your interest in Bellco Credit Union! We’re a local not-for-profit organization that has been giving back to our members, the communities we serve, and of course, our employees since 1936. Offering one of the best employee benefits packages around, Bellco is a leader in fostering, developing, and engaging staff to become expert financial-service ambassadors. You’re a part of something more at Bellco—a place you can be proud of.
LOCATION:
Corporate
DIVISION:
CMXO
FUNCTION DESCRIPTION:
The Home Equity Underwriter II will review and analyze home equity loan applications to determine whether applicants meet financial and creditworthiness criteria. The Underwriter II assesses the risk associated with approving a loan, evaluates the borrower’s income, credit history, employment history, debt-to-income ratio, available equity, and other important factors. The Underwriter II will act as a mentor to team members assisting in training as necessary and will provide advanced technical expertise. As part of the Home Equity Underwriting team, the Underwriter II strives to provide exceptional service to all members. The Home Equity Underwriter II may participate in QC activities.
ORGANIZATIONAL RELATIONSHIPS:
Reports to: Senior Manager - Real Estate Servicing and Processing
Contacts: All levels of credit union employees, internal and external auditors, vendors and members
QUALIFICATIONS/REQUIREMENTS:
Experience:
Minimum 4 years’ experience in residential underwriting, preferably with Home Equity experience
Knowledge of general lending guidelines including state, federal and fair lending
Education:
Bachelor’s degree in related field or equivalent experience preferred
Skills:
Ability to work with a high degree of confidentiality
Thorough understanding of credit reporting and credit analysis
Proven ability to analyze income documentation including personal and business tax returns and complete a cash flow analysis.
Knowledge of appraisal and property data analysis
Ability to apply guidelines and lending matrices
Knowledge of title commitments and documents
Ability to review member data in Core system
Working knowledge of home equity processing and state and federal lending guidelines
Knowledge of HMDA requirements
Proficient with Microsoft Office (Word, Excel, Outlook).
Strong analytical and decision-making skills.
Strong attention to detail.
Time management skills with the ability to prioritize workload.
Strong communication skills both verbal and written.
Demonstrates strong analytical/problem solving and time-management skills.
Ability to mentor and guide team members in decision making sharing technical expertise.
ESSENTIAL FUNCTIONS:
Demonstrates Bellco’s Act Nice Behaviors and Core Values in all interactions with members, prospective members, and personnel in other Bellco departments while holding staff accountable to standards.
Responsible for pipeline management and completing work within established Service Level Agreement (SLA) standards. The Real Estate Home Equity Underwriter II may be responsible for increased production due to advanced technical expertise.
Responsible for accuracy and completion of activities associated with the underwriting of home equity lines of credit.
Responsible for accurate math computations including but not limited to income, debt to income ratios, loan to value ratios and combined loan to value ratios
Ensure compliance with regulatory, and Agency requirements including but not limited to RESPA, Homeowner’s Protections Act of 1998, SCRA, Fair Credit Legislation, HMDA, and CFPB.
Responsible for final underwriting decisions on loans within granted lending authority that may involve approving or denying applications.
Responsible for applying lending guidelines fairly and without bias.
May be asked to contribute to compliance, auditing, and other organization-wide initiatives.
May be required to provide Quality Control support.
Has the ability to manage fluctuating volumes which may include times of high volume.
Works with management team to distribute and reallocate pipelines as necessary to ensure member experience.
Identifies training needs for team members and may lead on the job training.
Ensure member satisfaction within all loan channels and points of contact with frontline, back-office staff and members
Report vendor performance and service standards to the management team, as necessary.
Regular and punctual attendance.
Management retains the discretion to add to or change the duties of the position as business need dictates.
WORKING CONDITIONS:
Hybrid working environment may be considered.
Bellco Credit Union provides a comprehensive benefits package to employees, including: Medical, Dental, Vision, 401 (k) with company match, Supplemental Life Insurance, Paid Vacation, Paid Sick Days, and Paid Holidays.
In addition to base compensation, Bellco Credit Union offers bonuses for the following roles:
Non-exempt branch roles may earn monthly bonuses for meeting production goals and quarterly bonuses for meeting team goals.
Exempt branch roles may earn quarterly bonuses for production and team goals.
Exempt non-branch management roles may be eligible for an annual managerial bonus.
Non-branch non-management roles may be eligible for on-the-spot bonuses for extraordinary performance.
Bellco Corporate Offices, 7600 E Orchard Rd, Greenwood Village, Colorado, United States of America
#J-18808-Ljbffr