Redwood Credit Union
Mortgage Underwriter
Redwood Credit Union is looking for a Mortgage Underwriter who will be responsible for reviewing all mortgage loan applications to ensure completeness and compliance with secondary and/or portfolio lending guidelines and policies. Essential Functions: Loan File Management Approve loans and make recommendations for loan approval up to established limits. Within department timelines, review loan files for accuracy, completeness and compliance. Review all denied loans for possible lending options to benefit the Member. Educate staff on changes to loan requirements. Identify cross sell opportunities that will benefit the Members and RCU. Ensure confidentiality and safeguard sensitive Member financial information. Recognize and evaluate the loan process and recommend changes that will help maintain maximum efficiency. Review and maintain all product guidelines to ensure accuracy with changes in the industry and changes in RCU loan policies. Audit first mortgage loan files to ensure completeness prior to funding. Develop operational and procedural changes necessary to address any issues or problems noted in quality control reports. Special Projects and Other Functions Provide exceptional service to all Members, volunteers, employees and service providers. Compose and type letters, memos and reports for staff and Members as needed. Research and resolve Member or employee concerns as directed. Represent RCU in a courteous and professional manner at all times. Research and evaluate products that other institutions are offering and recommend those that will benefit the Members and RCU. Develop and organize training material to cross train mortgage lending staff on all aspects of underwriting. Provide general assistance in completing tasks and projects. Prepare loan reports as required. Cross train as necessary in order to provide backup in document drawing and funding. Minimum Qualification: Knowledge, Skills and Abilities Knowledge and understanding of all mortgage loan products offered by RCU; we currently offer prime first mortgages, fixed seconds, and HELOC's. Knowledge of real estate principles, practices, rules, regulations, and sale practices. Knowledge of investor guidelines and compliance requirements Skill in the operation of personal computer with Intranet/Internet access and other office equipment. Skill in the use of Internet-based loan origination software. Skill in the use of Fannie Mae Desktop Underwriter. Ability to communicate effectively both verbally and in writing. Ability to establish and maintain effective working relationships with a diverse group of people. Ability to act independently and confidentially, using discretion and tact. Ability to analyze situations and recommend workable solutions. Ability to coordinate a variety of activities simultaneously and prioritize work. Physical Requirements Ability to stand, bend, stoop, sit, walk, twist, and turn. Ability to lift up to 15 pounds. Ability to use a computer keyboard and calculator. Work environment is indoors; majority of the time is spent sitting at a desk. The ideal candidate has a combination of education and experience equivalent to high school diploma and four years experience in mortgage loan origination or two years as a designated underwriter. Compensation: Base starting range: $38.00 to $50.00 per hour commensurate with experience. Our base salary starting range is based on scope and responsibilities of the position, candidate's work experience, education/training, key skills, and internal peer equity. We offer a competitive total rewards package including a wide range of medical, dental, vision, financial, and other benefits. Redwood Credit Union offers a robust benefits package to our eligible employees including: Competitive medical, dental, and vision insurance, mental health offerings Employee performance incentive plan Salary Advancement Merit increase based on performance 401(k) program with employer match Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off! RCU Discounts and Perks: RCU employees are eligible for a .75% discount off RCU standard collateral auto loans RCU employees are eligible for a 1% discount on all recreational or boat loan products 2% discount off Visas and LOC Loans through RCU 0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000. 0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000. 0% interest on garment, fitness, or home office equipment loan of up to $500 100% financing for employee purchased homes! Internal Team Members If you are a current Team Member, please apply through the internal careers page located in RCUNET. We are an Equal Opportunity Employer
Redwood Credit Union is looking for a Mortgage Underwriter who will be responsible for reviewing all mortgage loan applications to ensure completeness and compliance with secondary and/or portfolio lending guidelines and policies. Essential Functions: Loan File Management Approve loans and make recommendations for loan approval up to established limits. Within department timelines, review loan files for accuracy, completeness and compliance. Review all denied loans for possible lending options to benefit the Member. Educate staff on changes to loan requirements. Identify cross sell opportunities that will benefit the Members and RCU. Ensure confidentiality and safeguard sensitive Member financial information. Recognize and evaluate the loan process and recommend changes that will help maintain maximum efficiency. Review and maintain all product guidelines to ensure accuracy with changes in the industry and changes in RCU loan policies. Audit first mortgage loan files to ensure completeness prior to funding. Develop operational and procedural changes necessary to address any issues or problems noted in quality control reports. Special Projects and Other Functions Provide exceptional service to all Members, volunteers, employees and service providers. Compose and type letters, memos and reports for staff and Members as needed. Research and resolve Member or employee concerns as directed. Represent RCU in a courteous and professional manner at all times. Research and evaluate products that other institutions are offering and recommend those that will benefit the Members and RCU. Develop and organize training material to cross train mortgage lending staff on all aspects of underwriting. Provide general assistance in completing tasks and projects. Prepare loan reports as required. Cross train as necessary in order to provide backup in document drawing and funding. Minimum Qualification: Knowledge, Skills and Abilities Knowledge and understanding of all mortgage loan products offered by RCU; we currently offer prime first mortgages, fixed seconds, and HELOC's. Knowledge of real estate principles, practices, rules, regulations, and sale practices. Knowledge of investor guidelines and compliance requirements Skill in the operation of personal computer with Intranet/Internet access and other office equipment. Skill in the use of Internet-based loan origination software. Skill in the use of Fannie Mae Desktop Underwriter. Ability to communicate effectively both verbally and in writing. Ability to establish and maintain effective working relationships with a diverse group of people. Ability to act independently and confidentially, using discretion and tact. Ability to analyze situations and recommend workable solutions. Ability to coordinate a variety of activities simultaneously and prioritize work. Physical Requirements Ability to stand, bend, stoop, sit, walk, twist, and turn. Ability to lift up to 15 pounds. Ability to use a computer keyboard and calculator. Work environment is indoors; majority of the time is spent sitting at a desk. The ideal candidate has a combination of education and experience equivalent to high school diploma and four years experience in mortgage loan origination or two years as a designated underwriter. Compensation: Base starting range: $38.00 to $50.00 per hour commensurate with experience. Our base salary starting range is based on scope and responsibilities of the position, candidate's work experience, education/training, key skills, and internal peer equity. We offer a competitive total rewards package including a wide range of medical, dental, vision, financial, and other benefits. Redwood Credit Union offers a robust benefits package to our eligible employees including: Competitive medical, dental, and vision insurance, mental health offerings Employee performance incentive plan Salary Advancement Merit increase based on performance 401(k) program with employer match Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off! RCU Discounts and Perks: RCU employees are eligible for a .75% discount off RCU standard collateral auto loans RCU employees are eligible for a 1% discount on all recreational or boat loan products 2% discount off Visas and LOC Loans through RCU 0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000. 0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000. 0% interest on garment, fitness, or home office equipment loan of up to $500 100% financing for employee purchased homes! Internal Team Members If you are a current Team Member, please apply through the internal careers page located in RCUNET. We are an Equal Opportunity Employer