POSITION SUMMARY:
To underwrite mortgage loans from applications received from loan originators to obtaining conditional and final approval. Assure compliance with regulatory and investor guidelines including, but not limited to, RESPA, HUD, FHA, VA, FNMA/FHLMC, USDA guidelines and underwriting standards set by Premier Members Credit Union. As an underwriter, you will be expected to demonstrate a sense of urgency, willingness to work closely with others and be part of a team. You will be expected to review all necessary appraisals, title and tax certificates, credit documents, mortgage insurance, flood and hazard insurance, HOA certificates, payoff statements, income documents and all 3rd party documents, subordination agreements and other documents as required. Maintain knowledge of regulatory changes, external and internal compliance requirements as it applies to the loan process to ensure loan salability. Mortgage Underwriters should adhere to all federal and state laws and regulations as it pertains to the loan process, including the Bank Secrecy Act.

ESSENTIAL FUNCTIONS:

• Live our mission and corporate philosophy on a daily basis: Build Relationships and Add Value Everyday – B.R.A.V.E.
• Build member relationships that deliver value and demonstrate that we care.
• Negotiates and works to resolve problems with processors and loan officers to get a loan to work and fit within guidelines and program changes.
• Communicates effectively with Mortgage Operations Manager and other appropriate positions when service levels are at risk.
• Identifies issues and recommends areas for improvement.
• Communicate with other departments including but not limited to: Mortgage Sales, senior management, and other support departments.
• Analyze, assess, and decision mortgage loan applications for Conventional, FHA, and VA according to guidelines.
• Responsible for the review of all loan documentation to ensure accuracy, completeness, and compliance with internal, regulatory, mortgage insurance and investor guidelines to render loan decisions in a timely, accurate manner.
• Analyze loan documents (credit reports, income documentation, tax returns, assets, appraisal report, title reports, insurance documents, fraud prevention products, and purchase contract) for accuracy, completeness, and deliver sound credit decisions.
• Understanding and continued education of all internal and external policies and procedures, federal and state laws, insurer requirements, and investor guidelines.
• Notify processor and loan officer of decisions made. Approve loan in accordance with appropriate terms and conditions, counteroffers if the term does not meet company lending standards and guidelines, or denies the loan.
• Multi-task, working on numerous loans throughout the day, moving back and forth between multiple responsibilities dependent on the status of the loan.
• Participate in compliance with process and procedures, as well as maintaining high customer service levels for internal partners and customers.
• Recommend suggestions for improving efficiencies within the department by monitoring and identify trends, best practices, and regulatory developments.
• Develop and maintain a strong understanding of mortgage lending products, policies, processes, and required documentation for investors.
• Ensure all loans are closed in strict accordance with all guidelines.
• Approves and reviews loans and clears all conditions and meet all applicable SLA’s set by management.
• Develop and maintain positive working relationship with co-workers, internal and external clients/business partners, and vendors.
• Work independently with minimal supervision.
• Exercise appropriate judgment when seeking guidance, support, and/or direction.
• Responsible for related functions as required or assigned.
• Maintain member and Credit Union privacy, security, and confidentiality.
• Mortgage Underwriters will adhere to all federal and state laws and regulations as it pertains to the loan process, including the Bank Secrecy Act.

QUALIFICATIONS

Education/Certification:

• High school diploma or equivalent required,
• Associate's or Bachelor's degree preferred
• Must have DE # from FHA and SAR/LAPP approval from VA,

Experience Required:

• 5+ Years underwriting experience of Conventional, FHA, VA loans,
• 2+ Years of knowledge of FHA and VA manual insuring procedures and processes,
• Experience and knowledge of FNMA/FHLMC/FHA/VA guidelines and delivery applications,
• Ellie Mae Encompass experience preferred,

Knowledge Required:

• Thorough understanding of mortgage lending guidelines, laws, regulations, and compliance,
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products,
• Thorough knowledge of loan processing procedures, credit policies, approval processes, loan documents knowledge, underwriting requirements per loan type, governmental and agency requirements, terminology, and automated processing systems knowledge,

SKILLS/ABILITIES:

• Must have strong judgment and decision-making skills,
• Must have excellent communication skills,
• Operates effectively in a team environment as well as independently,
• Perform any additional duties/activities assigned or needed by the business strong competence and continued education of technical systems (Encompass, DU, LP, etc..) used to perform the duties of the position,

• The role requires an extensive mortgage background, critical thinking skills, and the ability to solve problems as they develop,

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.

The Credit Union believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors.

Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.

This Job Description is not a complete statement of all duties and responsibilities of this position and may change with or without notice.