Sr. Mortgage Underwriter (FHA/VA)

$1000 HIRING BONUS FOR ALL NEW EMPLOYEES*

• $1000 to be paid out 90 days after start date.

As The Artisans of Banking, we strive to be B.R.A.V.E. (Build Relationships & Add Value Everyday). We recognize that in order to meet the needs of our communities, we must represent our communities. Our success relies on creating a culture where we have diverse perspectives and a true sense of belonging. This is a journey, and we pledge to do more than simply check the box.

When you join our Premier Members team, your benefits will include:

• Comprehensive medical insurance plan that has HRA, HSA, and FSA options
• Dental and vision insurance
• Generous paid-time-off
• 11 paid holidays
• Annual bonus
• 401(k) plan with a 5% match
• Wellness program
• Tuition assistance
• 1% employee loan discount
• Employee Assistance Program (EAP)
• Life and disability coverage

What sets working for Premier Members apart?

• Career development and pathing opportunities to move into leadership roles or other lines of business within PMCU such as Commercial Lending, Finance, Marketing, Underwriting, Member Solutions, Training, Human Resources, and more.
• Supportive and engaging work environment.
• A wellness and sustainable work culture that puts family, Mother Nature, our community, and your health first.
• A work environment that encourages personal as much as professional growth, teamwork to make the dream work, and treating everyone equally.

Starting Salary $30.01 – $37.51 based on experience

Required Experience

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 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 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 in order 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
• The role requires an extensive mortgage background, critical thinking skills, and the ability to solve problems as they develop.
• 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, counter-offers if the term does not meet company lending standards and guidelines, or denies the loan.
• Strong competence and continued education of technical systems (Encompass, DU, LP, etc..) used to perform the duties of the position
• 2+ Years of Knowledge of FHA manual insuring procedures & processes
• 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 SLAs set by management
• Develop and maintain positive working relationship with co-workers, internal and external clients/business partners, and vendors
• Works 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

Knowledge, Education And Skill Requirements

• High school diploma or equivalent required
• Associate’s or Bachelor’s degree preferred
• 5+ Years Underwriting Experience – Conventional, FHA, VA
• Must have DE CHUMS# from FHA and SAR/LAPP approval from VA
• Experience/knowledge of FNMA/FHLMC/FHA/VA guidelines and delivery applications
• Thorough understanding of mortgage lending guidelines, laws, regulations and compliance.
• Must have strong judgment and decision-making skills and excellent communication skill
• Operates effectively in a team environment as well as independently.
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
• Ellie Mae Encompass experience preferred
• Perform any additional duties/activities assigned or needed by the business

WORKING CONDITIONS

• Standard office conditions
• Ability to lift 25 pounds in limited situations
• Long periods of computer and member interactions
• May require long periods of standing

This description has been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Essential functions, requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

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.

Benefits

When you join our Premier Members team, your benefits will include:

• Comprehensive medical insurance plan that has HRA, HSA, and FSA options
• Dental and vision insurance
• Generous paid-time-off
• 11 paid holidays
• Annual bonus
• 401(k) plan with a 5% match
• Wellness program
• Tuition assistance
• 1% employee loan discount
• Employee Assistance Program (EAP)
• Life and disability coverage

Keyword: VA