What are the responsibilities and job description for the Mortgage Underwriter-Hybrid position at Align Credit Union?
Role:
Support the underwriting team with clearing conditions and adverse action loans. Serve as a liaison between the processors and underwriters. Work with Residential Lending team to provide unparalleled member service.
Essential Functions & Responsibilities
Gather and verify documents in loan files, such as credit reports, loan applications, title policies, appraisals, and financial statements are current and accurate. Review and analyze documentation provided on each loan including the 1003, credit report, income and asset documentation, purchase agreement, title report, etc. to assist the underwriting team to make an informed lending decision in compliance with secondary market guidelines and loans that are not saleable but a good credit risk for the credit union
Assist in the daily pipeline management to ensure deadlines are met and timely submission of files/conditions to the underwriting team. Work with processers to ensure a focus on meeting rate lock expirations, mortgage commitments and department standards and turn-around times.
Review all loan applications and disclosures for any discrepancies and regulatory compliance guidelines. Work with the underwriting team to perform credit analysis and determine repayment probability using secondary market guidelines. Sign off on preapproved underwriting loan conditions according to underwriting guidelines and assigned underwriter.
Reviews loan applications for qualifications consistent with appropriate Align policy, procedures, and guidelines. Recommend approvals or rejections to the underwriter for loan applications and or requests additional information from member/processor/loan originator.
Serves as a resource to originators, processors, and branches with questions regarding processing and member eligibility. Responsible for internal employee mortgage processing training.
Prepares loans for final underwriting approval and satisfies underwriting conditions in a timely manner. Secures supervisor or managers approval if required. Maintains a weekly status report on all files.
As needed, performs follow up on pending loan applications by contacting members or other persons to obtain needed information such as a Verification of Employment (VOE), resolve discrepancies, update member(s) on all application process and timing, etc.
This position is hybrid and requires 1-2 days per week in-office.
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