What are the responsibilities and job description for the Mortgage Lending Underwriter II position at Ascend Federal Credit Union?
About Us:
Ascend is the largest credit union in Middle Tennessee and one of the largest credit unions in the United States, with over $4 billion in assets. With an occupation-based field of membership, Ascend is focused on the expansion and diversification of the select employee groups it serves, which creates greater security for the credit union and its member-owners. Approximately 650 employees serve more than 260,000 members from 28 Middle Tennessee branch locations, Regional Operations Center, Teller Center and Corporate Headquarters. Ascend recognizes that its employees are critical to the credit union’s sustained success and future growth. Our employees are the face of the credit union and their personal successes fuel the success of the team. Through collaboration between employees, management, our membership and our Board, we fuel an engine that propels the credit union forward.
What We Offer:
Thank you for your interest in a career with Ascend Federal Credit Union! Being employed by Ascend is vastly different than just holding a job. The credit union prides itself on providing employees rewarding career opportunities, competitive benefits and a unique work culture. The credit union’s commitment to its employees is fostered by its commitment to the member-owners, ensuring dedicated and engaged employees to serve the membership. Ascend’s vision to be the most loved credit union in our market by employees and members alike has earned the credit union distinctions including Federal Credit Union of the Year (NAFCU, 2015), Best Credit Union to Work For (2016-2023) and Training APEX Awards (2015-2024).
Overview:
Responsible for reviewing and underwriting mortgage and home equity loans. Identify, analyze, and evaluate loan risks and compensating factors, and ensure the marketability of closed loans and the safety of credit union assets. Approve, suspend, or deny loan applications. Ensure that loans are approved within the terms of the credit union's standards and procedures, regulatory underwriting guidelines, and FHA, VA, and other secondary market requirements. Provide prompt, quality service to the originating and processing staff in a friendly and professional manner. Evaluate the risk of residential mortgage loans on a timely basis based on sound underwriting decisions.
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Responsibilities:
- Review appraisals and ensure that risks are appropriate and meet all guidelines of the applicable loan type.
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- Review private mortgage insurance for applicable loans.
- Complete all underwriting functions in accordance with various program requirements, credit union standards, and related legal and regulatory requirements. Complete related documentation and reports. Maintain files and ensures their completeness.
- Ensure that all lending conditions have been satisfactorily met prior to closing. Ensure the marketability of closed loans and the safety of credit union assets.
- Establish and maintain effective communication and coordination with credit union personnel and with management by assisting and supporting credit union personnel as needed. Answer questions of Mortgage Lending personnel regarding policies and procedures.
- Keep management informed of area activities and of any significant problems
- Attend and participate in meetings and committees as required
- Establish and maintain professional working relations with credit union personnel, external lending professionals and governmental agencies.
- Convey correct information regarding loan policies and procedures.
- Maintain the credit union's professional reputation.
- Maintain and update knowledge of underwriting requirements and policies, and investor guidelines.
- Stay informed of modifications and updates in software applications.
- Complete special projects as assigned.
- Provide suggestions for improvements in underwriting policies and procedures.
- Read all internal publications including HUB and Possibilities.
- Perform other duties as required or assigned.
Education
- Four year college degree in accounting or finance, or equivalent experience
Work Experience
- 3-5 years of mortgage underwriting experience including FHA, VA, and Conforming loans is required
Knowledge, Skills, and Abilities
- Advanced knowledge of real estate values and credit analysis.
- Must be able to independently form and defend credit decisions and be able to formulate and articulate underwriting conclusions.
- A high level of problem solving and mathematical skills, and the ability to communicate in a clear, concise manner.
- A high degree of poise and tact to represent the credit union positively in outside contacts.
- Excellent verbal and written communication skills to communicate professionally.
- Effective organizational and analytical skills with high degree of computer literacy and fluency in various Microsoft programs as well as standard spreadsheet tools.
- Ability to operate or have ability to be trained to operate related office equipment, including calculator, computer terminal (PC), multifunction copier, receipt and check printers, telephone and typewriter.
- FHA Direct Endorsement Underwriter designation desired.
- VA Staff Appraisal Reviewer (SAR) designation desired.
- Regular and reliable attendance is required.
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Ascend Federal Credit Union is an Equal Opportunity Employer.
