What are the responsibilities and job description for the Mortgage Loan Underwriter position at Eastman Credit Union?
Eastman Credit Union is seeking a Mortgage Loan Underwriter. Preferred candidates would have several years of Mortgage experience. The Mortgage Underwriter will review, analyze, and decision mortgage and home equity loans taking measured risk to ensure prudent lending decisions that are acceptable to policies and guidelines.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
- Underwrite mortgage loans by making sound lending decisions and complying with ECU policies, guidelines and procedures to also include any secondary market or government requirements to ensure loan standards are met
- Maintain knowledge of secondary market guides and government guides along with our many in-house products offered to include:
- FNMA, VA, FHA, USDA products
- Specialty products to include First Time Homebuyer, Purchase Plus, Construction, Select, Choice, mortgage insurance products
- Stay abreast of any regulatory changes and changes from Federal National Mortgage Association, Veterans Affairs, Federal Housing Authority and United States Department of Agriculture as part of the USDA Rural Development Guaranteed Housing Loans programs and private mortgage insurance company restrictions.
- Keep abreast of compliance
- TILA/RESPA
- ECOA (Equal Credit Opportunity Act- Regulation B)
- Adverse Action including Notice of Incomplete
- Fair Housing
- HMDA (Home Mortgage Disclosure Act)
- Right to Financial Privacy
- Fair Credit Reporting Act/FACTA
- Flood Insurance Notification
- Right to Financial Privacy
- Regulation Z –
- High-Cost Mortgages
- Higher Priced Mortgages
- Ability To Repay/Qualified Mortgage
- Right of Rescission
- Review and decision outside requests of subordinations or partial releases for existing loans
- Assist in testing mortgage system as needed to include any implementations of regulatory changes or updates
- Serve as resource for mortgage staff in a courteous and professional manner
- Review estimated closing dates and ensure underwriting decisions occur in a timely manner
- Actively participate in Mortgage Lending Team meetings and other mortgage activities
- Demonstrate exceptional attendance and punctuality practices
