Underwriting & Purchasing Team Leader

Member First Mortgage is seeking an Underwriting & Purchasing Team Leader to join our growing Underwriting and Purchasing team. This is an excellent opportunity to join our award-winning team which has been recognized as Best and Brightest companies to work for in the nation! This role is responsible for assisting in directing daily tasks of the underwriting and purchasing team and reviewing mortgage loan applications and rendering decisions within internal and regulatory guidelines.

Founded on the credit union philosophy of 'People Helping People', we have become the trusted full-service mortgage provider to over 200 credit unions across the U.S. This philosophy, along with our core values of honesty and integrity, make careers with Member First Mortgage dynamic and rewarding through our friendly and family-oriented culture that is dedicated to the growth and success of our employees.

Benefits We Offer:

• Generous and competitive healthcare packages
• Employer paid short-term and long-term disability
• Employer paid Life Insurance
• 100% Employer paid Vision
• 401K Plan with match
• 20 days PTO - no waiting periods!
• Fun, laid back, and collaborative team environment.

Responsibilities:

• Assists in directing the daily activities of the underwriting and purchasing team. Trains and answers questions. Makes loan exceptions to individual loan files. Assigns the underwriting queue. Assigns conditions daily and expedites rush files when necessary. Alerts VP of Underwriting of any uncompleted team assigned work or issues. Makes exceptions to files. Assists with Credit Union staff and/or training. Leads special projects and assignments, such as system conversions. Attends Manager Meeting if Manager cannot attend. Assigns denials daily. Answers individual email box, purchasing inbox, and underwriting scenario email box in a timely manner. Keeps a positive attitude.
• Determines the adequacy of income to meet expected financial obligations. Ensures potential borrower assets meet closing requirements and are derived from acceptable sources. Examines potential borrower credit and reviews the manner in which obligations have been met and managed. Investigates derogatory applicant credit.
• Reviews appraisals and ensures determined values are well documented, risks are appropriate and meet all guidelines of the applicable loan type. Reviews appraisal comparable. Sets conditions for property inspections if repairs are needed.
• Evaluates and assesses the collateral and capacity of mortgage loans.
• Approves or rejects loan application or requests additional information. Records loan rejection, specifying investor and company guidelines and basis for declining application.
• Completes all underwriting functions in accordance with various program requirements, company standards, and related legal and regulatory requirements. Maintains knowledge of underwriting and purchasing requirements and policies, as well as investor and governmental guidelines. Stays informed of modifications and updates in software applications.
• Confirms documentation, reports and files are complete and accurate. Certifies that all lending conditions have been satisfactorily met prior to closing. Keeps management informed of area activities of any significant problems and provides suggestions for improvements in underwriting and purchasing policies and procedures.

Experience: Eight years to ten years similar or related experience.

**DE designation required**

Education: (1) A two year college degree or (2) Completion of a specialized course of study at a business or trade school or (3) Completion of a specialized and extensive in-house training or apprenticeship program.

Work Environment: While performing the duties of this job, the employee regularly works in an office and/or remote office setting.

Other Skills:

• Full knowledge and understanding of FHA/VA/USDA/CONV lending
• Working knowledge of financial statements, credit reports, tax returns and appraisals.
• Knowledge of lending programs, policies, procedures, and standards
• Possesses sound judgement
• Ability to communicate clearly and effectively, both verbally and in writing.
• Decision making/analysis skills
• Accountability and organizational skills
• Solid time management skills to set priorities and meet deadlines
• Ability to work independently
• Attention to detail
• Proficient in Microsoft Excel, Outlook and general PC applications
10 key and word processing skills

Physical Requirements: While performing the duties of this job, the employee is regularly required to sit, stand, and walk. The employee must occasionally lift and/or move up to 10 pounds. The employee is frequently required to spend extended hours in front of a computer screen, to use hand to finger, to speak in and listen carefully on the telephone.

If you are looking for a company that is dedicated to your success and is ethically motivated to provide exceptional member service, we encourage you to apply!