What are the responsibilities and job description for the Mortgage Loan Underwriter position at NOBLE FEDERAL CREDIT UNION?
Job Details
Description
Summary: This position serves as the primary underwriter for first mortgage and equity loan products, reviews mortgage file information to make a credit decision within established guidelines, loan limits, policies and procedures and according to investor guidelines. In this role, they will use judgement and discretion in making decisions and provide ongoing feedback of mortgage loan files to the Mortgage Manager.
Essential Duties and Responsibilities:
Serve as primary underwriter for mortgage products and possess the ability to underwrite files of differing levels of difficulty and complexity.
Analyze credit, assets, title disposition, various types of income including tax returns, property valuations and recognize risk factors that compromise the overall loan file.
Review mortgage loan applications and related underwriting documentation for completeness and adherence to established standards, applicable state and federal laws and according to secondary market and portfolio underwriting guidelines.
Ensure that complete and factual information appears on mortgage applications and in the origination software system.
Maintain thorough knowledge and understanding of loan origination software system, automated underwriting and pricing systems.
Prioritize and manage workflows to ensure all required tasks are handled timely and service level expectations are met.
Communicate decisions and stipulations to lending staff and collaborate with them to address any issues that arise within files.
Required to maintain knowledge and understanding of secondary market and credit union portfolio underwriting guidelines and practices.
Keep informed of the latest changes and trends in consumer protection laws, mortgage rules/regulations, bankruptcy laws, and current Credit Union policies and procedures.
Keep management informed of situations relating to risk management and loss prevention.
Perform all other related duties as assigned.
Supervisory Responsibilities: This job has no supervisory responsibilities.
Qualifications
High school diploma or general education degree (GED); two-four year college degree preferred. Two-four years mortgage lending experience and/or training; equivalent combination of education, experience or training. Mortgage underwriting experience preferred. Financial or mortgage institution experience required. Spanish speaking preferred.
Salary : $30 - $45
