Mortgage Loan Underwriter

Job Summary:

Priority First FCU is seeking a Mortgage Loan Underwriter to join our growing team. The Mortgage Underwriter is responsible for underwriting all first and second mortgages within the allocated approval authority. The Mortgage Underwriter reviews the credit, collateral, income, and assets as well as conveying accurate lending decisions to ensure the ability and intent to repay is maintained.

Duties:

1. Assures that all mortgage loan files are underwritten (within level of authority) in compliance with secondary market/FHLB guidelines, specific program guidelines, credit union policies, and regulatory requirements.

2. Utilize comprehensive knowledge and expertise to assess risks associated with first mortgages, self-employment income, construction loans, and government loans.

3. Evaluate and analyze the integrity of the data provided for each loan file and make sound credit decisions within the designated guidelines. Review financial documents, including tax returns, bank statements, and credit reports to accurately determine loan eligibility and repayment capacity.

4. Performs income analysis to calculate wages or self-employed income according to appropriate guidelines or regulatory criteria.

5. Consistently manage the daily mortgage pipeline to meet deadlines and/or identify areas that require intervention to expedite the mortgage process and act accordingly.

6. Will be responsible for ordering reports such as but not limited to, appraisals, verification of employment, and title work.

7. Supports and fulfils management requests related to audit preparation, sale preparation, HMDA reporting, and more.

8. Reviews the appraisal report for accuracy, completeness, and compliance with FHLB, HUD, VA, pr USDA housing standards. Completes required Government forms (VA Notice of Value, FHA Conditional commitment, etc.). Takes action to resolve deficiencies such as per agency standards and procedures. Escalates issues to the agencies as necessary for resolution.

9. Complies with regulations regarding approvals and declinations and notifies MLO within stated time frames for Regulatory B Compliance. Ensures the accuracy of HMDA data and FCRA and ECOA decision reasons on adverse actions.

10. Maintains certifications as required by Government lending programs.

11. Serves as a backup to MLO and Loan Support Specialist as needed.

Experience:

- Five years loan underwriting or Secondary market experience preferred.

- Strong communication skills, both written and verbal

Benefits:

- Competitive salary based on experience

- Health insurance coverage

- Retirement plan options

- Paid time off

-401(K)

If you have the necessary skills and experience for this position, we encourage you to apply. We look forward to reviewing your application!

Job Type: Full-time

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Experience:

• Loan underwriting or Secondary mortgage: 5 years (Preferred)

Ability to Relocate:

• Indiana, PA 15701: Relocate before starting work (Required)

Work Location: In person