What are the responsibilities and job description for the Mortgage Underwriter - REMOTE position at Quorum?
Who is Quorum
Quorum Federal Credit Union is a modern financial services organization that blends over 90 years of trusted experience with innovative, technology-driven solutions. As a nationally recognized employer of choice (we're Great Place to Work Certified™ and a Fortune Best Workplace in the Country!), we attract and develop top talent, empowering our team to drive the organization forward. We're a human-centered company, committed to creating a positive and enriching work journey while supporting the personal and professional growth of our employees. We appreciate what employees do every single day and stand by our Employee Value Proposition of "Opportunity, Flexibility, Fun. A Career That's Good. For You."
Job Description Summary
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. The Mortgage Underwriter will report to the Mortgage Underwriting Team Lead.
Key Job Responsibilities and Accountabilities
- Assures that all mortgage loan files are underwritten (within level of authority) in compliance with secondary market guidelines, specific program guidelines, credit union policies, and regulatory requirements.
- Utilize comprehensive knowledge and expertise to assess risks associated with first mortgages, self-employment income and renovation loans.
- 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.
- Consistently monitors the daily mortgage pipeline to identify areas that require intervention to expedite the mortgage process and acts accordingly.
- Supports and fulfills Management requests related to audit preparation, sale preparation, HMDA reporting and more.
- Ability to work independently following required guidance provided by management, while also supporting management and providing guidance and support to junior underwriters as needed, sharing insights and best practices to enhance team performance.
- Actively works with management and staff by demonstrating daily proactive planning and seeking process improvements to automate and streamline operations while maintaining adequate controls.
- Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners and vendors.
- Keeps abreast of industry developments including, but not limited to changes in regulations, market conditions, current disaster locations and technology.
- Ensure compliance with all applicable federal and state regulations by maintaining an active and valid NMLS license, and completing necessary continuing education requirements as mandated for the role.
- Ensures adherence to company policies and procedures and Banking / Credit Union Regulations.
- Performs additional duties as required.
Job Requirements, Competencies, and Skills
Environmental / Physical / Mental Requirements
Compliance / legal requirements
We are not able to consider candidates for this role who reside in Montana, Nebraska, Rhode Island, or Puerto Rico
Salary Range : $75,000 to $85,000 annually. Individual salary will vary based on skills and experience. Discretionary incentive compensation may be available based on company and individual performance.
Benefits : Medical, Vision, Dental, Retirement Benefits, and Paid Time Off (PTO)
LI-Remote
LI-Remote
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Salary : $75,000 - $85,000
