What are the responsibilities and job description for the Real Estate Loan Underwriter position at STATE DEPARTMENT FEDERAL CREDIT UNION?
At State Department Federal Credit Union, our members are our number one priority. We strive to satisfy their financial needs by offering a variety of products and services at reasonable rates and delivering exceptional experiences while building lasting relationships.
We are looking for talented people who exhibit passion for helping others and a desire to be a collaborative team member.
BENEFITS OF WORKING AT STATE DEPARTMENT FEDERAL CREDIT UNION INCLUDE:
- Working for a diverse and inclusive organization that values and respects team members.
- Work from Home Options
- 401k with 3% employer match plus an additional Safe Harbor Employer Contribution
- Generous Paid Time Off
- Tuition Reimbursement
- Commute/Parking Incentive Plan
- Comprehensive Medical, Dental and Vision Insurance Package
- Gym Reimbursement
- Company and Team Bonding Events
SDFCU is seeking a Mortgage Loan Underwriter whose role it will be to analyze loan requests and make credit decisions based on mortgage lending policies and procedures.
SKILLS AND COMPETENCIES
- 5 years of experience underwriting conforming and non-conforming mortgage loans
- college degree preferred but not required
- working knowledge of conventional financing guidelines set by Freddie Mac and Fannie Mae, the Fair Housing Act and Consumer Protection Laws such as FCRA, ECOA and TRID.
- effective interpersonal, verbal and written communication skills
- excellent organizational skills and attention to detail
- ability to use sound judgment and diplomacy
- Microsoft Office, especially Excel, Windows and Mortgage loan processing software, FICS and Freddie Mac Loan Prospector preferred.
JOB DUTIES/RESPONSIBILITIES
- Underwrite first mortgages that conform to State Department Federal Credit Union (SDFCU), National Credit Union Administration (NCUA) and Secondary Marketing regulations and guidelines.
- Interpret and apply established guidelines of the various secondary marketing investors, government agencies and investors to determine credit worthiness of borrowers and the integrity of submitted documents.
- Ensure mortgage loans are in compliance with federal, state and local laws and regulations
- Evaluate income documentation, title work and appraisals to determine the acceptability and marketability of the loan to ensure there is sufficient evidence to move forward with approvals.
- Exercise prudent lending practices to minimize the financial risk to the Credit Union.
- Assist in the resolution of underwriting problems by providing alternative methods and loan programs
- Verify application and HMDA data
- Prepare reports for management or government agencies as needed
The above information has been designed to indicate the general nature and level of work performed by the Mortgage Loan Underwriter. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required.
