Underwriter - Home Equity

Job Description

Job Description

About Us :

At USALLIANCE, we pride ourselves on innovation, teamwork, training and development and career planning. As part of our team, you will have the opportunity to grow both personally and professionally in an inclusive and supportive environment. Represent USALLIANCE in the community and form lasting relationships with our members and partners.

About This Role :

As the Home Equity Underwriter you would evaluate, process, and approve applications for home equity loans, analyzing financial information and property valuations. You would assess credit profiles, ensure compliance with regulations, and communicate with applicants and loan officers.

Key Responsibilities :

• Analyze information to determine risk involved in lending money for home equity lines of credit (HELOC) is correct, complete and in the loan file; that the information has been correctly calculated.
• Provide direction and guidance to internal and external stakeholders for documentation and processing quality; ensure file conforms to guidelines.
• Review appraisal and automated valuation models to ensure value of collateral is sufficiently documented and appraiser has correctly completed forms.
• Ability to calculate income as allowed by FNMA guidelines.
• Making decision to either deny loan or, depending on the loan’s attributes, approve loan or make recommendation to approve loan.
• Review underwriting decision, reasoning (logic), and conditions or counteroffer with appropriate parties.
• Keep current on regulations and guidelines including being adaptable to Credit Union policy and procedure changes to meet changes in regulations and assess credit risk.
• Assume additional duties as they arise, cross-train within the department, and be responsive to the department.

Who You Are :

What We Offer :

Become a part of a team where your ideas are valued, your growth is supported, and your work makes a difference. Apply today and take the next step in your career with USALLIANCE.

EQUAL OPPORTUNITY EMPLOYER

USALLIANCE Federal Credit Union, as an Equal Opportunity Employer, values and supports the diverse cultures, perspectives, skills, and experiences within our workforce.

This job description is for informational purposes only and should not be construed as a complete listing of the job responsibilities and requirements. This job description may be modified at any time, for any reason, at the sole discretion of management.

In the spirit of pay transparency, we are excited to share the base salary range for this position is $68,000 - $74,000 , exclusive of fringe benefits or potential incentives. This position is also eligible for an annual corporate bonus. If you are hired at USALLIANCE Federal Credit Union, your final base salary compensation will be determined based on factors such as skills, education, and / or experience. In addition to those factors, we believe in the importance of pay equity and consider the internal equity of our current team members as a part is any final offer. Please keep in mind that the range mentioned above is the full base salary for the role. Hiring at the maximum of the range would not be typical to allow for future and continued salary growth. We also offer a generous compensation and benefits package.

All positions must adhere to standard BSA / AML policies, procedures, and processes. Employees must demonstrate awareness of business functions and how business decisions affect financial and / or non-financial work results.

Salary : $68,000 - $74,000