Senior Mortgage Loan Underwriter
|Jan. 04, 2016 - Dec. 20, 2018|
|Benefits:||Quarterly Bonus, Benefits|
|Department:||Elevations Credit Union|
|Description:||Elevations Credit Union has grown over the last 60 years through the spirit of cooperation, active participation in the global credit union movement and by taking a supportive role in the communities we serve.|
In 2014, Elevations was one of four US organizations to be named a recipient of the prestigious Malcolm Baldrige National Quality Award for performance excellence in innovation, improvement and visionary leadership.
The Mortgage Underwriter underwrites all mortgage loan requests to be compliant with secondary market guidelines and internal policies set by credit union.
This Job Description is not a complete statement of all duties and responsibilities comprising this position.
Candidates for certain positions may be required to submit to a credit history report in determining qualification for employment with Elevations Credit Union. If the position you are applying for requires a credit history report, any information received in such report will be not be the sole factor in making an employment decision. A history of personal financial irresponsibility may be reason for disqualification insofar as it relates to your potential job duties.
Elevations Credit Union is aware that occasionally there are extenuating circumstances that may affect an individual's credit history. We comply with the Fair Credit Reporting Act and the Colorado Employment Opportunity Act.
Reviews loan documentation provided by Loan Originators and Loan Processors and coordinates attainment of missing information and documentation
Verifies accuracy of loan data
Underwrites loans in compliance with FNMA/FHLMC standards and Elevations portfolio guidelines
Communicates loan decisions and additional requirements to Loan Originators and Processors
Updates staff regarding new regulations and compliance
Prepares and executes periodic internal training on various underwriting issues
Conducts pipeline reporting and management
Answers questions from staff and reviews special scenarios with loan originators
Meets with loan committee to review risk on certain loans
Works with Credit Risk to determine acceptable guidelines for loan programs
College degree preferred
Structured external or internal training in mortgage underwriting
Knowledge, Experience & Skills
5+ years experience in processing, underwriting and quality control reviews in residential mortgages
Excellent communication and presentation skills
Experience with FNMA Desktop Underwriter, FHLMC Loan Prospector, LOS information systems and Pipeline processing systems
Sales experience or Secondary Market knowledge helpful
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