Senior Mortgage Loan Underwriter

Jan. 04, 2016 - Dec. 20, 2018
Location:Boulder, CO
Salary Range:$56,000-$70,000
Benefits:Quarterly Bonus, Benefits
Type:Full Time
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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