Senior Mortgage Underwriter

Overview

Join Our Team. For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work.

From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.

Summary

The Senior Mortgage Underwriter underwrites mortgage loan applications and evaluates loans to maximize profit and minimize risk or loss. Monitors property appraisal process and assists with property inspections. Assesses risks to determine approval status.

• High school diploma required
• Minimum four years of progressive, hands-on experience in residential mortgage underwriting, including full-file review, risk assessment, and adherence to agency and investor guidelines experience required
• Comprehensive underwriting experience across multiple product types including FHA, Conventional (Agency), Jumbo/Non-QM, VA, and HELOC portfolios required
• Strong understanding of AUS systems (DU/LP) and manual underwriting standards required
• DE (FHA Direct Endorsement), VA LAPP or SAR authority, with demonstrated proficiency in FHA/VA credit and collateral evaluation preferred

Incumbent must comply with the SAFE act provisions and maintain active status in the NMLS Registry. NMLS certification required. Incumbent must possess a unique identifier number. Incumbent must renew registration annually between November 1 and December 31st of each calendar year. Any registration not renewed will become inactive. It is also the incumbent's responsibility to update the registry when applicable such as name change, job or employment changes.

• Underwrites Conventional, FHA, VA, USDA, HELOC, and Portfolio loans with minimal oversight
• Analyzes borrower credit, income, assets, collateral, and title documentation to determine overall loan eligibility
• Ensures all decisions align with Fannie Mae, Freddie Mac, FHA, VA, investor overlays, and internal underwriting policies
• Delivers accurate, clearly documented underwriting decisions and detailed conditions
• Identifies and mitigates credit, compliance, and collateral-related risks throughout the loan review process
• Reviews appraisals and collateral documentation in accordance with USPAP standards and appraisal independence requirements
• Provides guidance, coaching, and support to junior underwriters, processors, and sales staff
• Collaborates with production, processing, and closing teams to resolve complex loan scenarios and maintain efficient workflow
• Meets established turn times, productivity goals, and quality standards while maintaining a strong focus on risk assessment
• Performs other duties as needed upon request from immediate supervisor

• This position is eligible for our annual discretionary bonus program. Some positions within the credit union also qualify for quarterly performance incentives
• Paid time off for vacation, personal days, and holidays
• 401(k) company contribution
• Teachers pays 100% of Dental & Vision premium
• Tuition reimbursement is offered to full-time employees
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The good faith range for this position is $93,250 to $116,250 annually. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility. To learn more about Teachers and to view a full list of our job opportunities please visit https://(Use the "Apply for this Job" box below)./careers

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