Senior Mortgage Underwriter

Position Information

Reports To
:
Vice President of Real Estate Lending and Servicing

Position Title
:
Senior Mortgage Underwriter

Job Grade
: N10

Pay Range
: $28.74/hour - $43.11/hour, Non-Exempt;
Dependent on experience

The Senior Mortgage Underwriter is responsible for underwriting first mortgage, second mortgages, HELOCs, and portfolio real estate loan products in accordance with agency, investor, regulatory, and internal credit union guidelines. This role ensures member-focused lending decisions that balance risk management with service excellence. The Senior Mortgage Underwriter handles complex loan scenarios, mentors and educates staff members, and supports the credit union’s core values to improve the financial well-being of our members.

• Underwrites and decisions residential mortgage loans in accordance with FNMA and internal Credit Union guidelines to ensure compliance with Credit Union and investor standards within his/her authority.
• Evaluates income, assets, credit, collateral, and compliance documentation to ensure accuracy and completeness.
• Renders credit decisions (approval, counter offers, suspense loan files and denial) with strong risk assessment and alignment to credit union policies.
• Identifies and recommends alternative loan solutions.
• Maintains a commanding knowledge of regulatory compliance, trends, and methodologies affecting all loan products and services.
• Performs all income analysis for qualifying borrowers to include self-employed borrowers. Comprehensive understanding of income tax documentation including but not limited to sole proprietor ships, S-corps, C-corps, partnerships, and Limited Liability Corporations is required.
• Review appraisals and collateral documentation for accuracy and acceptability.
• Issue clear, appropriate and consistent conditions to ensure high-quality loans with minimum rework.
• Possesses time management skills and the ability to organize, prioritize, perform multiple tasks simultaneously; handle multiple projects and meet deadlines.
• Shows an ability to adapt to market, regulatory, agency and investor requirement changes.
• Performs other duties assigned including, but not limited to, special projects requiring extensive knowledge of Credit Union and department operations, policies and procedures, and safety/compliance.
• Performs other duties as assigned.

• High School Diploma or equivalent is required.
• Either a minimum of 10 years’ experience in mortgage loan underwriting in a financial institution, or a bachelor’s degree in finance, business, or another related field required plus 5 years mortgage loan underwriting experience in a financial institution, is required.
• Must have current knowledge of state and federal regulations together with a strong working knowledge of FNMA, and FHLMC guidelines and standards.
• Proficiency in computer programs (e.g., Microsoft Office Word and Excel).
• Ability to analyze complex tax returns skills required.
• Ability to work effectively at a fast pace and adapt to change.
• Excellent written and oral communication.
• Proficiency with Ellie Mae or Meridian Link Mortgage required.
• Must be goal oriented.

• Work in an office environment, requiring the use of office equipment, such as personal computers.
• Must be able to frequently move around the office to perform lending activities.