Mortgage Underwriter

America First Credit Union • Roy, UT

1d

About The Position

Responsible for reviewing and underwriting mortgage loans. Identifies, analyzes, and evaluates loan risks and compensating factors, and ensures the marketability of closed loans and the safety of Credit Union assets. Approves, suspends, or denies loan applications. Ensures that loans are approved within the terms of the Credit Union's standards and procedures, regulatory underwriting guidelines, and FHA, VA, and other secondary market requirements. Provides support to Mortgage Department Personnel.

Requirements

• High school graduate. Additional coursework in business or related field.
• Knowledge of financial statements, credit reports, tax returns, and appraisals.
• Full understanding of FHA, VA, and conventional underwriting requirements.
• Knowledge of Credit Union lending programs, policies, procedures, and standards.
• Able to use Mortgage Loan Operating System, FNMA Desktop Underwriter and Secondary guides, and related computer applications.
• Five to ten years experience in mortgage processing, origination and/or closing.
• Excellent communication skills.
• Sound credit judgment.
• Strong math ability.
• Good organizational skills and attentive to detail.
• Able to operate required computer applications, typewriter, 10-key, and other basic business machines.

Responsibilities

• Assumes responsibility for reviewing appraisals and ensuring that determined values are well documented.
• Assumes responsibility for accurately evaluating the credit worthiness of potential borrowers.
• Assumes responsibility for establishing and maintaining effective communication and coordination with Credit Union personnel and with management.
• Assumes responsibility for establishing and maintaining professional working relations with members and external lending professionals and governmental agencies.
• Assumes responsibility for related duties as required or assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 501-1,000 employees