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Role Description

As a Jr. Mortgage Underwriter you will be responsible for underwriting first and second mortgages within allocated approval authority, working closely with the Loan Officers and Loan Processors. This position requires the ability to work in a fast-paced environment, strong time management and communication skills, and attention to detail.

• Assures that all mortgage loan files are underwritten (within level of authority) in compliance with secondary market guidelines, specific program guidelines, Credit Union policies, and regulatory requirements.
• Supports initial underwriting reviews outside of authority limits, by performing preliminary review to structure and prepare file.
• Once file is conditionally approved, reviews and updates file to issue most up-to-date Conditional Approval letter to the borrower and broker partner.
• Supports and/or performs final underwriting reviews, evaluating support for required conditions and clearing within approval authority.
• Monitor pipeline daily to identify files ready for disposition (withdrawal or denial), ensuring accurate selection and within regulatory requirements.
• Generates and/or ensures timely generation of required documentation, notices and disclosures.
• Reviews and evaluates loans to ensure data integrity of the loan files throughout.
• Monitors daily mortgage pipeline to identify areas that require intervention in order to expedite the mortgage process and takes action accordingly.
• Works with outside vendors and service providers to facilitate the loan process.
• Supports and fulfills Management requests related to audit preparation, sale preparation, HMDA reporting and more.
• Functions as a business lead on departmental or organization wide projects.
• Contributes expertise in his/her assigned area and executes certain deliverables on the project.
• Actively works with management and staff seeking process improvements to automate and/or streamline operations and maintain adequate controls.
• Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners and vendors.
• Keeps abreast of industry developments including, but not limited to changes in regulations and technology.
• Ensures adherence to company policies and procedures and Banking/Credit Union Regulations.
• Performs additional duties as required.

Qualifications

• Bachelor’s degree in finance, business administration or other related degree preferred; will consider experience in lieu of degree.
• Minimum of two years of related experience at a credit union, bank or other financial institution.
• Must have hands-on experience with Encompass within the last 12 months, demonstrating proficiency in mortgage loan origination systems and underwriting processes.
• Knowledge of mortgage process from origination to post-closing.
• Excellent problem-solving, organizational, analytical, verbal and written communication skills.
• Strong decision making and time management skills with the ability to manage multiple projects/duties.
• Results driven, service oriented, self-motivated and able to work independently.
• Detailed knowledge of secondary market guidelines. Some knowledge of regulatory guidelines and issues.
• Comply with all requirements for Mortgage Loan Originators set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS.
• Trustworthy with the ability to maintain highest level of integrity and trust.
• Proficiency in Microsoft Office, specifically Word, Excel and PowerPoint. Related experience with loan origination systems.

Requirements

• Stable internet connection with speeds high enough for video conferencing and screen sharing.
• Smartphone with current iOS/Android OS.
• Prolonged periods sitting at a workstation and working on a computer.
• Ability to communicate with coworkers and customers via email, chat, teleconference, and/or phone.

Benefits

• Excellent health insurance packages with a Health Reimbursement Account option.
• Life, AD&D, Short-Term Disability and Travel Insurance.
• 401k plan with company match dollar for dollar up to 6 percent.
• Generous time-off policy with paid time off (PTO), volunteer time off (VTO), birthday PTO, and company-observed holidays.
• Monthly stipend for wellness activities and mental health.
• Tuition reimbursement.
• Pet Benefits, including insurance, discounts, “pawternity” PTO day, and more.
• Bonus/commission plan for qualifying roles.
• Employee perks (including mortgage discounts!).
• PTO purchase and sell-back programs.
• Rewards and peer recognition programs.
• Trust-based, outcome oriented remote work environment for most roles.