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Mortgage Junior Underwriter

Mortgage Junior Underwriter

Ascend Federal Credit UnionMurfreesboro, TN, US
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Mortgage Underwriter

Responsible for reviewing and underwriting mortgage and home equity loans. Identify, analyze, and evaluate loan risks and compensating factors, and ensure the marketability of closed loans and the safety of credit union assets. Approve, suspend, or deny loan applications after reviewing with Mortgage Underwriter or VP of Mortgage Services. Ensure 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. Provide prompt, quality service to the originating and processing staff in a friendly and professional manner. Evaluate the risk of residential mortgage loans on a timely basis based on sound underwriting decisions. May be assigned individual approval authority at increasing levels over time based on performance. #LI-Onsite

Responsibilities

  • Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
  • Review appraisals and ensure that risks are appropriate and meet all guidelines of the applicable loan type. Discuss any discrepancies found with Mortgage Underwriter or VP of Mortgage Services
  • Review private mortgage insurance for applicable loans.
  • Complete all underwriting functions in accordance with various program requirements, credit union standards, and related legal and regulatory requirements. Complete related documentation and reports. Maintain files and ensures their completeness.
  • Ensure that all lending conditions have been satisfactorily met prior to closing. Ensure the marketability of closed loans and the safety of credit union assets.
  • Establish and maintain effective communication and coordination with credit union personnel and with management by assisting and supporting credit union personnel as needed. Answer questions of Mortgage Lending personnel regarding policies and procedures.
  • Keep management informed of area activities and of any significant problems
  • Attend and participate in meetings and committees as required
  • Establish and maintain professional working relations with credit union personnel, external lending professionals and governmental agencies.
  • Convey correct information regarding loan policies and procedures.
  • Maintain the credit union's professional reputation.
  • Maintain and update knowledge of underwriting requirements and policies, and investor guidelines.
  • Stay informed of modifications and updates in software applications.
  • Complete special projects as assigned.
  • Provide suggestions for improvements in underwriting policies and procedures.
  • Read all internal publications including HUB and Possibilities.
  • Perform other duties as required or assigned.

Please note : This job description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the position. The organization reserves the right to modify, add, or remove duties at any time, with or without notice, to meet business needs.

Qualifications

Education

  • Two years of college or equivalent experience. Emphasis in accounting desired.
  • Work Experience

  • 1-3 years similar or related experience is required
  • Knowledge, Skills, and Abilities

  • Must possess knowledge of basic accounting procedures.
  • Must have a high attention to detail to be accurate in all transactions and duties performed.
  • Excellent verbal and written communication skills to communicate professionally.
  • A high degree of poise and tact to represent the credit union positively in outside contacts.
  • Ability to organize, prioritize, and troubleshoot with minimum supervision.
  • Must be proficient in Microsoft Office, especially Excel.
  • Regular and reliable attendance is required.
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    Mortgage Underwriter • Murfreesboro, TN, US