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BCU · 1 day ago

Mortgage Underwriter

Vernon Hills, IL

Full-time

Hybrid

Mid Level

$68K/yr - $102K/yr

3+ years exp

BCU is a growing organization that empowers people to discover financial freedom. The Mortgage Underwriter role involves evaluating mortgage loan applications using both automated systems and traditional underwriting methods to ensure compliance with industry standards and maximize organizational profit.

BankingFinancial Services

Growth Opportunities

Responsibilities

Underwrites mortgage loan applications and evaluates loans to maximize organizational profit and minimize risk or loss

Recommend approval, modification and/or denial of loans originated in the U.S. and Puerto Rico for potential sale to FNMA, other investors or for retention in the BCU Portfolio

Complete understanding and adherence to mortgage loan policies, investor requirements, compliance standards and lending procedures; allowing BCU to sell loans directly into secondary markets, consider participations with other institutions and portfolio lending

Make recommendations to BCU’s Real Estate Loan Policy and update underwriting and quality control procedures to maintain compliance with industry guidelines and standards in a timely manner

Assist in training processors, loan officers, and other front line origination sources to maintain compliance with changes in guidelines, quality control standards, and policy/procedures

Actively participate in our pre-close and post-close quality control process and vendor relationship

Qualification

Mortgage underwriting experienceCredit analysis skillsFNMA standardsAutomated scoring systemsLoan products knowledgeMulti-tasking abilityAdaptability to changeCommunication skills