Millbury Federal Credit Union ยท 2 months ago
Senior Mortgage Underwriter and Processor
Millbury, MA, Millbury, MA, US
Full-time
Onsite
Senior Level
$57K/yr - $74K/yrMillbury Federal Credit Union is seeking a Senior Mortgage Underwriter and Processor to join their team. The role involves underwriting and processing 1st mortgages and home equity lines of credit, ensuring compliance with relevant regulations, and making eligibility decisions on loan applications.
Financial Services
Responsibilities
Maintain registered NMLS status as required by SAFE Act
Communicate with members and staff involved in the mortgage production function
Order, track, record and validate underwriting conditions
Approve and process 1st mortgages and Home Equity Loans according to all federal and state regulations as well as agency guidelines ensuring compliance
Price and sell loans according to secondary market guidelines
Assist in HMDA preparation and the pre and post QC process
Ability to meet deadlines and prioritize workflow
Qualification
Required
Experience to underwrite and process 1st mortgages and home equity lines of credit
Analyzing and verifying loan applications
Evaluating risks and making loan eligibility decisions
Maintain registered NMLS status as required by SAFE Act
Communicate with members and staff involved in the mortgage production function
Order, track, record and validate underwriting conditions
Approve and process 1st mortgages and Home Equity Loans according to all federal and state regulations as well as agency guidelines ensuring compliance
Price and sell loans according to secondary market guidelines
Assist in HMDA preparation and the pre and post QC process
Ability to meet deadlines and prioritize workflow
Experience in residential mortgages and / or home equity processing, underwriting and production
Knowledge of Fannie Mae, Mass Housing, and FHLB policy/policies
Bachelor's degree (BS) from a 4-year college of university in business or related field or equivalent or a combination of education and experience in mortgage processing
A High School Diploma or GED required
Ability to work independently or collaboratively when required
Strong math and analytical skills
Ability for evaluating risks associated with each application
Ability to effectively communicate in written and verbal form with members and colleagues
Strong computer skills including MS Excel and Word
Preferred
Knowledge of HMDA and notary helpful
Knowledge of MERS and Calyx LOS helpful
Benefits
Competitive salary
Vacation, sick and personal paid time off
11 paid Federal holidays
Health, dental, vision, life, and disability insurance
Tuition assistance
401(k) retirement plan with employer match
Employer funded profit sharing
Annual bonus to qualified employees
Company
Millbury Federal Credit Union
Millbury Federal Credit Union is a community credit union that offers the best deposit and lending services.
Founded in 1934
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase