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First U.S. Community Credit Union · 1 month ago

Senior Mortgage Underwriter

Corporate Office/University Branch, Sacramento, CA, US

Full-time

Onsite

Senior Level

$28.74/hr - $43.11/hr

5+ years exp

First U.S. Community Credit Union is seeking a Senior Mortgage Underwriter responsible for underwriting various mortgage products in line with guidelines and regulations. The role involves making lending decisions, mentoring staff, and ensuring compliance while enhancing member service.

Financial Services

Responsibilities

Underwrites and decisions residential mortgage loans in accordance with FNMA and internal Credit Union guidelines to ensure compliance with Credit Union and investor standards within his/her authority

Evaluates income, assets, credit, collateral, and compliance documentation to ensure accuracy and completeness

Renders credit decisions (approval, counter offers, suspense loan files and denial) with strong risk assessment and alignment to credit union policies

Identifies and recommends alternative loan solutions

Maintains a commanding knowledge of regulatory compliance, trends, and methodologies affecting all loan products and services

Performs all income analysis for qualifying borrowers to include self-employed borrowers. Comprehensive understanding of income tax documentation including but not limited to sole proprietorships, S-corps, C-corps, partnerships, and Limited Liability Corporations is required

Review appraisals and collateral documentation for accuracy and acceptability

Issue clear, appropriate and consistent conditions to ensure high-quality loans with minimum rework

Possesses time management skills and the ability to organize, prioritize, perform multiple tasks simultaneously; handle multiple projects and meet deadlines

Shows an ability to adapt to market, regulatory, agency and investor requirement changes

Performs other duties assigned including, but not limited to, special projects requiring extensive knowledge of Credit Union and department operations, policies and procedures, and safety/compliance

Performs other duties as assigned

Qualification

Mortgage loan underwritingFNMA guidelinesFHLMC guidelinesRegulatory complianceTax return analysisEllie MaeMeridian Link MortgageMicrosoft OfficeWritten communicationOral communicationTime managementAdaptabilityGoal oriented

Required

High School Diploma or equivalent is required

Either a minimum of 10 years' experience in mortgage loan underwriting in a financial institution, or a bachelor's degree in finance, business, or another related field required plus 5 years mortgage loan underwriting experience in a financial institution, is required

Must have current knowledge of state and federal regulations together with a strong working knowledge of FNMA, and FHLMC guidelines and standards

Proficiency in computer programs (e.g., Microsoft Office Word and Excel)

Ability to analyze complex tax returns skills required

Ability to work effectively at a fast pace and adapt to change

Excellent written and oral communication

Proficiency with Ellie Mae or Meridian Link Mortgage required

Must be goal oriented