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Digital Federal Credit Union · 6 hours ago

Mortgage Underwriter I, Full-Time, Hybrid MA

Marlborough, MA

Full-time

Hybrid

Entry, Mid Level

$30/hr - $33.70/hr

3+ years exp

Digital Federal Credit Union is the largest credit union headquartered in New England, serving over one million members across all 50 states. The Mortgage Underwriter I is responsible for analyzing and underwriting mortgage loans while ensuring compliance with various regulations and guidelines.

BankingFinanceFinancial Services

Comp. & Benefits

No H1B

Responsibilities

Analyze, underwrite and decision all mortgage loans to appropriate servicer guidelines ensuring soundness, accuracy and compliance with DCU and Investor standards

Maintain knowledge of current changes to investor guidelines, product changes, the general financial industry, and the real estate market

Maintain knowledge of compliance laws applicable to mortgage and home equity loan originations,including but not limited to: Equal Credit Opportunity Act (ECOA), Real Estate Settlement Procedures Act (RESPA), Regulation Z (Truth in Lending, Know Before You Owe), Regulation C (Home Mortgage Disclosure Act - HMDA), and other state and federal laws which may be applicable

Assist with the loan origination teams with loan structuring, re-structuring and loan scenario review requests

Work closely with mortgage processors, Team Leaders and other underwriters to maintain and develop better quality loan files

Exercise discretion and independent judgement in underwriting loans to support the business goals of the DCU

Assist in the development and maintenance of department policy and procedure documents

Contribute to department projects and initiatives as an individual and through team cooperation

Ensure compliance with all applicable state and federal laws and regulations

Perform other job-related duties as assigned by Managers(s)

Qualification

Underwriting experienceCompliance lawsProficient with DULPAAllRegsLoan Operating Systems (LOS)Product & Pricing Engine (PPE)Tableau/PowerBITechnical SkillsProfessional Communication Skills

Required

3-5 Years of underwriting or related experience

Requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations

Technical Skills (word, excel, outlook etc.)

Professional Written and Verbal Communication Skills

Proficient working with DU, LPA, and AllRegs

Knowledge of Loan Operating Systems (LOS), Product & Pricing Engine (PPE), Tableau/PowerBI, Compliance & Regulators Software, Mortgage Insurance Requirements