PenFed Credit Union · 4 weeks ago
Sr Analyst, Real Estate QC Underwriting
Omaha, NE
Full-time
Hybrid
Mid, Senior Level
3+ years expPenFed Credit Union is hiring a Sr Analyst for Real Estate QC Underwriting. The primary purpose of this job is to perform quality control reviews for various types of real estate loans, ensuring compliance with policies and evaluating the integrity of the credit and collateral aspects of the mortgage loan origination process.
BankingCreditFinanceFinancial ServicesLending
Responsibilities
Conduct reviews of first trust conventional, VA, FHA and equity mortgage loans to ensure that loans were properly underwritten, and that sound judgment was used in the underwriting process. Complete a thorough analysis of loan files to determine member credit worthiness and collateral values were adequate. Review legal and compliance documentation as applicable
Conduct reviews of mortgage loans to evaluate the accuracy and integrity of the information and loan documentation used to support the lending decision
Conduct reviews of mortgage loans to ensure compliance with PenFed's policy and procedures, investor, agency, and secondary market requirements
Analyze and determine accurate defect ratings based on investor's loan eligibility requirements. Evaluate the entire credit package and collateral for residential mortgage loans and ultimately ensure an investment quality loan product
Follow up on previous deficiencies and examine samples of corrected files
Ability to work collaboratively with Mortgage Operations, providing clarification of review results as needed
Understand and interpret all credit underwriting documentation required to be reverified in each loan file and conduct further research as necessary
Perform peer reviews and provide guidance to junior analysts as needed
Assist with process testing as assigned and participate in special projects
Maintain a working knowledge of internal policies, procedure, external regulations, secondary market underwriting guidelines, investor, and private mortgage insurance guidelines
Maintain current knowledge of Fannie Mae, Veterans Administration (VA), Freddie Mac, FHA and external investors
Qualification
Required
Bachelor's degree in business, accounting, finance, or another related field required
Minimum of three (3) years progressive experience in real estate lending with underwriting experience required, preferably in a bank or credit union environment
Advanced knowledge of real estate loans (origination, processing, closing, funding) required
Broad knowledge of consumer real estate lending, including first trust mortgage loans, home equity loans and lines of credit
Knowledge of lending compliance regulations and system definitions
Preferred
Active or recent VA SAR and/or FHA DE underwriting authority preferred
Proficiency with Encompass is highly desirable
Benefits
Comprehensive health, dental, and vision plans
Paid time off
Paid parental leave
Care support
Fitness center access
401(k) match
Employee loan discounts
Fully paid life and disability coverage
Education assistance
Community involvement
Volunteer opportunities
Company
PenFed Credit Union
PenFed Credit Union offers banking services, loans, mortgages, and credit cards to individuals and small businesses.
1001-5000 employees
H1B Sponsorship
PenFed Credit Union has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (19)
2024 (20)
2023 (10)
2022 (21)
2021 (12)
2020 (11)
Funding
Current Stage
Late StageTotal Funding
$845.89M2025-09-22Debt Financing· $398.49M
2024-08-29Debt Financing· $447.4M
Leadership Team
Sarah Heintzman
Executive Vice President, CFO
Andrea McCarren
Senior Vice President & Chief Content Officer
Recent News
The Virginian-Pilot
2025-11-05
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