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Jeanne D'Arc Credit Union · 2 months ago

Senior Real Estate Loan Underwriter

Lowell, MA

Full-time

Onsite

Mid, Senior Level

$29/hr - $44/hr

4+ years exp

Jeanne D'Arc Credit Union is dedicated to building careers and supporting its team with competitive pay and growth opportunities. They are seeking a Senior Real Estate Loan Underwriter to manage the underwriting process for real estate loans, ensuring compliance with industry regulations and Credit Union policies while providing exceptional service to members.

BankingVenture Capital

Responsibilities

Underwrite, approve or deny mortgage loan applications up to loan approval limits. Recommend approval or denial to loan officers for those in excess of their limit; underwrites home equity loans when member applies for product simultaneously with a first mortgage loan, and recommends approval or denial to loan officers

Assist in the underwriting of Home Equity Loans as warranted by volume

Interact with Credit Union Loan Officers to discuss or present loan files for approval or denial

Responsible for updating loan application data in the loan processing system to ensure accurate transmittal to Fannie Mae's desktop underwriter

Import loans to Desktop Underwriter and review the underwriting findings to determine conditions to be met for the loan to be salable to Fannie Mae

Review appraisals for conformity to secondary market guidelines and approves or follow up with appraiser for additional of missing information

Determine if loan is conforming, non-conforming, salable, non-salable and meets Credit Union policies. Underwrites according to secondary market and Credit Union guidelines and establishes underwriting conditions in conjunction with these guidelines

Responsible for updating the loan processing system with correct ratios, loan to value and all underwriting conditions in order for the real estate loan processor to prepare the commitment letter to the member

Perform delegated underwriting authority for mortgage insurance companies under stated guidelines and responsible for obtaining insurance certificate for all loans requiring mortgage insurance

Proficient at pipeline management with an emphasis on organizational and multi-tasking skills

Collaborate effectively with fellow originators, processors, underwriters and loan officers to ensure that loan applications are fully completed; the necessary supporting documentation is received, and the loan closes as scheduled

Build relationships with an emphasis on member education; evaluate and recommend areas relative to loan protection products, credit/debit cards, internet access, other loan products and services, etc

Serve as a resource on mortgage products/services of the Credit Union; respond to internal and external loan related member questions & research

Work together with all areas of lending including origination, consumer lending, business services and special accounts to ensure an efficient, effective team based division

Serve as a resource on mortgage products/services of the Credit Union; respond to internal and external loan related member questions & research

Play an active role in both department and strategic projects

Contribute in the development and implementation of policies and procedures

Support the credit union outreach efforts through community involvement

Train, mentor, and serve as a role model for other department employees and may oversee the daily activities of the department in the absence of the department manager

Perform other related and unrelated duties as assigned and therefore required