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Credit Union of Colorado · 9 hours ago

Mortgage Underwriting Supervisor

Corporate Office (Central Park)

Full-time

Hybrid

Mid, Senior Level

$90K/yr - $112K/yr

5+ years exp

Credit Union of Colorado is seeking a Mortgage Underwriting Supervisor to lead and manage the Mortgage Loan Underwriting team. The role involves ensuring compliance with credit union lending standards and regulatory guidelines while fostering a high-performing team.

BankingFinancial Services

Comp. & Benefits

Responsibilities

Creates a positive work environment and ensures optimum staffing. Provides direction and leadership to staff with emphasis on delivering excellence in member service, teamwork, and achieving team goals

Supervise and lead the daily operations of the underwriting team, ensuring adherence to credit union policies, procedures, compliance requirements and investor guidelines

Ensures Mortgage Loan Underwriter and Sr Mortgage Loan Underwriters evaluate applicant employment history, income including overtime, bonus, and commissions, borrower assets, borrower credit, and property condition meet Credit Union and/or investor guidelines

Support Mortgage department team members in the absence of Mortgage Supervisors

Review and approve loan applications, including 1st mortgage loans, Home Equity Lines and Loans, and Raw Land loan, ensuring that each meets credit union policies, procedures, compliance requirements and investor guidelines

Assist in the development and implementation of underwriting strategies, ensuring alignment with organizational goals

Assists in verifying accuracy of HMDA reportable data for compliance

Provide support in training, coaching, and mentoring underwriting staff to enhance their skills and performance

Perform quality control audits on loan files, ensuring accurate documentation and risk mitigation strategies are in place

Conduct regular performance reviews, provide constructive feedback, and develop individualized training plans to enhance team members’ skills

Ensure that the underwriting team remains up to date on the latest trends in the mortgage industry and lending products

Monitor workflow and loan turnaround times, ensuring timely and efficient service delivery to credit union members

Stay current with federal, state, and local regulations affecting the credit union and underwriting practices

Ensure that the underwriting process adheres to all regulatory requirements, industry best practices, investor guidelines and credit union standards

Identify and mitigate potential risks in loan underwriting

Prepare and present comprehensive reports utilizing data analytics on lending activities, portfolio performance, and product development to senior management

Ensures self and team uphold compliance of applicable state and federal laws related to originating of residential mortgage loans. Ensures regulatory compliance including but not limited to: HMDA, RESPA, REG Z, REG B, Fact ACT and Safe ACT. Ensures compliance of FNMA DU, FHLMC LP and related secondary market underwriting guidelines. Adheres to all Federal and State laws and regulations applicable to the credit union, including the Bank Secrecy Act and OFAC

Required to comply with NCUA requirements and register as a Mortgage Loan Originator and keep a current registration in compliance with the SAFE Act

Ensures the safety and security of Credit Union employees, property, and member information according to Credit Union guidelines

Qualification

Mortgage underwritingRegulatory complianceLeadershipFinancial analysisLoan origination systemsInterpersonal skillsTeamworkProblem solvingAdaptability

Required

Bachelor's degree in finance, Business Administration, or a related field, or equivalent work experience

5 years of mortgage lending underwriting experience, preferably in a credit union or financial institution

2 years in a leadership or supervisory role

Knowledge of relevant lending policies, laws and regulations within the financial services industry, financial analysis and loan origination systems

Strong leadership, supervisory, and interpersonal skills

Ability to operate related computer applications and business equipment

Thorough knowledge of Credit Union loan products and applicable policies and standards

Ability to apply oral and interpersonal skills that develop member confidence, respect and trust in Credit Union of Colorado and develop cooperative relationships with all levels of people throughout the organization

Understanding of government regulations and legal requirements involving lending, collections, and related functions

Familiarity with loan promotions and marketing practices

Knowledge of Regulation B, Regulation Z, and the indirect auto loan market