Teachers Federal Credit Union · 4 days ago
Senior Mortgage Underwriter
Hauppauge, NY
Full-time
Onsite
Mid, Senior Level
$93K/yr - $116K/yr
4+ years expTeachers Federal Credit Union is one of the nation’s leading credit unions, committed to guiding members toward building a strong financial foundation. The Senior Mortgage Underwriter is responsible for underwriting mortgage loan applications, assessing risks, and ensuring compliance with various guidelines while mentoring junior staff.
BankingFinance
Responsibilities
Underwrites Conventional, FHA, VA, USDA, HELOC, and Portfolio loans with minimal oversight
Analyzes borrower credit, income, assets, collateral, and title documentation to determine overall loan eligibility
Ensures all decisions align with Fannie Mae, Freddie Mac, FHA, VA, investor overlays, and internal underwriting policies
Delivers accurate, clearly documented underwriting decisions and detailed conditions
Identifies and mitigates credit, compliance, and collateral-related risks throughout the loan review process
Reviews appraisals and collateral documentation in accordance with USPAP standards and appraisal independence requirements
Provides guidance, coaching, and support to junior underwriters, processors, and sales staff
Collaborates with production, processing, and closing teams to resolve complex loan scenarios and maintain efficient workflow
Meets established turn times, productivity goals, and quality standards while maintaining a strong focus on risk assessment
Performs other duties as needed upon request from immediate supervisor
Qualification
Required
High school diploma required
Minimum four years of progressive, hands-on experience in residential mortgage underwriting, including full-file review, risk assessment, and adherence to agency and investor guidelines experience required
Comprehensive underwriting experience across multiple product types including FHA, Conventional (Agency), Jumbo/Non-QM, VA, and HELOC portfolios required
Strong understanding of AUS systems (DU/LP) and manual underwriting standards required
NMLS certification required
Incumbent must comply with the SAFE act provisions and maintain active status in the NMLS Registry
Incumbent must possess a unique identifier number
Incumbent must renew registration annually between November 1 and December 31st of each calendar year
Any registration not renewed will become inactive
It is also the incumbent's responsibility to update the registry when applicable such as name change, job or employment changes
Preferred
DE (FHA Direct Endorsement), VA LAPP or SAR authority, with demonstrated proficiency in FHA/VA credit and collateral evaluation
Benefits
This position is eligible for our annual discretionary bonus program.
Paid time off for vacation, personal days, and holidays
401(k) company contribution
Teachers pays 100% of Dental & Vision premium
Tuition reimbursement is offered to full-time employees
Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers
Company
Teachers Federal Credit Union
Teachers Federal Credit Union is a company which develops finance related apps for iPhone
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Brad Calhoun
President/CEO
Denise McGlone
Chief Financial Officer
Recent News
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