TTCU Federal Credit Union · 2 days ago
Mortgage Underwriter
TULSA, Oklahoma, United States
Full-time
Onsite
Mid Level
3+ years expTTCU Federal Credit Union is seeking a Mortgage Underwriter to underwrite mortgage loans in accordance with various regulatory guidelines. The role involves assessing risk, reviewing appraisals and title commitments, and ensuring compliance with all pertinent regulatory requirements.
FinanceFinancial ServicesLending
Responsibilities
Underwrite all first and second mortgage loan applications in compliance with regulatory agencies and according to FHA, HUD Section 184, Freddie/Fannie, VA, USDA, and FHLB guidelines in addition to TTCU portfolio guidelines. Underwriters shall make an assessment of risk per file and make a determination of approval or denial per application. Must complete the underwriting checklist accurately and clearly define any conditions needed prior to closing and/or funding conditions
Review appraisal to ensure that collateral is within the specific guideline required by all agencies. TTCU and any secondary investors. Underwriters are expected to require conditions on any substandard appraisal including but not limited to addition comparable properties, discrepancy, revisions, and in select cases whole new appraisals. All underwriting decisions shall be final and only overturned by the Vice President of Mortgage Operations or the Credit Manager
Review all title commitments to ensure all liens and encumbrances are properly disposed of, ensure title policy amounts are equal to the loan amount granted, and review tax, and homeowners insurance costs are calculated correctly for debt to income and other guideline requirements
Submit loan applications greater than 80% to appropriate private mortgage insurance companies and ensure all PMI conditions are within the file prior to issuing a Clear to Close
Qualification
Required
High School Diploma or GED required
Specialized underwriting training required
Reliable transportation is required
3 years lending experience in a decision-making role
2 years experience underwriting and processing loans
2 years processing and/or closing FHA, VA, FHLMC, FNMA, 184, and USDA loans
2 years proven ability to read and interpret credit reports
Intermediate computer skills utilizing Word, Excel, FSP Creative Visions, ILS required for processing and servicing loan and account information preparing correspondence, spreadsheets, and reports
Ability to learn proprietary computer software such as Encompass, FSP, OnBase, Touche' and Cisco Agent
Proven excellent organization skills and attention to detail and accuracy
Experience in processing & closing FHA, VA, FHLMC, FNMA, 184, & USDA mortgages
Working knowledge of underwriting requirements
Ability to read and understand a credit report and appraisals
Well developed research skills, proven analytical and critical thinking skills and the ability to identify, review, and communicate appropriate recommendations
Ability to independently manage the details of multiple projects, track activities, and meet deadlines
Intermediate written and verbal communication skills required to facilitate sharing of information with members, staff, and external contacts
Ability to create an atmosphere which promotes TTCU's Core Values by maintaining a high level of personal integrity, presenting a friendly, enthusiastic, and professional demeanor while providing extraordinary service to employees and members and fostering teamwork among employees
Company
TTCU Federal Credit Union
Established in 1934, TTCU Federal Credit Union is a $2.6 billion financial institution with a full complement of depository, lending and financial advisory services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Tim L.
CEO
Shelby Beil
EVP/Chief Financial Officer
Recent News
The Journal Record
2022-04-16
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