Mortgage Loan Underwriter

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Job description

GreenState Credit Union

Mortgage Loan Underwriter

US-IA-North Liberty

Job ID:
Type: Exempt Full-Time
# of Openings: 1
Category: Credit Administration
Work From Home

Overview

The underwriter reviews applications to ensure the loan information is complete and meets all GreenState lending policy guidelines and regulatory guidelines. The underwriter is responsible for the approval and denial of all loan applications submitted based on his/her lending authority.

GreenState Culture:

At GreenState, we exist to create lasting value for those we serve. We do this by putting immense value into our employees, members and communities. We empower our employees to create endless opportunities, which will then impact the lives of our members and enhance the vitality of our communities.

Salary range for this position is $90,593.36 - $121,250.74 with a progressive benefit package.

Responsibilities

Performs essential duties and responsibilities in the following areas which may include, but are not limited to those listed and are subject to change.

1. Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision.
2. Demonstrates a positive member service (internal and external) focus at all times.
3. Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities.
4. Ensures confidentiality of member information.
5. Supports a diverse and inclusive work environment.

Within Mortgage Department Standards:

1. Reviews files for all first mortgage loans to ensure the loan information is complete and meets all GreenState and secondary market lending guidelines.
2. Responsible for decisioning of all submitted mortgage loan applications following GreenState portfolio, and secondary market guidelines and procedures and investor overlays as applicable.
3. Responsible for ensuring the quality of the loans and that they are in compliance with state/federal and investor regulations and guidelines and within GreenState policies and procedures.
4. Reviews file for property collateral; review appraisals of property verifying that all requirements of the investor are met.
5. Reviews loan documentation and conditions file to ensure accuracy and completeness to adhere to underwriting guidelines.
6. Consults with Senior Underwriter to determine any loan specification revisions needed to ensure approval without comprising risk/pricing policy and in cases of denial or noncompliance.
7. Works with mortgage post- closing department when necessary to ensure final documentation is received by the investors in a timely manner.
8. Makes recommendations for changes to GreenState underwriting guidelines, policies, and procedures regarding real estate loan products.
9. Responds to Quality control findings to resolve deficiencies.
10. Maintain current understanding of all investors, state and federal guidelines, which include knowledge of Regulation Z (Truth-in-Lending), Regulation C (HMDA), and all other regulations that would have implications for GreenState's lending abilities.
11. Stay abreast of requirements and guidelines for delegated programs, products and/or services.

Qualifications

1. Two or more years mortgage underwriting experience or Five or more years of experience in a
   mortgage loan support role involving knowledge of approval and guideline processes.
2. Knowledge of FNMA/FHLMC/ guidelines.
3. Ability, availability and willingness to work flexible hours to accomplish workload during periods of
   peak demand.
4. Ability to prioritize, organize, and process tasks accurately and efficiently to manage pipeline.
5. Excellent analytical and decision-making skills.
6. Ability to work with multiple priorities to meet turn times and maintain control in high stress
   situations to ensure quality service levels.
7. Ability to work independently and as part of a team.
8. Knowledge of procedures, forms, secondary market guidelines and regulations as they relate to
   mortgage lending.
9. Effective and strong oral and written communication and interpersonal skills.
10. Ability to use a personal computer and related software including Word, Excel, and mortgage loan
    origination system; and ability to use mortgage loan financial calculators.
11. Must be bondable

Reporting Relationship
This position reports to the VP Mortgage Underwriting.

Supervisory Responsibilities
This position is not responsible for the supervision of others.

Equal Opportunity Employment Statement
GreenState Credit Union is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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