Senior Mortgage Underwriter - Jackson, United States - Hope Credit Union

Description

The Senior Mortgage Underwriter is responsible for underwriting according to Federal Regulations and Investor Requirements in compliance with laws pertaining to mortgage lending and for making sound credit decisions based solely on the facts and information provided.

• Lead and support Strengthening HOPE Initiative that values an organizational culture for open communication, innovation, associate engagement and other traits that contribute to collaboration and high performance.
• Document underwriting decisions on a timely basis, notifying the originator, processor or lending partner of the results. Insure all loans sold to secondary marketing are of investment quality.
• Underwrite FHA, Freddie Mac, and Conventional Loans
• Work with management to resolve difficult loan scenarios
• Identifying risk and mitigating factors that could impact the customer's ability to repay the loan by examining financial statements, individual credit reports; cash flow and balance sheets as appropriate
• Run, read, and review automated underwriting systems such as Desktop Underwriter and AUS in order to assist in the execution and satisfaction of Findings
• As a signature authority of Hope Credit Union/Loan Committee insure that loan has been reviewed in accordance with Hope Credit Union/Loan policy.
• Provide prequalification decisions on a timely basis notifying the originator, processor or lending partner of the results.
• Review Grant and State Bond package for compliance to Grant/Bond regulations and requirements.
• Track and Report in Calyx Point all loans submitted to underwriting department.
• Keep staff informed of changes in loan products and/or changes in underwriting requirements by investor/regulator.

• General administrative duties such as attending meetings, report production, etc.
• Assign HOPE DMI loan number and internal loan numbers as back-up.
• Assist in follow-up of investor conditions.
• Work with other departments when needed on projects related to the mission of HOPE.
• Oversight of mortgage processes and procedures as needed for department
• Assist in training of other members of mortgage department as needed

• Analytical and problem-solving skills
• Knowledge of Fannie Mae, Rural Housing, FHA, VA and other investor rules and regulations.
• Knowledge of compliance as related to mortgage lending
• Skilled in mortgage software, Desktop Underwriter/Desktop Originator, Loan Prospector, Microsoft Office Excel/Word and Outlook
• Good verbal and written communication Skills
• Ability to evaluate loan quality based on multiple structured and unstructured variables

• College degree or equivalent of 3 Years or more of Mortgage Lending
• 3 Years Experience Underwriting of Secondary Marketing loans
• FHA Delegated Underwriting authority
• VA Lender Appraisal Processing Program (
  LAPP) Application approval

• Employee is regularly required to sit, stand and walk.
• Employee will be in constant use of keyboard which would require use of hands and fingers.
• Employee will be in constant communication with other persons related to work and requiring the use of hearing and speaking.
• Employee must infrequently lift and/or move up to 10 pounds.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Employee spends the majority of time in office environment, generally accessible to the public, customers, and potential customers
• Noise level in the work environment is usually moderate
• Must be able to multi-task at times.
• This position requires the ability to maintain calmness with a high demand of time-sensitive sound decisions.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.