Underwrite all types of mortgage loans and act as delegated underwriter for conventional, FHA, VA, and RD mortgage loans as well as specialty program mortgage loans (such as HUD184, FHA203k, and State/Community bond programs). Assume supervisory duties as assigned.
Duties and Responsibilities:
Assume certain supervisory responsibilities as assigned by management, such as: a) assist in training new underwriters; b) provide guidance and assistance to the local underwriting team as necessary; c) provide feedback for performance reviews.
Responsible for the underwriting of mortgage loans to insure compliance with established policies and requirements.
Serve as a delegated or direct-endorsement underwriter within the requirements established by the investor, insurer or guarantor.
Maintain a current knowledge of existing laws, statutes, regulations, ordinances, policies and procedures pertaining to real estate and mortgage lending.
Work closely with loan originator and processor to ensure compliance with all investor guidelines.
Assist in maintenance of the credit union's list of approved appraisers within the division.
Perform other duties as assigned. Qualification Requirements:
Education - Bachelor's degree in business administration or management.
Experience Required - At least three years management/supervisory experience and at least five years experience in mortgage underwriting. Advanced industry courses in real estate lending recommended.
Skills - Must have five years experience in mortgage underwriting including conventional, FHA, VA, RD and/or specialty program underwriting. Must have an active DE CHUMS and SAR number with a minimum of three years management / supervisory experience with demonstrated ability to train staff. Must be familiar with all investor guidelines. Working experience with DU, LP, and GUS underwriting systems.
Tenure - Not applicable
Alaska USA Federal Credit Union - 21 months ago