Senior Real Estate Loan Underwriter
United Heritage Credit Union - Austin, TX

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DESCRIPTION

Location: 12208 N Mopac Expy Austin 78758Come join this winning team to see why United Heritage Credit Union is a great place to work. We are looking for the right people to make a difference for our members and live the credit union philosophy of "People Helping People." When you work for United Heritage you will be representing a company that brings its best to the communities we serve. The Sr. Real Estate Loan Underwriter is responsible for the underwriting of conforming and non-conforming residential mortgage loans, home equity loan products, and appraisals to ensure compliance with secondary market requirements to include Fannie Mae, Freddie Mac and applicable investor overlays. Must be able to responsibly underwrite all real estate loan types to include Conventional, Jumbo, ARM and second lien loan types. Ensure all loans comply with applicable state and federal regulatory laws, investor guidelines, internal policy and guidelines, and mortgage insurance guidelines.

DUTIES

Underwrite all real estate loan products as offered by the Credit Union. To include, but not limited to: conforming and non-conforming residential mortgage loans, fixed rate loans, adjustable rate loans, purchase money second lien loans, home equity loans and appraisals. All loans must meet agency guidelines including Credit Union and investor overlays. Review appraisals to validate collateral value, marketability and equity position as well as ensure the appraisal meets the secondary market guidelines. Ensure all loans are complete, compliant and accurate when issuing a loan approval. Review required loan documentation in accordance with secondary market underwriting requirements for income, assets, appraisal, mortgage insurance and related documentation. Maintain specialized knowledge of mortgage trends and developments to include but not limited to, internal changes, regulatory changes, insurance and secondary market changes. Maintain knowledge of secondary market activity and industry practices as they impact underwriting quality and origination activity.

QUALIFICATIONS

A college degree in a related field. The equivalent experience can be substituted at the approval of Senior Management. Minimum 5-8 years experience in residential mortgage underwriting with proven ability to underwrite a quality mortgage loan portfolio. Minimum 2 years experience underwriting to agency guidelines and standards. Experience underwriting to Fannie Mae and Freddie Mac is required, FHA and VA underwriting experience is a plus. Requires a thorough knowledge of residential mortgage underwriting, to include Fannie Mae and Freddie Mac guidelines. This will include a working knowledge of mortgage loan types, terms and standard forms and documentation. Strong understanding of mortgage lending compliance issues. Working knowledge of mortgage products available in the market place with a strong knowledge of current mortgage underwriting guidelines and regulations. Underwrite all real estate loan products as offered by the Credit Union. To include, but not limited to: conforming and non-conforming residential mortgage loans, fixed rate loans, adjustable rate loans, purchase money second lien loans, home equity loans and appraisals. All loans must meet agency guidelines including Credit Union and investor overlays. Review appraisals to validate collateral value, marketability and equity position as well as ensure the appraisal meets the secondary market guidelines. Ensure all loans are complete, compliant and accurate when issuing a loan approval. Review required loan documentation in accordance with secondary market underwriting requirements for income, assets, appraisal, mortgage insurance and related documentation. Maintain specialized knowledge of mortgage trends and developments to include but not limited to, internal changes, regulatory changes, insurance and secondary market changes. Maintain knowledge of secondary market activity and industry practices as they impact underwriting quality and origination activity.

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