Established and financially strong credit union is seeking a Sr. Mortgage Underwriter for their San Diego, CA office with the following:
Under general supervision, underwrites mortgage loans for the credit union in compliance with regulatory, investor and credit union guidelines.
Analyzes mortgage loan files to ensure compliance with relevant guidelines, to include borrower’s application, income documentation, appraisal and title reports.
Ensures all required documentation is in place for the loan approval process. Calculates debt-to-income and loan-to-value ratios. Verifies that calculations are accurate. Determines a member’s credit-worthiness and loan quality for approval.
Determines the amount of loan to be approved when all criteria for underwriting have been met. Makes recommendation to manager for loan approval and/or forwards to manager loans outside of authority level.
Provides assistance to Mortgage Loan Officers in the qualification process and provides support for turndown decisions.
Provides support to mortgage loan processors relating to questions and/or clarification of member inquiries, loan files, and underwriting guidelines.
Keeps abreast of credit union, investor and regulatory policies, procedures and changes that affect mortgage underwriting.
Ensures timely review and follow-up steps in order to meet and exceed member expectations.
Seeks continuous process improvement by recommending efficiencies and work innovations to manager.
Performs other duties as assigned.
Complies with BSA requirements as commensurate with position.
At least four years of current work experience in the capacity of a mortgage loan underwriter in a financial institution or mortgage lending company.
Previous experience as a delegated FNMA underwriter required.
Current use of Desktop Underwriter is required.
High School diploma or equivalent.
Some college coursework in relevant field preferred.
Working knowledge of mortgage underwriting; credit union mortgage lending policies and procedures; and, regulatory compliance, Fannie Mae and Freddie Mac guidelines.
Excellent abilities in the following areas: communication (written and oral), analysis, detail-orientation, initiative, adaptability, teamwork, time management, member/customer service, math/calculations, documentation and organization.
Previous experience in a paperless environment preferred.
An active or renewable NMLS (Nationwide Mortgage Licensing System) certification/designation and a MLO (Mortgage Loan Originator) identifier.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.