Sr Home Loan Underwriter

J  o  b    D  e  s  c  r  i  p  t  i  o  n

THE DETAILS

Job Code:

1793

Grade:

22H

Status:

Non-exempt

POSITION AND PURPOSE

Responsible for the evaluation of Residential Mortgage and Equity Lending loan applications to determine compliance with applicable state and federal regulations, investor guidelines and credit union standards.

Review and analyze submitted loans for capacity, capital, character and condition while upholding fair lending practices. This includes ensuring that loan requests meet program and product specifications or counteroffer to a product and/or program when appropriate. Communicate decision (approval, counteroffer, suspense, denial) to applicable individuals within the department. Manage application turn time by executing credit decision according to the measurement set by department manager; meet targets

WHO WE ARE

Golden 1 Credit Union is among the top credit unions in the country. As a member-owned, not-for-profit cooperative, Golden 1 is guided by the credit union philosophy of “people helping people.” We are committed to empowering our members and uplifting our communities as we create a more equitable and financially inclusive California. We welcome all who embrace our Core Values.

WHO YOU ARE

You are someone who enjoys bringing clarity and direction to complex situations. You combine empathy, problem-solving skills, and financial analysis expertise to help members navigate difficult financial circumstances while finding solutions that support long-term success.

THE WORK

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Underwrite loan files received daily according to agency, investor and credit union policy and procedures.

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Review and sign off underwriting conditions in accordance to credit union policy while maintaining established turn times.

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Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.

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Current knowledge of secondary market requirements regarding credit, income, disclosure and property that would also include, hands on experience using various agency related internet and computer based systems as necessary/required.

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Ability to analyze tax returns, credit and appraisal reports, fraud detection and other property or income related reports and documentation to insure that information meets agency, investor and credit union requirements.

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Organize and prioritize daily workload to insure compliance to credit union policy, procedures and established turnaround times.

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Communicate and interact with all pertinent vendors, servicers, agencies, investors, staff, brokers and members.

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Maintain a current working knowledge of mortgage industry and credit union standards and trends.

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Monitor and resolve any quality control or insuring issues on relevant files in a timely manner to prevent delays.

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Work with management to implement procedures to prioritize work within the underwriting and processing area as volume dictates.

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Ability to work closely with originations and operations staff to insure compliance with guidelines and policies of credit union and agency.

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Assist supervisor or manager with training of staff members.

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Assist supervisor or manager with prioritizing workflow as directed.

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Develop and maintain an understanding of the pertinent regulatory requirements and risks inherent to job responsibilities, establish, and maintain control activities that mitigate those risks consistent with the Credit Union’s risk appetite, and ensure operational integrity and compliance with applicable regulations.

QUALIFICATIONS

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H.S. Diploma or General Education Degree (GED) required

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College degree or equivalent preferred

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10+ years responsible real estate and/ or equity lending experience with a financial or banking institution performing underwriting analysis and functions required

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Strong customer/ member service relations skills, oral and written communication skills. Current working knowledge of the real estate mortgage industry, mortgage loan process, FNMA, and FHLMC and guidelines and reasonable knowledge of the basic principles and practices of related businesses. Typing, ten key, personal computer to include navigation of internet and facsimile machines. Updated training provided through seminars, webinars and weekly coaching as Compliance, policies, procedures, or work processes dictate change. Ability to effectively communicate policy/procedures to staff to assist the supervisor and or manager with training.

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None required

ORGANIZATIONAL CONTACTS AND RELATIONSHIPS

INTERNAL:

Management, Home Loan Operations Department staff along with credit union branches and supporting departments.

EXTERNAL:

Members, real estate agents, servicing agents, various state agencies, title companies, insurance companies, appraisers and other third-party vendors.

WORKING CONDITIONS

Work time includes weekend and after-hours time, based on organizational needs. This position works in-office where working conditions, lighting, temperature, audio, and workspace are all sufficient.

PHYSICAL REQUIREMENTS

Work requires the ability to constantly operate a computer and the ability to read, type, and communicate. Work may require the ability to move work-related supplies weighing up to 10-15 pounds.

DISCLAIMER/INTENT AND FUNCTION OF JOB DESCRIPTIONS

The above information on this description has been designed to indicate the general nature and level of work performed by team members within this classification. Because the nature of positions and job functions can change over time, this job description is not designed to contain or be interpreted as a comprehensive inventory of all essential functions, duties, responsibilities and qualifications requirements of team members assigned to this job. Job duties may be changed or modified in the Credit Union’s discretion. The Credit Union will keep team members updated on key functions, duties, and requirements of their position by communications from the Credit Union and by updating the job description from time to time. Any team member with questions about the nature of their job duties is encouraged to consult with their supervisor.

DECLARATION/ACKNOWLEDGEMENT

This job description outlines the essential functions and physical/mental requirements necessary to perform this role. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.