Mortgage Underwriter

Job description

Schedule Mon- Fri Overview: Responsible for reviewing and underwriting mortgage loans. Identifies, analyzes, and evaluates loan risks and compensating factors, and ensures the marketability of closed loans and the safety of Credit Union assets. Approves, suspends, or denies loan applications. Ensures that loans are approved within the terms of the Credit Union's standards and procedures, regulatory underwriting guidelines, and FHA, VA, and other secondary market requirements. Provides support to Mortgage Department Personnel. Responsibilities: 1. Assumes responsibility for reviewing appraisals and ensuring that determined values are well documented. a. Evaluates and assesses the collateral and capacity of mortgage loans. b. Ensures that properties do not need repairs. Sets conditions for inspections if repairs are needed. c. Reviews comparables to ensure they meet the guidelines for adjustments. d. Ensures that properties do not need repairs. Sets conditions for inspections if repairs are needed. e. Reviews appraisals and ensures that risks are appropriate and meet all guidelines of the applicable loan type. 2. Assumes responsibility for accurately evaluating the credit worthiness...