Senior Mortgage Underwriter
Partners 1st Federal Credit Union offers a competitive salary, paid illness, personal time, vacation, holidays, medical/dental/vision/life insurance, a generous 401(k) retirement plan with company matches, tuition reimbursement, and weekly pay in a professional and fun office environment.
About the role
This position is ideal if you are an excellent problem solver with strong decision-making and communication skills, detail-oriented, highly organized, and possess a deep understanding of mortgage products and the mortgage industry. The role is full-time (40 hours/week) at our Directors Row location in Fort Wayne, IN, with a standard schedule of Mon-Fri: 8:00am-5:00pm. Some flexibility in daily scheduling may be available if needed.
As a Mortgage Underwriter, you will review, evaluate, and decide on mortgage loan files using internal Underwriting Standards and general FHLMC/FHLB guidelines to assess applicant creditworthiness.
Responsibilities
- Review loan files for sufficient documentation to make informed decisions based on product descriptions and underwriting guidelines. Request additional information from processors or originators if needed.
- Conduct thorough analysis of loan packages to ensure compliance with company and/or investor requirements.
- Communicate effectively with loan originators, processors, and closing staff to deliver clear underwriting conditions and final loan decisions.
- Provide timely updates to management on high-risk loan scenarios or exception requests. Prepare and sign conditional and final approval letters.
- Analyze borrower credit, income, assets, property, and potential risk factors to determine loan quality and repayment ability.
- Review appraisals for consistency, comparables, and final value support, including any underwriting considerations based on property condition.
- Review title insurance commitments for each new loan file. Submit denied loans for dual review.
- Serve as a trusted resource to the mortgage team by providing guidance on loan scenarios, documentation, and policy exceptions, including compensating factors for decisions.
- Comply with all company policies, procedures, and applicable laws, including the Bank Secrecy Act, Patriot Act, and Office of Foreign Assets Control.
- Uphold the credit union’s culture, mission, and core values through exceptional service and member-focused solutions.
Requirements
- Five or more years of related experience, including preparatory roles.
- High school diploma or GED required.
Skills
- Strong understanding of mortgage loan interest rates, commitment/rate lock/relock procedures, and member loan products/guidelines.
- Familiarity with loan origination software systems.
- Ability to perform sedentary work with occasional lifting up to 10 lbs.
- Capability to operate office equipment (telephone, copier, fax, calculator) and work on a computer for extended periods.
- Ability to work extended hours as needed and maintain reliable attendance.
- Must be able to work independently or as part of a team, follow written and oral instructions, and communicate clearly.
- Ability to handle multiple priorities, deadlines, and diverse personalities professionally and calmly.
- Highest level of discretion in handling confidential matters.
Benefits
- Paid illness, personal time, vacation, and holidays.
- Medical, dental, vision, and life insurance.
- Generous 401(k) retirement plan with company matches.
- Tuition reimbursement.
- Weekly pay.
Schedule
Full-time, 40 hours per week. Standard schedule: Mon-Fri, 8:00am-5:00pm, with potential flexibility in daily hours if needed.
ADA Requirements
- Primarily sedentary work with limited physical exertion.
- Capable of climbing/descending stairs in emergencies.
- Must be able to work in a climate-controlled indoor environment with minimal noise.