Senior Real Estate Underwriter

About the role

The Sr. Real Estate Underwriter at SECU reviews and analyzes residential mortgage loan applications according to investor and credit union portfolio policy and guidelines. This role requires a strong background in analyzing creditworthiness, collateral, and income requirements associated with residential mortgage lending.

Responsibilities

• Analyze the creditworthiness, collateral, and accuracy of the applicable product Automated Underwriting System (AUS) (DU/LPA/GUS).
• Perform thorough analysis of loan files to determine compliance with Conventional, FHA, VA, USDA, Mortgage Insurance and Credit Union guidelines.
• Ability to calculate income, including tax return analysis and to properly catalog findings into a concise effective written summary.
• Approve, decline or counter-offer loans within limits of assigned authority.
• Ability to work in a fast-paced, high-volume environment, while practicing sound lending judgment.
• Function as a technical resource for Loan Officers and Assistants.
• Ensures compliance with Credit Union regulatory requirements including but not limited to: RESPA, Reg Z, Reg B, HMDA, Fact Act, and Safe Act.
• Ensure loans meet investment quality standards and are eligible for resale.
• Respond timely to audits and quality contract reviews.
• Maintain productivity and service legal agreements for underwriting decision.
• Takes responsibility for decisions, actions, failures and overall deliverables.
• Holds team members and themselves accountable by ensuring team outcomes are met.

Qualifications

• Bachelor’s degree or equivalent work-related experience.
• Minimum 5 years of mortgage underwriting experience.
• Experience with both automated underwriting systems (FNMA Desktop Underwriter (DU) and FHLMC Loan Product Advisor (LPA)).
• Strong knowledge of manual underwriting.
• Minimum 2 years of FHA and VA experience required. VA Lender Appraisal Processing Program (LAPP/SAR) or Direct Endorsement (DE) CHUMS Identification.

Skills

• Strong knowledge of State and Federal laws pertaining to the mortgage banking industry (i.e. RESPA, TILA, ECOA, etc.).
• Strong working knowledge of first mortgage guidelines and eligibility for all residential property types.
• Strong communication skills both verbal and written.
• Excellent customer service skills with a high attention to detail with the ability to work independently and as a part of a team.
• Proficiency in MS Office (Word, Excel, PowerPoint, Outlook).
• Ability to analyze and comprehend tax returns for all self-employed borrowers.
• Strong analytical and decision-making skills.
• Strong attention to detail.
• Time management skills with the ability to prioritize workload.

Benefits

• Medical, vision, dental benefits
• 401k plan with company matching
• Generous sick, vacation and personal leave
• Comprehensive benefits, with a focus on total well-being

Pay

Salary: Min. $88,500 – Max. $141,700

Schedule

Compensation Information: Offers will be commensurate with experience and education. Please Note: We typically hire at or below mid-point, which is $115,100 for this role.