Senior Mortgage Underwriter

This is an exciting opportunity to join our collaborative team oriented team; but first, here is a little bit about Elements Financial:

WE MAKE MONDAYS MORE ENJOYABLE.


There are many ways to describe the Elements culture: fun, meaningful, supportive, and full of opportunities. See here for more information -

Today we serve the employees of 150+ organizations around the U.S. We currently rank among the top 3% of credit unions nationally with 100,000+ members. We have the resources, staff, and expertise to support our members with unparalleled service and leading-edge technology.

Now let's get into this exciting role!

This is a hybrid role that requires some on-site work (inside our Indianapolis, Indiana office). In addition to the on-site duties, there are additional responsibilities that can be completed outside of the office, resulting in this being a hybrid role.

Elements Financial is a Best Place to Work because our employees are empowered to Be the Expert, Live the Purpose, and Grow the Business. Our Purpose is to Empower Members to Achieve Financial Success . This position assists the mortgage team with providing personalized, consistent, and quality service.


You will learn how to be the expert to best serve our members:

• Working knowledge of DU and LP automated underwriting systems and validation of input data to assure valid responses.
• Utilize expertise and underwriting knowledge to render sound, common sense decisions based on analysis of loan parameters and documentation.
• Perform detailed appraisal reviews.
• Decision loans within assigned approval authority as determined by Elements Executive Management.
• Meet all established turn time requirements.
• Maintain in-depth knowledge of all products and services including FHA, VA, USDA, and Conforming and Portfolio loans.
• Analyze credit documents, including but not limited to, mortgage applications, credit history and income documents, title documents, appraisals, and all applicable compliance documents.
• Possess authority and ability to underwrite all loan types: Fannie Mae, Freddie Mac, FHA, VAH, and USDA.

You will make a difference as you live out our purpose:

• Assist the Sales Team on deal structuring, guidelines, questions, and scenarios as required.
• Provide mentoring/coaching to the Processing Team to ensure conditions are met prior to final approval.
• Decision loans within assigned approval authority as determined by Elements Executive Management.
• Underwrite for home equity loan products, subordination, and modification requests.
• Provide timely responses to all voicemail and email communications.
• Other duties and responsibilities as assigned by management.

You will help grow the business:

• Analyze the risk of a loan transaction and provide justification and compensating factors to support loan decision.
• Cross-sell additional lending products as appropriate.

You will continue to grow professionally:

• Continue to develop knowledge of industry practices, products, and professional growth.
• Participate in appropriate learning opportunities to maintain expertise.

Minimum Requirements:

• Must possess a bachelor's degree or five years of recent underwriting experience including FHA DE/CHUMS or VA SAR designations.
• Seven years' experience underwriting conventional loans may be substituted for government loan experience requirement. Must be familiar with all investor guidelines and experience with DU, LP, and GUS underwriting systems.
• Must possess a thorough knowledge of products, appraisals, tax returns, disclosure and compliance rules and regulations.
• NMLS Licensing as required.
• Strong collaboration and communication (oral and written) skills.

• Ability to leverage skills, knowledge, and experience to invest in our community.
• Ability to foster an inclusive environment that promotes belonging.
• A focus on respect and excellent service to both external and internal (team) members.
• A proven track record of integrity with a demonstrated ability to build trust.

• Flexibility to work extended hours during heavy workload periods.
• Self-motivated and highly organized.
• Ability to prioritize workload and multitask.
• Experience in a high-volume lending environment preferred.
• Great attention to detail.
• Ability to interact with all levels of Staff and Management.

Additional incentive compensation is earned in this role.