Mortgage Underwriter

Mortgage Underwriter

Vermont Federal Credit Union values each individual and their unique abilities and strengths to help form the foundation of Vermont Federal's culture. Our employees are at the core of Vermont Federal and we strive to make that a priority every day. As an organization, our stated Purpose is to help Vermonters prosper, no matter where they may be on life's journey. Every employee at Vermont Federal Credit Union contributes in their own way to achieve this goal and is set up for success in a fun, supportive, and collaborative environment. We are looking for friendly, self-motivated individuals who enjoy helping people, have strong communication skills, are detail-oriented, and enjoy working as part of a team. If you are interested in a career in the financial service industry and want to make a difference in your community, we want you to be part of our team. Please visit our website for full details of our very competitive benefits program.

Vermont Federal Credit Union is recruiting for a Mortgage Underwriter out of our South Burlington location.

Hourly Range: $25.42 - $38.13

Job Description:

• Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet Credit Union and government standards.
• Approves, denies, or requests additional information to support sound underwriting decisions.
• Establishes and communicates conditions required for loan approval prior to closing.
• Prepares denial documentation, including Statements of Denial, clearly outlining applicable guidelines and reasoning for decision.
• Assembles documents in loan file, including acceptance or denial, verifies accuracy and consistency of specification on title abstracts, insurance forms, and other required documents. Reviews approved mortgage loans to determine conditions that must be met prior to closing. Enters the numbers and calculates loan interest and principal payment and closing costs.
• Answers questions regarding closing requirements. Returns file to mortgage originator for closing with borrower.
• Evaluates acceptability of loan to corporation that buys real estate loans on secondary mortgage markets (where existing mortgages are bought and sold by investors).
• Delivers outstanding service that is in alignment with the Credit Union's Core Values.

Requirements:

• Three years to five years of similar or related experience
• A two year college degree or completion of a specialized course of study at a business or trade school or completion of a specialized and extensive in-house training or apprenticeship program.
• Strong written and verbal communication.
• A significant level of trust and diplomacy is required, in addition to normal courtesy and tact.

Qualified candidates should apply online via our website:

Don't meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Vermont Federal Credit Union we are dedicated to building a diverse, inclusive and authentic workplace, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.

Please be sure to attach your resume. Applications without an attached resume will be considered incomplete. Vermont Federal Credit Union is an Equal Opportunity Employer.

Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.