Mortgage Loan Underwriter - Middletown, NY

Description Are you an experienced mortgage professional who's skilled in evaluating credit, income, assets, and loan documentation to make sound lending decisions? Do you have strong knowledge of conventional, FHA, VA, and USDA loans, with a proven ability to balance risk, compliance, and customer service while helping loans move efficiently from application to closing? Position Purpose This position is responsible for underwriting first mortgage loan applications. Review required loan information and analyze loan applicant’s credit history. Approve or deny loan applications based on analysis. This position will have lending authority as determined by the Real Estate Lending Manager and the Vice President of Lending. Performs a variety of support duties related to the lending function within the credit union. This position will also assist in the underwriting of second mortgages and HELOCs as needed and assigned by the Real Estate Lending Manager. Will work with the Mortgage Processor in the capacity of coaching and mentoring on all aspects of mortgage underwriting. May also have the responsibility for generating reports for senior management as directed by the Real Estate Lending Manager. Responsibilities Maintain a thorough understanding of FNMA conventional Mortgage underwriting guidelines as well as all applicable private mortgage insurance guidelines and procedures. Set pricing for mortgages using FNMA pricing model and HFCU’s FNMA and Portfolio Premium Target procedures. Use FNMA Desktop underwriter to receive approval/decline decision on Mortgages. Commit / Sell loans to FNMA at desired profitability and in accordance with FNMA and HFCU policies and procedures. Maintain a thorough understanding of HFCU policies that fall within those parameters. Refer Mortgage loans to Mortgage Partner(s) as necessary. Assist Financial Service Representatives with the loan application process to ensure completeness of information. Review and Approve/Deny Real Estate Lending Appraisals in accordance with HFCU policy. Review and Approve/Deny Real Estate Title work and Insurance work, including Flood Insurance in accordance with HFCU policy. Calculate debt-to-income ratios on loan applicants and how much of a loan applicant's debt is secured or unsecured. Review Real Estate Loan Reworks and determine collateral needs and payment plans. Approve or deny loan applications. Must maintain a complete working knowledge of RESPA, HMDA, Truth in Lending and all necessary lending compliances. Explain reasons for declines and provide counter offers whenever possible. Process adverse action notices for declined loans. Verify the accuracy of loan amounts and repayment terms on approved loan applications. Perform responsibilities of position in accordance with federal and state regulations, credit union policies and procedures. Assist in training new employees. Recommend changes to improve workflow, efficiencies and quality. Cross-sell credit union products and services as appropriate. Process/Analyze/Maintain Lending Department reports as assigned. Meet Core Competency Requirements. Meet or exceed the objectives set for accuracy, volume and profitability of all real estate loans as well as meet or exceed established service level and business unit strategic goals. Collaborate effectively with branch personnel, processors and other underwriters to ensure that loan applications are fully completed, the necessary supporting documentation is received, and the loan closes properly. Work together with all areas of lending including origination, consumer lending, servicing, and collections to ensure an efficient, effective team-based division. Participate in department and/or strategic projects as directed. Serve as a resource on real estate products/services of the Credit Union; respond to internal and external loan related member questions & research; may provide guidance on real estate lending practices, loan policies and procedures. Recommend operational procedures to increase effectiveness of department operations. Performs other related and unrelated duties as requested and therefore required. Education/Certification Four-year bachelor's degree in business and two plus years’ experience in Mortgage/Home Equity underwriting. Knowledge Knowledge of accounting principles, underwriting and compliance guidelines, and good communication skills. This position requires that the employee gain a working knowledge of Bank Secrecy Act (BSA) requirements and how they will affect their work. The employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance. Experience Experience using PC-based software including Microsoft Office. Skills/Abilities Ability to project a professional appearance and positive attitude at all times. What’s in it for you? Salary: $28.98 - $36.23 per hour (depending on experience) Benefits Paid Time Off & Paid Federal Holidays Medical, Dental, Vision & Life Insurance Employee Assistance Program Flexible Spending Accounts (FSA)/Health Savings Accounts (HSA) Supplement Benefits: Critical Illness Care, Identity Theft Protection, Pet Insurance, Legal Services BenefitsPlus+ perks program (travel, entertainment, gift cards and so much more) CareNet - benefits concierge service 401(k) with 5% Employer Match Educational Assistance Paid Time to Volunteer HFCU Logo-wear (that our employees wear with pride!) Equal Opportunity Statement Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status. #J-18808-Ljbffr Hudson Heritage FCU