Mortgage Loan Underwriter

Mortgage Loan Underwriter

Imagine being part of a company where your growth is valued and your journey is supported. Imagine yourself at Langley Federal Credit Union, where we're dedicated to shaping a meaningful path together. You belong at Langley.

Langley Federal Credit Union is one of the 100 largest credit unions in the United States with over $5B in assets and over 400,000 members. We are constantly growing and have recently expanded to neighboring states and other parts of Virginia.

Langley is committed to being the best place you will ever work, and it all begins with our comprehensive employee benefits package, which includes affordable medical, dental, and vision plans in addition to:

• Educational Assistance, encompassing books, lab fees, registration costs, and more.
• Support for Student Loan Repayment.
• Abundant Career Growth Opportunities.

Time Off That Matters:

• Generous Paid Vacation that starts accumulating from day one, progressively increasing with every five years of service, up to a maximum cap.
• Celebrate 13 Paid Holidays, including your birthday and the day following Thanksgiving; enjoy Floating Holidays too!
• Paid Sick Time for all team members.

Financial Security:

• Highly competitive 401K plan featuring a 6% company match, with immediate vesting with a ROTH IRA option.
• Company-covered short- and long-term disability insurance.
• Complimentary Life Insurance and the choice of additional Voluntary Life Insurance.
• Flexible Health Care and Dependent Care benefits.

Langley Federal Credit Union is currently hiring for a Full Time Mortgage Loan Underwriter to work a hybrid schedule from our Oyster Point Office located in Newport News, VA.

Job Summary:

The Mortgage Loan Underwriter reviews, analyzes, and makes decisions on first and second mortgage residential real estate loan products which align with the organization's overall strategy and within Langley and industry guidelines. The Underwriter ensures mortgage loans are saleable in the secondary market or meet Langley portfolio policy and guidelines. The Mortgage Loan Underwriter works in a fast-paced environment with tight deadlines, often involving shifting priorities and the work independently.

Essential Functions, Duties, and Responsibilities:

• Determines and thoroughly documents loan conditions and provides clear communication to processors and loan officers regarding documents needed for mortgage loan files to ensure quick turnaround time.
• Reviews loans for accuracy and compliance with investor guidelines, Federal regulations and credit policy and recommends approval for Langley.
• Analyzes a broad range of credit and compliance documents related to the mortgage lending process and evaluates loan risk through verification of loan application information.
• Possesses lending authority up to 500k on first mortgages, HELOC's, or additional approved portfolio products.
• Makes loan decisions independently (approves or denies loan application).
• Provides special project support and input into new products or initiatives to department.
• Provides prompt, professional and quality service to originating branches, loan officers and correspondents.

Qualifications:

• Bachelor's degree in a business-related field or equivalent work experience in a mortgage lending environment with at least one year of underwriting experience required.
• One year of experience with Automated Underwriting Systems and working within a virtual environment with documentation and business partners required.

Targeted Salary Range- $57,100 - $72,000 based on qualifications and experience

Competencies:

• Service Champion – Adopts a service orientation, building trusting relationships and delivering value for associates, members, and communities.
• Langley Ambassadors – Demonstrates a passion for Langley's vision, encouraging diversity, equity and inclusion while considering Langley's values when making decisions and taking accountability for delivering results.
• Agile in Action – Adapts to changes in the business, demonstrating innovation to improve Langley and advance the business into the future.
• Team Driven – Collaborates across Langley, communicating with transparency and prioritizing a team-based approach that delivers optimal outcomes for associates, members, and communities.
• Continuous Learners – Maintains an understanding of Langley's business and how value is delivered to members and actively pursues opportunities to grow oneself and strengthen the organization.

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions, duties, and responsibilities of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Working Conditions:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level is typically moderate.

This job description is not designed to cover or contain a comprehensive listing of functions, duties or responsibilities that are required of the employee. Functions, duties, and responsibilities may change, or new ones may be assigned at any time with or without notice.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities 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.