Mortgage Underwriter II

Job Description

Job Description

ABOUT US
Kemba Credit Union is a not-for-profit organization based out of West Chester, OH. Voted top places to work in Cincinnati since 2019 & recognized as a top workplace in the United States by USA Today in 2022, 2024 & in 2025! We believe that hiring the best people is at the very core of our success. At Kemba Credit Union, every single team member makes a difference, and together we make an impacting the lives of our members.

Joining our team has its perks:

• Generous PTO Including Birthday PTO,
• Company Paid Group Life Insurance,
• 401k Plan with Match of up to 5%,
• Short and Long-Term Disability,
• Ample Growth Opportunities,
• Affordable Insurance Plans,
• Employee Loan Discounts,
• Wellness Program,
• 11 Paid Holidays,
• Profit Sharing,
• And More!

LOCATION REQUIREMENT

• This is an on-site position that requires in-office work inside of Kemba's Operations Center in West Chester, Ohio.
• Remote work is not available for this role and is non-negotiable.
• This position does not include relocation assistance.

POSITION PURPOSE Responsible for reviewing and underwriting mortgage loans. Identifies, analyzes, and evaluates loan risks and compensation factors while ensuring the marketability of closed loans while protecting the integrity of the Credit Union. Approves, suspends, or denies loan applications. Ensures that loans are approved by the Credit Union's standards and procedures, as well as regulatory and compliance underwriting guidelines with any other secondary market requirements. Clearly and concisely communicating needing conditions to Mortgage department staff.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Verifies two-years of employment history and confirms that all income used in qualifying is expected to continue for at least 3-years.
• Assesses hourly income, overtime, bonuses, and commissions used to qualify.
• Analyzes tax returns, income statements, and balance sheets of self-employed applicants to figure total income.
• Evaluates borrowers' credit bureau report: Reviews payment history and debt obligations; Investigates derogatory credit; Calculates debt ratios based off documented income and liabilities.
• Assesses borrowers' assets: Ensures that assets meet closing requirements, are derived from acceptable sources, and provides acceptable levels of reserves as needed.
• Completes all underwriting functions in accordance with various program requirements, including manual and AUS underwriting, as established by secondary underwriting guidelines, FHLB, and Credit Union standards.
• Understands and recognizes compliance and regulatory requirements of each loan.
• Confirms that all lending conditions have been satisfactorily met prior to closing; Ensures the marketability of closed loans and protects the integrity of the Credit Union.
• Analyzes any supporting appraisal documents, as needed, such as but not limited to purchase contracts, condo questionnaires, and/or cost sheets.
• Identifies, as needed, Trust information, Divorce Decrees/Separation Agreements, Lien Releases, Affidavits, Surveys, etc. and reviews them once available.

QUALIFICATIONS

Education/Certification:
A minimum of one of the following:
(1) A two-year college degree, or (2) completion of a specialized certification, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship.
Completion of 24-hours of mortgage underwriting training and successful passing of proctored exam for NAMU-CMMU certification.

Required Knowledge:
Knowledge of financial statements, credit reports, tax returns, appraisals, and titles.
Full understanding of conventional/secondary underwriting requirements and TRID.
Knowledge of Credit Union lending programs, policies, procedures, and standards.
Ability to use all related computer applications.

Experience Required:
Three years to five years of similar or related experience.
Three years to five years of Processing and/or Underwriting experience.
At least six months of Automated Underwriting System experience.
At least six months of Manual Underwriting experience.
At least six months of LOS System experience.
At least six months of Conventional, Construction, or Wholesale Loans.

Skills/Abilities:
Sound credit judgement.
Excellent communication skills.
Good organizational skills and attentive to detail.
Strong math ability; Ability to perform very simple algebra.
Ability to compute payments, interest, averages, profit, loss and ratios of debt-to-income, loan-to-value.
Ability to operate required computer applications, keyboards, calculators, and other basic business machines.