Senior Mortgage Underwriter

Reports To: Mortgage Underwriting Manager

Pay Level: 10 $30.87 to 46.31 per hour

Date: October 2026

Position Objective:

The Sr. Mortgage Underwriter is responsible for the accuracy and expediency of mortgage underwriting activities and that underwriting goals are achieved. Ensures an efficient mortgage underwriting process and that all underwriting decisions are in compliance with Minnco loan policy, federal, state and NCUA regulations and laws, and secondary market/PMI guidelines. Responsible for maintaining credit quality and administration of FNMA DU.

Essential Duties and Responsibilities:

• Approve or reject mortgage loan applications or request additional information in a consistent and timely manner
• Review mortgage loans to ensure accuracy and completeness, validate findings to verify that all information matches. Instruct Mortgage Loan Originators and Mortgage Loan Processors on any errors for training purposes.
• Review title to verify the customer has ownership on a refinance transaction and that the seller has ownership for purchase transaction. Check that the chain of title meets investor requirements. Verify there are no unpaid liens or judgments and that all mortgage liens are being paid off through the transaction.
• Verify that the rate lock matches the underwriting file with the correct program, LTV, credit score.
• Perform mortgage credit analysis, with or without the assistance of automated underwriting system, to determine borrower’s willingness and ability to repay the mortgage debt.
• Evaluate risk to ensure a prudent decision is made.
• Perform a detailed review of appraisal for one-to-four family residential properties to determine acceptability of security for portfolio loans and loans sold to investors.
• Partner with the Mortgage Underwriting Manager to ensure that credit decisions are made within targeted timeframes and meeting purchase contract deadlines.
• Review all origination files to ensure the customer has been offered the best mortgage program. Adhere to guidelines to ensure all loans are closed properly according to internal and external investors in a timely manner.
• Ensure that all fair lending and compliance policies are followed both in dealings with customers, as well as the underwriting decisions that are made. Monitor all secondary Investor, Government and MI guideline changes and determine effect on current and future loans. Be responsible for all compliance functions for the bank with examiners, auditors, secondary market. Responsible for review of all mortgage loans that have been selected for review. Work with staff to address any deficiencies found to eliminate future issues. Work with secondary market investors on any post-closing issues or audit.

Leadership and Professionalism

• Maintain and uphold Minnco’s Core Values in all work
• Ability to act with integrity and professionalism while maintaining confidentiality and objectivity
• Maintain a professional image of Minnco by maintaining a neat workspace, wearing proper attire and greeting all with a positive attitude and a smile

Required Qualifications

• High School Diploma or equivalent
• Three or more years of mortgage underwriting experience including automated underwriting and secondary market guidelines and private mortgage insurers.
• Experience working with Fannie Mae guidelines, programs, underwriting standards, and loan delivery requirements.
• Comprehensive knowledge of mortgage lending practices, including federal and state regulatory requirements
• Excellent written and verbal communication skills

Desired Qualifications

• Four-year degree in a related field
• Proficient in Microsoft Office and Teams environments with the ability to easily learn different programs and applications
• DNA Experience
• Previous experience within a financial institution, preferably credit unions

Environment and Physical Demands:

The majority of work will require sitting/standing while using the computer, and participating in meetings (in person, while on the phone, or online). Using finger dexterity for typing on the keyboard plus reading and viewing computer monitor.

Work Location

Employee will work in an office setting with low noise level, full-time Monday thru Friday between the hours of 8am and 5pm, with occasional weekend work during business hours. Position is hybrid requiring travel to other branches.

Our Company

Since 1935, Minnco Credit Union has provided the people of East Central Minnesota with quality financial products and services at the lowest possible cost. Having grown to more than 30,000 members, Minnco Credit Union is preserving its rich tradition by continuing to provide our members with new, convenient products and services to meet the demands of today’s hectic lifestyles.

Our Core Values

The acronym STRIVE encompasses our core values of Strength, Trust, Respect, Integrity, Value, and Engagement. At Minnco, we are committed to providing these values to both our members and employees and therefore STRIVE to fulfill these principles every day.

Benefits Offered

• High Deductible Health Plan at low cost to employees, with a $2000 employer contribution to your eligible HSA account.
• Flexible Spending Accounts
• Life Insurance, Long Term Disability and AD&D for Full-time 40-hour employees
• Long Term Disability insurance which pays 60% of salary after 90 days
• Employee Assistance Program
• MN Paid Family and Medical Leave

Complies with the Bank Secrecy Act/Anit-Money Laundering/CIP (U.S. Patriot Act), privacy procedures and policies.

Minnco Credit Union does not discriminate based on race, sex, color, religion, ago, nationality, origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.