Mortgage Lending Underwriter

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Position Summary The Mortgage Lending Underwriter will evaluate and underwrite all mortgage loan types offered by Wellby Financial to accordance with specific state and federal requirements, as well as secondary marketing requirements to limit risk exposure to Wellby Financial's mortgage portfolio and secondary market investors. The Mortgage Underwriter will analyze required loan documentation and information presented in the mortgage loan request and condition and make appropriate loan decisions based on the acceptability of the credit risk, using established Wellby Financial guidelines, secondary market investors, and applicable state and government regulations. This position requires a complete and thorough knowledge and understanding of mortgage underwriting and will have direct involvement in loan origination system (LOS) oversight and management as it relates to underwriting. They will be a part of the Mortgage Lending team and work with a multitude of business partners, both internally and externally. Principle Duties and Responsibilities Willingness and ability to exhibit Wellby Core Values every day. Works with purpose and is driven to provide the best team member experience. Performs other related duties as assigned. Underwriting Underwrite VA, FHA, USDA, and Conventional Loans to secondary marketing investor requirements and/or Wellby Financial portfolio guidelines. Must be able to demonstrate underwriting experience vis-a-vis calculating income and/or appraisal evaluations for all products. Must demonstrate strong knowledge and experience with manual underwriting. Prepare and present counter offers on loans outside of secondary marketing underwriting guidelines. Prepare adverse action notifications, with awareness of the compliance provisions of the regulatory agencies. Review and evaluate documents to ensure adherence to Credit Union, NCUA, USPAP and all other relevant industry guidelines to ensure loan acceptance. Underwriting Policy and Guidelines Develop and maintain all underwriting policies and procedures. Maintain consistent and up-to-date knowledge of all updates and apply those changes not only to the written policies but also communicate them to the mortgage lending team. Subject-matter expert on all mortgage products and any changes to Wellby guidelines and secondary marketing investor guidelines. Maintain and update underwriting guidelines and/or procedural changes in the loan origination system when applicable; will assist LOS with underwriting testing requirements. Underwriting Exceptions Have the capacity and intellect to carefully analyze loan exceptions and rejections; recommend alternative mortgage products better suited to the loan applicant. Work closely with Compliance to implement any regulatory changes to include qualified mortgage (QM) and ability to repay (ATR) requirements. Performs other duties as assigned. Knowledge, Skills, and Abilities (KSA) Knowledge of Wellby's organizational functions, and general operating policies and procedures. Knowledge of secretarial practices and procedures, business English, spelling, and punctuation. Knowledge of personal computers, utilizing Microsoft Office Suite. Knowledge and extensive understanding of mortgage products and guidelines. Skilled in having constructive conversations with leadership around performance, development, and helping to support business goals. Skilled in operating computer equipment and general office machines such as personal computers, copiers, projection equipment, audio/video, Microsoft Teams, Zoom Video Communications, and adding machines. Ability to use their mortgage quantitative and management skills. Ability to communicate information and ideas so others will understand. Must be able to exchange accurate information in these situations. Ability to influence and engage direct and indirect reports and peers. Ability to work effectively across organizational departments and functions to achieve strategic goals. Ability to work in a fast-paced team environment with exceptional member service skills. Ability to communicate clearly and concisely, orally and in writing. Ability to motivate others and to work in a large, cross-functional team dynamic. Ability to efficiently understand and follow oral and written instructions, perform routine duties without close supervision, and establish and maintain effective working relationships with other team members. Ability to coordinate several concurrent activities simultaneously. Knowledge, Skills, and Abilities (KSA) Knowledge of Wellby's organizational functions and general operating policies and procedures. Knowledge of general office practices and procedures, business English, spelling, and punctuation. Knowledge of personal computer, utilizing Microsoft Office Suite and other software. Skilled in operating computer equipment and general office machines such as personal computers, copiers, projection equipment, audio/video, Microsoft Teams, Zoom Video Communications, and adding devices. Ability to communicate clearly and concisely, orally and in writing. Ability to efficiently understand and follow oral and written instructions, perform routine duties without close supervision, and establish and maintain effective working relationships with other team members. Ability to coordinate several concurrent activities simultaneously. Ability to exercise independent judgment. Supervisory Responsibilities The team member does not have supervisory responsibilities. Complex & Scope of Work The team member follows Wellby's policies and procedures, Team member Handbook, and federal and state laws and regulations in accomplishing assignments The team member will ensure policies, procedures, and programs are consistently administered, aligned with organizational goals, and compliant with professional standards. The team member performs routine and generally related tasks without supervisory direction. Tasks may occasionally have to be coordinated, integrated, and/or prioritized. Courses of action are determined by established procedures and/or the Director of Mortgage Lending Operations The team member's work is reviewed periodically for accuracy, completion, and compliance with the policies and procedures. The team member uses independent judgment in making decisions. Physical Demands & Work Environment The physical demands and work environment characteristics described here represent those that must be met by a team member to successfully perform the essential functions of this position. Reasonable accommodations may enable individuals with disabilities to perform essential functions. To perform this job successfully, the team member is frequently required to remain in a stationary position 50% of the time. Daily movements include sitting, standing, reaching, and grasping; operating computers and other office equipment; moving about the office; and attending possible onsite and offsite meetings. The team member must be able to exchange information, in person, in writing, and via telephone. Some degree of stress results from contact with management and other team members. The ability to observe details at close range (within a few feet of the observer). Must be able to occasionally lift items weighing up to 25 pounds across the office and load them onto shelves for various needs. The noise level in the work environment is usually moderate. Work involves the typical risks and discomforts associated with an office environment, but is usually in an adequately cooled, heated, lighted, and ventilated area. Minimum Qualifications Bachelor's degree in general studies, business, management, or related field preferred. High School Diploma or equivalent required. DE, SAR, LAP, or other underwriter certifications preferred. Minimum two (2) - five (5) years of underwriting experience with a minimum of two (2) years in real estate underwriting experience required. LOS and Product understanding with system integration knowledge. Experience working with secondary market investors and management experience is a plus. Bondable For All Candidates This is a Full-Time, Salary (exempt) role. Wellby is an equal opportunity and affirmative action employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, veteran status or any other legally protected characteristic. If you'd like more information about your EEO rights as an applicant under the law, please contact Human Resources. Wellby provides equal opportunity to qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation, please email View email address on click.appcast.io or call View phone number on click.appcast.io for assistance. Disclaimer The statements herein are intended to describe the general nature and level of work being performed by team members and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the Company. Wellby Financial is a member-owned, not-for-profit financial cooperative proudly serving the Greater Houston Metro area. Wellby was originally established in 1961 to serve the employees and families of Johnson Space Center. We have grown into one of the largest credit unions in Houston, serving more than 126,150 members with 21 branch locations and more than $2.5 billion in assets. As a people-first organization, Wellby is open to all who live, work, worship, or attend school in the Greater Houston Metro or Galveston area. For more information, visit wellbyfinancial.com. Federally insured by NCUA. Equal Housing Lender. Equal Opportunity Employer. #J-18808-Ljbffr JSC Federal Credit Union