Mortgage Loan Originator/Processor

PRIMARY FUNCTION Underwrite first and second mortgage loans based on guidelines established by agencies, investors and Virginia Credit Union (VACU) guidelines. Maintain ongoing training for loan originators and processors on changes and updates to underwriting guidelines established by agencies and credit union. Examine loan documentation for accuracy and completeness to determine credit worthiness. Work with the production staff to secure all required documentation. Requires daily contact with Originators, Processors and Underwriters. JOB DUTIES AND RESPONSIBILITIES Provide quality member service to meet the standards set by mortgage management and the Member Experience team.

Review and analyze loan files submitted for members to ensure file meets loan program requirements, including loan application, credit profile and reports, debt and assets, income/financial statements, loan values/loan‑to‑value ratios, appraisal reports, collateral and supporting documentation.

Identify and calculate loan risk of loss.

Assist VACU staff members with questions regarding VACU first and second mortgage products.

Underwrite conventional (FNMA/FHLMC) and government (FHA/VA/VHDA & USDA) mortgages.

Perform underwriting of self‑employed borrowers using tax returns, business returns, etc.

Ensure compliance with Federal, State and local government accounting and financial reporting standards and controls.

Underwrite files within an acceptable time frame determined by mortgage management, with primary emphasis on first mortgage loans.

Discuss loan denial decision results with loan officers and loan advisors/processors.

Assist First Mortgage management to investigate audit exceptions and formulate responses.

Determine mortgage loan file risk based on compliance, agency, investor, and VACU guidelines to ensure saleability with minimal loss.

EXPERIENCE AND KNOWLEDGE Considerable demonstrated experience underwriting conventional (conforming and non‑conforming) and government (FHA, VA, USDA, VHDA) first and second mortgage residential products.

FHA Direct Endorsement, VA Credit Certification, VA SAR, USDA and VHDA certifications preferred.

Experience with operation of Automated Underwriting Systems (AUS) required.

Experience in mortgage origination (sales and processing) a plus.

Knowledge of tax return and balance sheet analysis, including both cash flow and AGI methods.

Computer experience required.

Bachelor’s degree from a four‑year college or university. Preferred: five years or more related experience in automated underwriting systems including FNMA’s Desktop Underwriter and knowledge of FNMA and all government program underwriting guidelines and/or training, or equivalent combination of education and experience.

Knowledge of tax return and balance sheet analysis, including cash flow and AGI methods.

BENEFITS We’re proud of the opportunities, training, benefits and work‑life balance we provide to those who help people take their money further, and reach their goals sooner. We strive to provide a culture where employee development, teamwork, integrity, respect and quality of life are the cornerstones of delivering superior member experience. EEO STATEMENT Virginia Credit Union is an Equal Opportunity Employer.

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