ABOUT US
Redstone Federal Credit Union was founded as a financial institution that transforms lives and strengthens the communities we live in. With more than $5B in assets, Redstone is one of the 25 largest credit unions in the country. We’re looking for driven people who collaborate effectively on a team, but still thrive on their own. Discover a unique opportunity to join an innovative and rapidly growing company today. If you’re passionate about making a meaningful difference in members’ lives, we want to hear from you. We’re currently looking for:
UNDERWRITER/ADMINISTRATIVE LOAN OFFICER
Reviews and analyzes loan applications and renders credit decisions based on member’s credit worthiness and compliance with investor and regulatory guidelines. Accurately and efficiently processes credit decisions to ensure member satisfaction. Utilizes all available resources to provide the best solution to ultimately enrich the member experience.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Underwrites mortgage loan applications and appraisals (i.e. Conventional, FHA/VA, construction/perm, land/acreage, condominium, manufactured housing, jumbo, USDA, and HELOC) in accordance with policies/procedures and investor (Fannie Mae, Freddie Mac, etc.) and regulatory guidelines.
Renders sound lending decisions; analyzes applications for credit worthiness, determines appropriateness of collateral value by reviewing appropriate tax assessments, appraisals, etc., and reviews for loan completeness and accuracy.
Exercises Loan Officer Authority, including but not limited to; appeals, deferrals, extensions, counteroffers and open end lines of credit.
Conducts loss mitigation duties by reviewing and approving loan workout options for members.
Monitors developing trends and changes in the secondary market and mortgage industries and makes recommendations to management.
Assists with consumer and real estate lending training to assist with concerns/questions regarding lending policies, procedures, regulations and secondary market requirements.
Works with other Underwriter/Administrative Loan Officers to assist in the development of training classes for Underwriting Staff and Mortgage Production Department employees, to establish best practice procedures.
Required Skills
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by employees to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Required Experience
EDUCATION / EXPERIENCE
Bachelor’s degree in related field or combination of education and experience.
Minimum of four years mortgage lending experience required with a minimum of 3 years secondary market mortgage underwriting experience required to include VA, USDA and Fannie Mae.
VA SAR Certification required or obtained within the first 6 months of employment.
FHA Direct Endorsement (DE) designation preferred.
Redstone Federal Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status or status as an individual with disability. All qualified applicants will not be discriminated against on the basis of disability.
We are proud to be a Drug-Free and Tobacco Free Workplace.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by employees to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.