Job Description

SUMMARY  Under the direction of the Real Estate Underwriting Manager, the Real Estate Underwriter is responsible for underwriting and evaluating all mortgage applications submitted to the Real Estate Department.   Underwrites complex 1-4 family residential mortgage applications in a high volume setting and in accordance with regulatory and secondary market investor requirements.  Reviews applications for completeness, accuracy and required documentation and makes loan decisions within designated loan authority and within the required time frames.  Communicates regularly with management regarding pipeline status with the goal of maximizing efficiency of the loan process.

 

ESSENTIAL FUNCTIONS 

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The following statements are intended to describe the general nature and level of work being performed by this position.  It is not intended to be an exhaustive list of all duties, responsibilities, and skills required of this position.  Other duties may be assigned to meet business needs.

_ _

• Performs thorough review and analysis of complex mortgage loan applications and makes loan decisions in accordance with the Credit Union’s lending policies, authority, applicable regulatory statutes, and adherence to secondary market investor requirements.
• Seeks ways to approve loan application requests while maintaining lending prudence.
• Reviews and analyzes complex personal and corporate tax returns and financial statements in order to derive qualifying income.
• Reviews property appraisals, title reports, credit reports, verifications and all lender required documentation and prudently assesses the credit risk of loan requests.
• Maintains real estate loan underwriting authority as granted by the Credit Union. This will be accomplished by maintaining working and technical knowledge of the real estate lending processing and underwriting requirements in accordance with the Credit Union and secondary market investor requirements.
• Supports the loan processors as needed to order preliminary title reports, credit reports, appraisals, verifications and any other processing duties.
• Responsible for ensuring HMDA reportable fields are updated in Loan Application and Loan Origination System.
• Responsible for submitting loan applications to the Automated Underwriting System and assessing the analysis provided by the AUS.
• Responsible for upload and review of appraisal report to the UCDP.
• Responsible for upload and review of loans to the investors Collateral Underwriter site.
• Ensures loans meet all regulatory time frames and guidelines such as making sure a loan is not a HPML and is a QM loan.
• Provides training and support to Mortgage Processors in relation to the productivity and growth of the Real Estate Department.
• Performs duties in compliance with Credit Union policy and appropriate regulatory statutes.
• Maintains current job knowledge of Credit Union policies, procedures, and services. Uses cross-selling techniques to promote other Credit Union services.
• Regularly attends and participates in in-house training.
• Performs duties as assigned by management and may be assigned to work at any location.

 

COMPETENCIES

•  Communication
• Member Service Orientation
• Quality/Quantity
• Job Knowledge
• Judgment
• Self-Management

 

QUALIFICATIONS

 The qualifications listed below are representative of the knowledge, skill and/or ability required to perform the essential functions of this position.

 

_EDUCATION AND EXPERIENCE _

• Five or more years increasingly responsible experience obtaining knowledge and understanding of real estate lending procedures, practices and policies and credit fundamentals.
• Five or more years’ experience in real estate underwriting.

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CERTIFICATES, LICENSES AND REGISTRATIONS

• Obtain NMLS registration.

KNOWLEDGE

• Credit Union products, services, programs and promotions.
• Credit Union real estate policies, procedures and practices.
• Knowledge of various computer systems and software necessary to effectively perform job.

                                                                                             

OTHER SKILLS AND ABILITIES

• Ability to be bonded.
• Performs duties accurately and efficiently, even with frequent interruptions.
• Operates a variety of office equipment and machines.
• Travels, attends, and participates in meetings, seminars, and conferences held before and after normal business hours that may require unaccompanied long-distance travel and overnight lodging.
• Ability to work a variety of hours, including evenings and weekends.

 

PHYSICAL REQUIREMENTS 

 The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

 

 

While performing the essential functions of this job, the employee:

 

Occasionally

(up to 3 hours per workday)

 

Frequently

(3 - 6 hours per workday)

 

Regularly

(more than 6 hours per workday) 

 

Sits

 

 

 

 

 

                                X

 

Stands

 

                                X

 

 

 

 

 

Walks

 

                                X

 

 

 

 

 

Bends neck or waist

 

                                X

 

 

 

 

 

Twists neck or waist

 

                                X

 

 

 

 

 

Stoops or kneels

 

                                X

 

 

 

 

 

Uses hands to finger, handle or grasp

 

 

 

 

 

                                X

 

Repetitively uses fingers

 

 

 

 

 

                                X

 

Reaches, pulls or pushes below shoulder level

 

 

 

                                X

 

 

 

Reaches, pulls or pushes above shoulder level

 

                                X

 

 

 

 

Lifts and carries

 

  11 to 25 pounds

 

 

 

 Up to 10 pounds

 

Talks 

 

 

 

 

 

                                X

 

Hears

 

 

 

 

 

                                X

 

Sees

 

 

 

 

 

                                X

 

Drives a vehicle

 

                                X

 

                                 

 

 

 

WORK ENVIRONMENT

 The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.   Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

 

 

Working Condition

 

The worker is not substantially exposed to adverse environmental conditions.

 

Mobility

 

Moderate

 

Noise Level

 

Moderate

AFFIRMATIVE ACTION/EEO STATEMENT:

CoastHills Credit Union is an Equal Opportunity/Affirmative Action Employer.   All qualified applicants will receive consideration for employment, without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

Monday - Friday: 8:00 AM - 5:00 PM Full-Time: 40 hours/ week