1 Mortgage Underwriter II Job in Erie, PA
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Erie Federal Credit Union is Hiring a Mortgage Underwriter II Near Erie, PA
Essential Functions
- Assumes responsibility for providing effective support for all phases of mortgage loan activities.
- Orders appraisals, credit report, titles reports flood determinations.
- Determine collateral needs and payment plans for members applying for loans.
- Reviews applications and information for completeness and accuracy. Clarifies missing or questionable information and follows up with MSO staff for outstanding documents or verifications. Ensures all items necessary are in loan files and performs required validations to ensure compliance with underwriting guidelines. Resolves any outstanding conditions for underwriting to render a loan decision on real estate loans up to $150K without CLO approval. Refer loans to management that require exceptions to policy/guidelines or are outside the scope of normal approval.
- Must have complete knowledge of all credit union policy, CFPB rules and NCUA regulations as they pertain to mortgage lending. Must be knowledgeable on credit union real estate products and First Heritage loan products to ensure the member is being presented with a full range of product solutions. May also assist MSO staff by making suggestions regarding the best financial solutions for members.
- Prepares all estimated and final disclosures and documents in accordance with all underwriting guidelines, credit union policy and federal law for members in accordance with loan products to send to the branch for signing.
- Assembles completed loan package after closing and funding for quality control audit and scanning.
- Must update events in Synapsys to ensure communication to branch staff and to expedite loan applications in a timely manner.
- Weekly tracking of real estate loan pipeline will be required to close loans quickly.
- Assumes responsibility for establishing and maintaining professional business relationships with credit union staff and mortgage professionals.
- Resolves requests and problems promptly and courteously. Answers credit union staff mortgage loan questions regarding applications in process of approval.
- Notifies MSO staff of additional information required.
- Maintains and conveys the credit union’s professional reputation
- Assumes responsibility for establishing and maintaining effective coordination and communication with credit union and First Heritage staff and management.
- Assists and supports MSO staff as needed.
- Completes reports and all documentation promptly and accurately.
- Attend meetings and training as required.
- Keeps management informed of area activities and of any significant problems.
- Work with, train and assist Mortgage Underwriter I staff to ensure understanding of documents, policy/procedure and regulations with First Heritage and in house mortgage loan programs.
- Maintain current knowledge of all Credit Union policies and procedures, including compliance with federal laws and regulations as set forth by the NCUA and other regulatory agencies.
- Attend training courses, conferences and seminars as necessary.
- Requires professional, well-developed interpersonal skills for communicating with members, co-workers and other individuals involved in the lending process.
- Requires high level of organizational skills such as managing files, creating and keeping deadline, coordinating closings, problem solving, analysis, working with data, conflict resolution and a keen attention to detail.
- Requires a highly motivated individual that can take on several tasks at hand.
- A team player is required due to the constant interaction with staff and members and an ever-changing lending environment.
- Requires thorough knowledge of the Credit Union's policies, procedures, products and services regarding the lending function. Requires knowledge of laws and regulations governing lending.
- Requires completion of high school education.
- Requires at least three years of experience in lending with some training/knowledge of the mortgage lending industry.
- Must meet financial responsibility, character and general fitness of the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act).
- Requires intermediate mathematical skills (calculations and concepts involving decimals, fractions, percentages, etc.).
- Requires PC proficiency and knowledge of Office Suite.
- Requires knowledge and experience with the First Heritage Financial, LLC program.
Standing = Frequent Climbing = Occasional
Walking = Frequent Balancing = Occasional
Driving an automobile = Occasional Reaching Overhead =Occasional
Lifting/Carrying = Occasional Reaching Forward = Occasional
Amount of Weight = 25-50 Kneeling = Occasional
Squatting = Occasional Push/Pull = Occasional
Bending = Occasional Twisting = Occasional
Job Summary
Full Time
Banking
$56k-74k (estimate)
05/26/2024
06/05/2024
eriefcu.org
ERIE, PA
100 - 200
1936
BRIAN J WAUGAMAN
$10M - $50M
Banking
Related Companies
About Erie Federal Credit Union
Erie Federal Credit Union is not a bank, savings and loan, or brokerage house. We are a full-service, federally insured Credit Union serving members who live, work, worship or attend school in Erie or Crawford County, Pennsylvania. Since 1936, we have honored our mission to responsibly deliver a wide range of financial services to meet the needs of our membership. We serve our members and community with spirit, compassion and heart. Learn more: www.eriefcu.org/belong **Federally Insured by NCUA**
The job skills required for Mortgage Underwriter II include Underwriting, Mortgage Loans, Analysis, Credit Reports, Mortgage Lending, Problem Solving, etc. Having related job skills and expertise will give you an advantage when applying to be a Mortgage Underwriter II. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Mortgage Underwriter II. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Mortgage Underwriter II positions, which can be used as a reference in future career path planning. As a Mortgage Underwriter II, it can be promoted into senior positions as a Mortgage Credit Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Mortgage Underwriter II. You can explore the career advancement for a Mortgage Underwriter II below and select your interested title to get hiring information.
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