What are the responsibilities and job description for the Mortgage Underwriter I, Full-Time, Hybrid MA position at Digital Federal Credit Union / DCU?
Schedule
Monday - Friday 8a-5p
What You’ll Do
Summary/Objective:
The Mortgage Underwriter I is responsible for analyzing, underwriting and decisioning all mortgage loans consistent with department and secondary market standards.
Essential Functions:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Analyze, underwrite and decision all mortgage loans to appropriate servicer guidelines ensuring soundness, accuracy and compliance with DCU and Investor standards.
- Maintain knowledge of current changes to investor guidelines, product changes, the general financial industry, and the real estate market.
- Maintain knowledge of compliance laws applicable to mortgage and home equity loan originations,including but not limited to: Equal Credit Opportunity Act (ECOA), Real Estate Settlement Procedures Act (RESPA), Regulation Z (Truth in Lending, Know Before You Owe), Regulation C (Home Mortgage Disclosure Act - HMDA), and other state and federal laws which may be applicable.
- Assist with the loan origination teams with loan structuring, re-structuring and loan scenario review requests.
- Work closely with mortgage processors, Team Leaders and other underwriters to maintain and develop better quality loan files.
- Exercise discretion and independent judgement in underwriting loans to support the business goals of the DCU.
- Assist in the development and maintenance of department policy and procedure documents.
- Contribute to department projects and initiatives as an individual and through team cooperation.
- Ensure compliance with all applicable state and federal laws and regulations.
- Perform other job-related duties as assigned by Managers(s).
What You’ll Need
Education and Experience Requirements:
- 3-5 Years of underwriting or related experience
- Requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations.
- BA/BS degree preferred (or equivalent work experience)
Additional Eligibility Requirements:
- Technical Skills (word, excel, outlook etc.)
- Professional Written and Verbal Communication Skills
- Proficient working with DU, LPA, and AllRegs
- Knowledge of Loan Operating Systems (LOS), Product & Pricing Engine (PPE), Tableau/PowerBI, Compliance & Regulators Software, Mortgage Insurance Requirements
What We Do
DCU is the largest credit union headquartered in New England – serving more than one million members in all 50 states. With over 1,700 team members, we strive to make DCU a great place to work with an excellent work-life balance and a community that cares.
DCU is an equal-opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
If you’re applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to careers@dcu.org and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.
DCU is not currently offering Visa transfer/ sponsorship for this position.
Excepted Pay Range
#INDMI
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Salary : $30 - $34