Underwriter/Hybrid

Summary

• Reviews information on loan applications to verify for accuracy and analyzes credit information to determine whether applicants qualify for mortgage loans. Recommends and/or exercises discretion to determine appropriate underwriting decision within policy, including approving, denying, or modifying mortgage loans.  Recommendations or decisions may include consideration of multiple courses of action.

Key Responsibilities

• Reviews, analyzes and underwrites large, conventional, unusual or complex loan applications including individual consumer requests and products within company and industry guidelines. Possesses up to conforming loan amount in approval authority.
• Reviews and analyzes appraisal to evaluate market value and determine that the property meets investor standards and qualifies as security for the loan requested.
• Ensures loan processing in accordance with investor and mortgage insurance guidelines.
• Coordinates prefunding quality control to include reviewing mortgage banker loans, performing verbal employment verification, clearing conditions, and checking Freddie Mac exclusionary list.
• Works with clients to prepare mortgage applications and related documentation as needed; helps resolve any outstanding issues.
• Provides underwriting loan notices and loan commitments and analyzes change requests.
• Stays current on secondary market underwriting guidelines and changes to ensure compliance, as well as a thorough knowledge of mortgage insurance policies.
• Manages Approval and Condition Queue to maintain company service standards.
• Ensures the Federal, State, and local regulatory compliance of all mortgage and loan materials.
• Ensures the quality and accuracy of each loan.
• Identifies transaction components that indicate a potential for fraud and performs sufficient investigative work to resolve issues that are identified.
• Professionally communicates the results of file review both verbally and in written format to internal and external customers.
• Is responsible for adhering to operational controls, including compliance with all required regulations and policies such as the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) to ensure the safety and soundness of the State Financial Network.

Education/Experience

• High school diploma plus 3 years of underwriting experience in a mortgage related industry or, equivalent experience.
• Bachelor’s degree preferred

Other Qualifications

Strong demonstrated abilities required:

• Customer/Member Service
• Interpersonal/Team Player
• Presentation Skills
• Motivated/Works Independently
• Analytical/Problem Solving
• Organizational Skills
• Detail Oriented
• Verbal/Written Skills
• Microsoft Office
• Prioritize/Multi-task

Also required:

• Must maintain confidentiality.

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.

• Ability to sit for extended periods; occasional standing
• Frequent use of hands/fingers for typing and operating standard office equipment
• Ability to hear and speak clearly
• Visual acuity to read computer screens and written documents
• Minimal physical exertion; occasional walking 

Other Duties

• This job description is not intended to be an all-inclusive list of responsibilities required for this job. Responsibilities may be assigned or changed at any time.

What we offer to our team members:

• A competitive salary
• Team Based Incentives and Performance Bonus Opportunities
• Referral Incentive Opportunities
• Generous Paid Time Off
• Medical, Dental and Vision plans
• Health Savings Account with employer contribution
• Flexible Spending Accounts
• 401K with employer contribution and match
• Employer paid life insurance/AD&D
• Supplemental insurance plan options
• Employer paid Short and Long term disability programs
• Paid Family Leave
• Tuition Reimbursement
• Training and Development Programs
• Paid Holidays
• Paid Volunteer Time Off
• Employee Assistance Programs
• Pet Insurance

Equal Employment Opportunity

• FMFCU/SFN is an equal opportunity employer and prohibits discrimination against any applicant or employee based on any legally-recognized basis, including, but not limited to: race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), age (40 and over), national origin or ancestry, physical or mental disability, genetic information, veteran status, uniformed service member status or any other status protected by federal, state or local law.

Offered pay rate for this position typically aligns with the minimum to midpoint of the salary range and varies based on factors such as qualifications and experience, budget, and internal alignment.

Salary : $59,418 - $89,063