What are the responsibilities and job description for the Underwriter II position at MEMBER FIRST MORTGAGE LLC?
Member First Mortgage is seeking an experienced and detail-oriented Underwriter to join our growing team!
In this role, you will be responsible for reviewing residential mortgage loan applications and making sound underwriting decisions in accordance with investor, company, and regulatory guidelines. The ideal candidate will have a minimum of five years of underwriting experience and must have actively worked as a mortgage underwriter within the past two years. This position requires strong analytical skills, sound judgment, consistency in decision-making, and a commitment to delivering exceptional service to our credit union partners and members. The successful candidate is a collaborative team player who thrives in a fast-paced environment while maintaining a high level of accuracy and attention to detail.
Founded on the credit union philosophy of “People Helping People,” Member First Mortgage provides full-service mortgage solutions to over 200 credit unions nationwide. Our commitment to honesty, integrity, and exceptional service creates a supportive, collaborative, and rewarding workplace.
Benefits We Offer:
- Generous and competitive healthcare packages
- Employer paid short-term and long-term disability
- Employer paid Life Insurance
- 100% Employer paid Vision
- 401K Plan with match
- 20 days PTO - no waiting periods!
- Fun and collaborative team environment
Responsibilities:
- Analyze mortgage loan applications to determine borrower eligibility and creditworthiness
- Review income, assets, credit history, and liabilities to ensure compliance with underwriting guidelines
- Investigate derogatory credit and evaluate compensating factors when appropriate
- Assess a borrower's ability to meet financial obligations and satisfy loan requirements
- Review appraisals and supporting documentation to ensure property values are adequately supported
- Analyze comparable sales and identify potential collateral risks
- Establish conditions for repairs, inspections, or additional documentation when necessary
- Evaluate collateral quality and overall loan risk
- Approve, suspend, or deny mortgage loan applications based on investor and company guidelines
- Clearly document underwriting decisions and loan conditions
- Request additional documentation or clarification when needed
- Ensure all loan decisions are consistent, accurate, and well-supported
- Complete underwriting activities in accordance with FHA, VA, Conventional, and applicable investor requirements
- Maintain current knowledge of underwriting policies, regulatory requirements, and program updates
- Assist with investor reviews, quality control audits, and post-closing inquiries
- Verify all documentation is complete and lending conditions are satisfied prior to closing
- Communicate effectively with processors, closers, management, and other departments regarding loan conditions and file status
- Provide guidance on complex loan scenarios and underwriting questions
- Maintain strong working relationships with internal teams and credit union partners
- Participate in process improvement initiatives and other projects as assigned
- Bachelor's degree preferred, or equivalent industry certifications and experience
- Minimum of 5 years of mortgage underwriting experience required
- Must have actively worked as a Mortgage Underwriter within the past 2 years
- Experience underwriting FHA, VA, and Conventional loans required
- Experience with RD, Condo, Jumbo, or Construction loans preferred
- Comprehensive understanding of FHA, VA, and Conventional underwriting guidelines
- Working knowledge of financial statements, tax returns, credit reports, and appraisals
- Strong analytical and decision-making skills
- Excellent attention to detail and commitment to accuracy
- Consistent and sound underwriting judgment
- Strong organizational and time management skills
- Ability to prioritize workload and meet deadlines in a fast-paced environment
- Excellent verbal and written communication skills
- Team-oriented mindset with the ability to work independently
- Proficiency in Microsoft Excel, Outlook, and other business applications
If you are looking for a company that is dedicated to your success and is ethically motivated to provide exceptional member service, we encourage you to apply!