Loan Underwriter - ON SITE

Are you looking to have a positive impact on people in your community? Connex Credit Union is looking for diverse talent who are motivated to improve the financial well-being of others. We’re a company with a long and successful history where trust is important and exceptional customer service is the standard. We are committed to our employees, our members and the communities we serve. If you want to make a difference and be part of a growing, inclusive organization, join us in our mission.

Benefits:

• Competitive compensation.
• Medical, Dental and Vision coverage.
• Paid time off.
• 401K contributory plan with company match.
• The opportunity to become involved in community outreach.

A loan underwriter’s primary role within the organization is to evaluate consumer and home equity loan requests using standard underwriting guidelines in order to obtain a loan decision and to ensure compliance of the loan, based on knowledge of credit union practices and procedures. Underwriters demonstrate sound judgment in the analysis of required documentation while mitigating organization risk through appropriate decision making and are responsible for ensuring the credit union maintains a portfolio of safe and profitable loans. Underwriters maintain a working knowledge of all credit union and industry underwriting standards in order to ensure all applications that are underwritten are processed accurately and efficiently.

Essential Functions and Responsibilities: includes the following, and other duties may be assigned.

• Review, analyze and underwrite all home equity loans and consumer secured and unsecured loan requests. Serve as 2nd level credit review for Home Equity products.
• Maintain consistent monitoring of Home Equity pipeline to ensure regulatory requirements are being met.
• Assemble and verify accuracy of closing documentation for loans. Ensure documentation is within all compliance and credit union guidelines.
• Evaluate real estate appraisals and complex title search issues, along with the ability to interpret income tax returns and other investment income sources.
• Make recommendations for exception approvals based on factors falling outside the realm of standard underwriting procedures and proactively counsel and suggest program alternatives to meet the borrower’s needs.
• Contribute to the credit union’s profitability by making consumer loans which meet standards for economic value and safety.

7. Adheres to all Credit Union policies and procedures. Responsible for compliance with the following regulations: TILA- RESPA ,BSA, OFAC, HMDA, Regulation B, Fair Lending and other regulations, as required.

8. Coach originators, Branch Liaisons, and branch personnel with questions regarding underwriting and product knowledge.

9. Assist with HMDA compliance, including quarterly and annual reviews

10. Assist Underwriting Manager with monthly reports and 3rd party Vendor monitoring.

Performance Measurements (if applicable):

Qualifications and Requirements:

• 3-5 years of consumer underwriting experience
• Bachelor’s degree
• Ability to organize and prioritize workload to meet deadlines.
• Understanding of mortgage auditing and quality control process.
• Ability to multi-task and must be detail oriented.
• Strong knowledge of consumer underwriting guidelines
• Strong proficiency in Microsoft Office applications
• Sound judgment, problem-solving, and decision-making abilities
• Flexible working schedule
  • Ability to work 40+ hours per week per assigned schedule
• Continued education through selected training courses