Mortgage Underwriter

3

Rivers Federal Credit Union provided pay range

This range is provided by 3

Rivers Federal Credit Union. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

$63,450.00/yr - $92,250.00/yr

Reports To: Mortgage Underwriting Manager

Location: Onsite

Position Type: Non-Exempt

Pay: $63,450- $92,250/yr

Note: Pay is dependent on pay and experience, with the top of the pay range reflecting someone who has held a similar position with a similar title and responsibilities for 10+ years.

Variable Incentive Pay / Merit: This position is eligible for variable incentive pay based on individual and credit union performance. In addition, the position is also eligible for merit‑based pay adjustments after the completion of one year of service, based on personal performance.

Reviews, analyzes, and underwrites 1st and 2nd mortgage loan requests utilizing sound lending decisions. Measures expectations for fraud, delinquency and loss. Utilizes approved lending and credit evaluation guidelines adopted by the Credit Union. Assists in supervising the system of checks and balances associated with pricing, rates, fees, and rate‑locks for lending requests. Maintains communication with the mortgage team members working with the membership.

Obtains and evaluates credit information on applicants to render sound credit lending decisions. Enters and processes assigned internal software applications in a timely and accurate fashion. Supports reasons for denials and follow‑up with required regulatory adverse action notifications to applicants.

Responsible for the Credit Union’s consumer credit granting decisions. Examines current credit history and member relationship to suggest additional products and services (cross-sell). Recommends lending products that would better suit the member’s needs at the time of the request.

• Extensive experience and thorough knowledge of the 1st mortgage lending industry
• FHA underwriting experience and endorsement
• Working knowledge of lending practices and procedures.
• Knowledge of office procedures and equipment.
• Computer knowledge with exposure to Microsoft
• Excellent verbal and written communication skills.
• Exceptional organizational skills.
• Ability to maintain composure and positive attitude at all times.
• Good knowledge of loans, types and purposes
• Must be able to use sound judgment at all times
• Exercises judgment with management team to make decisions based on data and process knowledge.
• Ability to analyze work flow and develop procedural modifications.
• Focused on quality and problem resolution.
• Adheres to all federal, state and credit union regulations and policies.

Work Environment & Physical Effort

Required:

Normal

• Minimum of 5 to 7 years of mortgage lending experience
• 3-5 years’ history of underwriting 1st mortgage loans at a pace of 5 to 8 per day
• High School diploma or equivalent
• Bachelor’s Degree in a related field

• Commitment - Be all in.
• Consistency - Be all in EVERY DAY.
• Innovation - Think (UYH) and ASK WHY.
• Integrity - Do the RIGHT thing, not the easy or quick thing.
• Quality - Do an OUTSTANDING job, don't run out of GAS.
• Trust - Hold trust and be trustworthy.
• Value - Make members lives better, easier, safer; help them fulfill dreams; help them to do what they don't know how to or think isn't possible even if it's not here (see integrity above); make them wiser; help them build wealth (beyond saving $$)

Seniority level: Mid‑Senior level

Employment type: Full‑time

Job function: Finance and Sales

Industries: Banking