Mortgage Underwriter

Redwood Credit Union is looking for a Mortgage Underwriter who will be responsible for making a decision after reviewing and analyzing residential mortgage loan applications in compliance with secondary market investors, including FNMA and portfolio guidelines and/or lending guidelines and policies. This role ensures sound credit decisions while balancing risk management with excellent customer service.

• Complete a thorough review and analysis of mortgage loan files, including credit, income, asset, appraisal and title reports.
• Determine borrower creditworthiness and ability to repay in accordance with agency, regulatory and underwriting guidelines such as FNMA.
• Issue underwriting decisions—including approvals, conditional approvals, suspensions and denials—with clear, well‑written conditions.
• Ensure compliance with federal, state and investor regulations (TRID, ECOA, Fair Lending, ATR/QM, etc.).
• Communicate underwriting decisions and conditions effectively to loan officers, processors and management.
• Review and clear underwriting conditions prior to final approval and funding.
• Identify potential fraud, red flags and layered risk factors and elevate as appropriate.
• Maintain quality, accuracy and thorough documentation in the loan file.
• Meet production, quality and turnaround time standards.
• Participate in quality control, audits and workflow improvement initiatives as needed.
• Recognize and evaluate the loan process and recommend changes that will help maintain maximum efficiency.
• Review all denied loans and recommend alternative solutions when appropriate.
• Identify ways to increase borrower engagement and make recommendations for cross‑sell opportunities.
• Ensure confidentiality and safeguard sensitive member financial information.
• Perform special projects and duties as assigned.

• Possess math and critical‑thinking skills.
• Ability to build knowledge and understanding of all mortgage loan products offered by RCU.
• Strong working knowledge of real‑estate principles, practices, rules, regulations and sale practices.
• Strong working knowledge of mortgage‑lending guidelines and credit analysis.
• Experience underwriting conventional and portfolio loans.
• Proficiency with LOS systems such as Empower and underwriting tools such as Duke.
• Solid understanding of income calculations (W‑2, self‑employed, rental, restricted stocks, asset depletion, retirement, etc.).
• Strong analytical and risk‑assessment skills.
• Excellent attention to detail and accuracy.
• Ability to interpret complex financial documents.
• Strong written and verbal communication skills.
• Time‑management ability to meet deadlines in a fast‑paced environment.
• Possess sound judgment and decision‑making capabilities.
• Must have a collaborative mindset with loan‑operations teams.
• The ideal candidate has a combination of education and experience equivalent to a high‑school diploma and four years of experience in mortgage loan origination or two years as a designated underwriter.

Base starting range: $39.00 to $52.00 per hour commensurate with experience.

We offer a competitive total rewards package including medical, dental, vision, financial and other benefits.

• Competitive medical, dental and vision insurance.
• Employee performance incentive plan.
• Salary advancement merit increase based on performance.
• 401(k) program with employer match.
• Time off:
  Competitive PTO accrual plus 11 paid company holidays and a birthday day off.
• RCU discounts and perks:
  • 0.75 % discount on standard collateral auto loans.
  • 1 % discount on recreational or boat loan products.
  • 2 % discount on Visa and line‑of‑credit loans through RCU.
  • 0 % interest loan to support visa application fees up to $1,000.
  • 0 % interest loan for naturalization expenses up to $15,000.
  • 0 % interest loan for garment, fitness or home‑office equipment up to $500.
  • 100 % financing for employee‑purchased homes.

• May require extended periods of concentration and document review.
• Ability to stand, bend, stoop, sit, walk, twist and turn.
• Ability to lift up to 15 pounds.
• Ability to use a computer keyboard and calculator.
• Work environment is indoors; majority of the time spent sitting at a desk.

* Redwood Credit Union is not offering Visa transfers and/or sponsor ships for this position.

Internal Team Members:
If you are a current Team Member, please apply through the internal careers page located in RCUNET.

We are an Equal Opportunity Employer.