Mortgage Underwriter

Location

Yorktown, Virginia

Mortgage Underwriter (Full-time) – Scheduled hours: 40 hours per week, 8:30 a.m. to 5:00 p.m., Monday through Friday.

1st Advantage Federal Credit Union – serving members in the Hampton Roads community since 1951.

The Mortgage Underwriter will review and decide mortgage, correspondent, and home equity loans, following Credit Union underwriting guidelines and/or agency underwriting guidelines, while remaining in compliance with all state and federal laws.

• Dollar-for-dollar matching 401(k) plan to 4% of earnings.
• Choice of three medical plans
• Flexible Spending Accounts
• Health Savings Accounts
• Choice of two Dental plans
• Vision
• Basic Life & AD / D Insurance – no cost
• Optional additional life insurance for colleagues, spouses, and children
• Long-term Disability Insurance – no cost
• Short-term Disability Insurance – no cost
• Employee Assistance Program – no cost
• Critical Illness, Accident, and Hospital Indemnity Plans
• Generous paid time off accrual program
• 11 Paid holidays
• Pre-paid legal services
• Pet Insurance
• Discounts on consumer loans and mortgages, increases on savings products, and much more!

• Decide first mortgage loan applications, correspondent loan submissions, and home equity loan applications according to credit union and/or agency guidelines depending on the product.
• Assist in training, mortgage appraisal analysis and other assignments by management. Make recommendations regarding loan policies and procedures updates, including credit union underwriting guidelines. Provide monthly quality assessments of loan officer submission quality to branch management.
• Field phone calls and answer questions regarding decisions made, from both internal colleagues, members and correspondent lenders.
• Perform other job-related duties as assigned.

• Produce underwriting decisions within stated service level agreements ensuring compliance with all guidelines.
• Maintain low delinquency ratio.
• Provide an informed, professional, courteous atmosphere with all communication offered to members, colleagues and third parties.
• Provide quarterly underwriting and appraisal review meetings.
• Proactively demonstrate the 1st Advantage FCU core values of accountable, adaptable, driven, dependable, and fun.

• Experience:
  
  Two to three years of similar or related experience.
• Education:
  
  (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
• Interpersonal
  
  Skills:
  
  Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.
• Other
  
  Skills:
  
  Ability to produce a high volume of work in a very fast-paced environment. Excellent communication skills. Ability to analyze data in loan applications and make decisions using logical decision-making skills that weigh the outcomes of a decision. Strong analytical skills, using solid judgment and ingenuity in decisions. Must be good with detail, numbers and have good organization and interpersonal skills. Continuous alertness, precision and concentration to ensure accuracy and thoroughness of work.

• Talking – Effective verbal communication to convey and acknowledge receiving detailed or important instructions accurately, loudly, or quickly.
• Average Hearing – Able to hear average or normal conversations and receive ordinary information to communicate effectively.
• Finger Dexterity – Using primarily just fingers to make small movements such as typing, picking up small objects, or pinching fingers together to use office equipment such as phones, computers, scanners, and other office machinery.
• Repetitive Motion – Movements frequently and regularly required using the wrists, hands, and/or fingers.
• Average Visual Abilities – Average, ordinary visual acuity necessary to…