Mortgage Underwriter

    • Job Tracking ID: 512165-676812
    • Job Location: Westminster, CO
    • Job Level: Any
    • Level of Education: Any
    • Job Type: Full-Time/Regular
    • Date Updated: 04/01/2019
    • Years of Experience: Not Applicable
    • Starting Date: ASAP
    • Days of the Week: Mon,Tue,Wed,Thurs,Fri
    • Hours: M-F 40
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Job Description

POSITION SUMMARY:

Underwrites residential mortgage loans in accordance with internal guidelines ensuring compliance with company and investor standards. Has current in-depth experience and complete knowledge of Fannie Mae lending guidelines and understands how those relate to internal guidelines. Able to clearly communicate guidelines to customers, loan processors, and sales associates. Able to make timely, accurate decisions on all transactions. Has knowledge of personal and business financial analysis and tax return and balance sheet analysis.

ESSENTIAL FUNCTIONS:

  • Underwriting of conventional loans within established SLA requirements while maintaining file quality.

  • Ability to properly interpret DU, and communicate and document their findings.

  • Responsible for setting and clearing loan conditions on files according to investor guidelines and within established processes and procedures.

  • Must be able to underwrite a minimum of 3 new files per day

  • Assumes responsibility for review appraisals and ensuring that determined values are well documented

  • Responsible for related duties as required or assigned

QUALIFICATIONS

Education/Certification:

  • Minimum of high school diploma

  • Advanced Underwriter certification

Required Knowledge:

  • Encompass experience preferred

  • Knowledge of FHA, VA and USDA loans

Experience Required:

  • Minimum of 3 years working in the mortgage industry as processor, closer or underwriter, doing Conventional purchase and refinance transactions in a fast paced mortgage production environment

  • In depth knowledge of mortgage regulations and Fannie Mae mortgage guidelines

Skills/Abilities:

  • Excellent attention to detail

  • Strong verbal and written communication skills

  • Excellent problem solving skills

  • Thorough understanding of credit and an ability to review complex financial documents

  • Ability to make credit recommendations

  • Strong organizational skills

  • Ability to multi task and handle high work volumes

  • Capacity to work in a team -orientated environment

  • Ability to deliver a difficult message with confidence

  • Ability to prioritize multiple competing tasks and manage time effectively in a fast paced environment while practicing sound lending judgment

  • Ability to meet production, quality and service standards

  • Intermediate experience with Microsoft Word, Excel, and email systems

WORKING CONDITIONS

  • Standard office conditions

  • Low to moderate noise

  • Limited lifting up to 25 lbs.

This description has been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Essential functions, requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.


The Credit Union believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors.

Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.

Experience and Skills

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