Mortgage Loan Underwriter

At WESTconsin Credit Union, we believe in the power of people helping people. Our mission is to give members, communities, and one another the inspiration, resources, and support to achieve financial wellness. We fulfill our mission by creating a positive impact in our members' lives by providing trusted financial services and building lasting relationships. If you're looking to work for an organization where your contributions matter, where teamwork and community are at the heart of everything we do, and where you can grow in a dynamic, supportive culture—then you're in the right place! We’re more than just a credit union; we strive to make a real difference. Ready to make an impact? Let’s grow together!

What You’ll Be Doing:

• Satisfactorily underwrites all mortgage loan programs/products offered by the credit union
  • Independently underwrites complex mortgage loan applicationsAnalyzes mortgage loan applications and required documentation; ensures fulfillment of all secondary market loan program guidelines and/or WESTconsin Credit Union policies
  • Ensures that all loans are underwritten in compliance with all federal and state requirements
  • Analyzes all loan risk factors and makes approval decisions within established limits
    • Makes approval recommendations to the AVP – Mortgage Quality and Underwriting, and/or the VP – Mortgage Lending for loans which exceed established limits
  • Verifies data accuracy and integrity by reconciling the data entered into the loan origination system with the documentation provided by members and/or third parties
• Maintains high standards for mortgage loan quality and compliance
  • Informs Mortgage Loan Originators and/or Mortgage Processors of required documentation needed to satisfy any AUS findings and other applicable loan program guidelines
  • Reviews AUS findings, credit bureau reports, purchase contracts, and appraisals to ensure compliance with secondary market loan program guidelines and/or WESTconsin Credit Union policies
  • Reviews appraisals, title work, well and septic, flood certifications, child support dockets, and other applicable legal documentation and/or inspections
• Maintains high standards of judgement and integrity
  • Has independent critical thinking skills based upon established credit union procedures and policies
  • Consistently demonstrates ethical decision-making, discretion, and confidentiality
  • Is trusted by leadership and respected by peers
• Develops and maintains relationships with internal credit union teams
  • Collaborates with Mortgage Loan Originators and/or Mortgage Processors to effectively resolve any loan application deficiencies or exceptions identified
  • Is available to Mortgage Loan Originators and Mortgage Processors, and shares specific underwriting practices, considerations, and approaches
  • Effectively communicates loan decisions or requests for additional information and documentation
  • Collaborates with internal team members and departments; is an available mortgage resource to other WESTconsin Credit Union departments and employees
• Assists Mortgage Lending Leadership
  • Assists with any secondary market rebuttals for proposed buybacks
  • Assists with on-going department compliance considerations and activities, such as HMDA and TRID
  • Assists with on-going process improvement initiatives; helps to identify recurring application deficiencies and means for improvement
  • Assists the AVP – Mortgage Quality and Underwriting with the review of and the updating of credit union mortgage policies
  • Assists the AVP – Mortgage Quality and Underwriting with department meetings and/or new employee training needs
• Obtains and maintains relevant mortgage lending knowledge based upon general mortgage lending practices, credit union policies and procedures, and other industry resource

What You’ll Need to Be Successful:

• Bachelor’s degree in a business-related field and five years related experience in the financial services industry and/or mortgage underwriting experience
• Strong written and oral communications skills with an emphasis on urgent and timely responses
• Ability to read, analyze, and interpret mortgage regulations, technical journals, financial reports, legal documents, appraisals, and WESTconsin Credit Union policies

Why Choose WESTconsin:

• Health, Dental, and Vision Insurance Plans
• Annual Healthy Living Fund Contribution
• Student Loan Repayment Program
• Competitive Salary
• Impressive 401(k) Contribution and Match Plan
• Paid Time Off Accrual
• 11 Paid Holidays

Visit WESTconsin Careers

Originally posted on Himalayas