Mortgage Loan Underwriter

TEG Federal Credit Union

Aug 4th, 2022
$ 70000 - 80000 / Year
TEG Federal Credit Union (formerly Taconic Educators and Government Federal Credit Union) is a federally chartered credit union in the New York counties of Dutchess, Orange, and Ulster. As of 2010, the institution has $148 million in assets, 59 full- and part-time employees, and 18,500 members.The credit union provides savings and checking accounts, home and car loans, as well as Visa credit and debit cards.
Poughkeepsie, New York, New York, United States
https://www.tegfcu.com/
At TEG Federal Credit Union, we pride ourselves on being more than just a financial institution; we’re a caring team dedicated to each other and our community. We are seeking an organized and detail-oriented
Mortgage Loan Underwriter to join our Residential and Commercial Lending team in Hopewell Junction, NY.

As the Mortgage Loan Underwriter, you will be primarily responsible for approving or denying mortgage loans, following Credit Union standards. This is an exciting opportunity to be a part of an organization that encourages individuals to learn, grow, advance, and achieve excellence in a collaborative and supportive environment.

Perks and Benefits:

  • Work-life balance and supportive, team-oriented environment
  • Comprehensive health, dental, and vision insurance
  • 401k match
  • Defined benefit plan (Pension)
  • Paid Time Off, and more!

What you’ll do as the Mortgage Loan Underwriter (Responsibilities):

  • Underwrite loan files to agency, investor, and MI guidelines, including portfolio products
  • Ensure all documentation is compliant and follows regulations and guidelines
  • Review borrower credit, income, and assets; property documentation and appraisals
  • Clear underwriting conditions electronically and sure loan is complete, accurate, and complies with guidelines and regulations
  • Complete all necessary forms and record all data and status into Loan Origination System (LOS)
  • Analyze loan risk and make loan eligibility decisions to approve, refer, or reject loan applications
  • Stay current on all secondary market guidelines, with focus on Freddie Mac, Fannie Mae, FHLB, and other credit union investors
  • Assist mortgage officers and processors with preliminary income and collateral review as needed

What we’re looking for (Qualifications):

  • Must have 2+ years of underwriting experience OR 5+ years of similar or related experience in mortgage processing or origination
  • Experience with conventional and portfolio loan programs is required
  • Experience with jumbo, construction and renovation, government (FHA & VA) programs is preferred
  • Must be familiar with current mortgage and compliance regulations (i.e. RESPA, Reg Z, Reg B, ECOA, TRID, Fair Lending, Appraisal Independence Requirements (AIR), Ability to Repay (ATR), Qualified Mortgage (QM))
  • Must understand how to calculate and verify income and assets, evaluate credit reports, purchase contracts, appraisals, title commitments, and other loan documentation
  • Experience with mortgage LOS (preferably Mortgage Director), automated underwriting systems and other mortgage related systems
  • Strong written and verbal communication, organization, and data analysis skills

Pay: $70,000 – $80,000 / year, based on experience

Apply NOW for immediate consideration!

TEG Federal Credit Union is an Equal Opportunity Employer. Applications are considered on the basis of skills, experience and qualifications without regard to race, age, creed, color, nationality, gender, sexual orientation, gender identity, marital status, military background, disability or any other legally protected status. All employment related decisions are made in accord with this policy.

If you require alternative methods of application or screening, you must approach TEG Federal Credit Union directly to request this, as we're not responsible for the employer's application process.

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