Mortgage Loan Underwriter

Crane Credit Union; Indiana; On-site; USD 31,000 - 46,000; Full time

Job summary

Crane Credit Union in Indiana is seeking a Mortgage Loan Underwriter to evaluate mortgage applications, determine borrower and property eligibility, and issue disclosures and conditions for approval. The role involves coordinating closings and ensuring compliance with mortgage regulations and the SAFE Act.

The successful candidate will review files, assist with title/insurance tracking, and stay informed on HMDA and fair lending requirements while supporting members in their lending needs.

Qualifications

• Reviews and evaluates mortgage applications to determine if borrower, property, and loan conditions meet standards.
• Prepares disclosures and documents for closing and tracks title/insurance as needed.
• Maintains knowledge of mortgage regulations, HMDA, fair lending rules and secondary market requirements.

Responsibilities

• Analyze loan requests and determine creditworthiness based on mortgage lending policy.
• Process, issue disclosures, approve or request information, and establish loan terms.
• Prepare final loan file for closing and auditing; coordinate with branches for closings.
• Ensure all mortgage operations comply with applicable regulations and maintain SAFE Act compliance.
• Assist with title and insurance tracking and monitor lien position.

Job description

Mortgage Loan Underwriter# Mortgage Loan UnderwriterWest Gate (Corporate) - Odon, IN 47562## OverviewSalary Range$22.27 - $33.41 HourlyPosition TypeFull TimeJob ShiftDay## Description* To assist members with their mortgage lending needs: analyze loan requests, generate necessary paperwork, insure loans are in compliance with applicable financial regulations and make credit decisions based on mortgage lending policy.* Periodically assists members with other consumer lending needs in accordance with their limits of authority**.****Essential Functions & Responsibilities:*** Reviews and evaluates mortgage applications to determine if borrower, property, and loan conditions meet credit union and regulatory standards; processes, issues disclosures, and approves, rejects or requests additional information on loan applications; establishes terms and conditions of an approved loan and reviews with member; prepares documents for closing; travels to branches as needed for closings.* Assembles and organizes documents in loan file; assists with title and insurance tracking; ensures mortgage is properly recorded; prepares final loan file for auditing.* Ensures all operations for mortgage and other assigned loan products are in compliance with governing regulations; requires maintaining and updating knowledge of financial and mortgage regulations, HMDA, fair lending rules and secondary market.* Maintains mortgage license in compliance with the SAFE Act.* Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending; stays informed of market trends for assigned consumer loan products.* Works with credit union vendors and third parties; appraisers, real estate agents, title companies, other financial institutions, and insruance companies.* Administers existing loan programs; audits mortgage loans to ensure complete, accurate and compliant loan files.* Reviews all title information for discrepancies and to ensure the credit union's lien position.* Assist members with credit counseling; offering information, options and resources to members as needed or requested by members or management.* Has a general working knowledge and annual training of BSA/AML.