Mortgage Loan Underwriter

Crane Credit Union; Odon (IN); On-site; USD 31,000 - 46,000; Full time

Job summary

Crane Credit Union in Odon, IN is seeking a Mortgage Loan Underwriter to analyze loan requests, prepare necessary paperwork and ensure compliance with applicable regulations. The role also involves making credit decisions based on policy and assisting members with other lending needs within authority.

You will review applications, gather disclosures, and prepare files for closing while maintaining knowledge of HMDA, fair lending, and secondary market considerations.

Qualifications

• Mortgage underwriting knowledge
• Regulatory compliance awareness
• BSA/AML familiarity

Responsibilities

• Reviews mortgage applications to determine borrower, property, and loan conditions meet standards; processes disclosures and approves/rejects or requests info.
• Assembles and organizes documents; tracks title and insurance; ensures mortgage is recorded and loan file is ready for audit.
• Ensures operations for mortgage and loan products comply with regulations; maintains knowledge of mortgage regulations and secondary market rules.
• Maintains mortgage license compliance under the SAFE Act.
• Keeps informed of trends in mortgage lending and market factors affecting the portfolio.
• Collaborates with appraisers, title companies, agents, lenders and insurers to facilitate closings.
• Administers existing loan programs; audits mortgage loans for completeness and compliance.
• Reviews title information for discrepancies and lien positions.
• Assists members with credit counseling and provides options and resources as needed.
• Participates in annual BSA/AML training and related compliance activities.

Job description

Mortgage Loan Underwriter

West Gate (Corporate) - Odon, IN 47562

Overview

• Salary Range $22.27 - $33.41 Hourly
• Position Type Full Time
• Job Shift Day

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.

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