Mortgage Underwriter

Teachers Federal Credit Union; Hauppauge (NY); On-site; USD 49,593 - 59,581; Full time

Benefits offered by this job

Paid time off

401(k) company contribution

100% Dental & Vision premium paid

Tuition reimbursement

Employee loan discounts

Job summary

Teachers Federal Credit Union in Hauppauge, NY is seeking a Mortgage Underwriter to review and evaluate residential mortgage loan applications. This role involves making sound underwriting recommendations in accordance with various guidelines while supporting timely loan processing.

The ideal candidate will have at least two years of experience in residential mortgage underwriting and must possess strong analytical, organizational, and communication skills. Benefits include paid time off, 401(k) contributions, and tuition reimbursement.

Qualifications

• Minimum two years of residential mortgage underwriting experience required.
• Knowledge of federal and state mortgage lending regulations required.
• Experience reviewing Conventional, FHA, VA, USDA, HELOC, or Portfolio loan products preferred.

Responsibilities

• Underwrites Conventional, FHA, VA, USDA, HELOC, and Portfolio mortgage loan files.
• Reviews and analyzes borrower credit and supporting documentation.
• Issues clear and accurate underwriting decisions and recommendations.

Skills

Analytical skills

Organizational skills

Communication skills

Problem-solving skills

Attention to detail

Education

High school diploma or equivalent

Tools

Automated underwriting systems (DU, LPA)

Job description

Overview

Join Our Team
For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best‑In‑State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part‑time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.

Summary

The Mortgage Underwriter reviews and evaluates residential mortgage loan applications to determine borrower eligibility, repayment ability, collateral acceptability, and overall credit risk. This role makes sound underwriting recommendations and decisions in accordance with agency, investor, regulatory, and internal lending guidelines while supporting timely loan processing and member service.

Education and Experience

• High school diploma or equivalent required
• Minimum two years of residential mortgage underwriting experience required; additional mortgage processing, closing, or lending experience preferred
• Experience reviewing Conventional, FHA, VA, USDA, HELOC, or Portfolio loan products preferred
• Working knowledge of automated underwriting systems such as DU and LPA, as well as applicable manual underwriting standards, required
• Knowledge of federal and state mortgage lending regulations, agency guidelines, investor requirements, and credit union policies required
• Strong analytical, organizational, communication, and problem‑solving skills with attention to detail required

Responsibilities

• Underwrites Conventional, FHA, VA, USDA, HELOC, and Portfolio mortgage loan files in accordance with applicable guidelines and assigned authority
• Reviews and analyzes borrower credit, income, employment, assets, liabilities, collateral, title, and supporting documentation to determine loan eligibility
• Applies Fannie Mae, Freddie Mac, FHA, VA, USDA, investor, and internal underwriting policies when evaluating loan files
• Issues clear and accurate underwriting decisions, conditions, suspensions, or recommendations with appropriate documentation
• Identifies credit, compliance, fraud, and collateral‑related risks and escalates concerns as appropriate
• Reviews appraisals and collateral documentation for acceptability and compliance with applicable standards and appraisal independence requirements
• Communicates with processors, loan officers, closers, and other internal partners to obtain required information, clarify conditions, and support timely loan decisions
• Maintains current knowledge of mortgage underwriting guidelines, regulatory requirements, and product changes
• Meets established turn times, productivity expectations, and quality standards while maintaining accurate file documentation
• Performs other duties as needed upon request from immediate supervisor

Benefits

• Paid time off for vacation, personal days, and holidays
• 401(k) company contribution
• Teachers pays 100% of Dental & Vision premium
• Tuition reimbursement is offered to full‑time employees
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

Salary: $36.00 to $43.25 hourly. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.