Mortgage Underwriter

Navy Federal Credit Union

Roswell (GA)

On-site

USD 70,000 - 100,000

Full time

5 days ago

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Job summary

Navy Federal Credit Union is seeking a Mortgage Underwriter to evaluate and underwrite various mortgage loan types in compliance with state and federal requirements. The role involves analyzing income, assets, and credit criteria, supporting loan decisions, and collaborating with originators and processors across NFCU markets.

The position requires 3 years of mortgage lending experience, knowledge of processing guidelines, and strong analytical abilities.

Qualifications

3 years of experience in mortgage lending.
Knowledge of mortgage processing, closing, documentation, and regulations.
Underwriting familiarity with criteria, guidelines, rules and regulations.
Strong analytical and problem-solving skills.
Good verbal and written communication and basic research skills.

Responsibilities

Analyze mortgage loan information to confirm eligibility per NFCU and investor requirements.
Evaluate exceptions and rejections; propose alternative mortgage products.
Analyze self-employed borrower income documentation.
Approve loans and authorize disbursements based on documentation and rules.
Assess collateral value and marketability of real estate to support loan.
Prepare and present options on marginal loans; analyze adverse actions and loan reviews.
Understand contracts related to real estate (HOAs, age restrictions, etc.).
Collaborate with loan originators and processors to gather data and documentation.
Mentor Mortgage Processors, Closers, and Mortgage Officers.
Maintain knowledge of NFCU mortgage products and guideline changes.
Contribute to training materials to ensure consistent guidance.
Perform secondary reviews of dispositioned loans and declines.
Perform other related duties as assigned.

Skills

Mortgage lending

Underwriting process

Documentation & regulations

Analytical skills

Communication skills

Tools

Database tools

Presentation software

CRM systems

Job description

Overview

To evaluate and underwrite all mortgage loan types offered by Navy Federal Credit Union (NFCU) according to specific state and federal requirements to limit the risk exposure to NFCU's mortgage portfolio. To analyze required loan documentation and information presented in the mortgage loan request, to condition and make appropriate loan decisions based on the acceptability of the credit risk using established guidelines of NFCU, secondary market investors, and applicable state and government regulations. Works on assignments that are semi-routine in nature; recognizes the need for occasional deviation from accepted practice. Follows established procedures, requires limited instructions on new assignments. Works under supervision from higher level peers and leadership. Participate in basic research/review.

Responsibilities

Analyze mortgage loan information on loan documents such as income, assets, and credit criteria to confirm loan eligibility based on Navy Federal guidelines as well as adherence to investor requirement with or without independent scoring systems
Analyze exceptions and rejections; recommend alternative mortgage products that could bring the loan within guidelines.
Analyze self-employed borrower income documentation
Approve mortgage loans and authorize loan disbursements based on a complete analysis of submitted documentation and/or applicable rules and regulations
Determine the acceptability and marketability of the real estate property to analyze if there insufficient collateral to secure the loan
Prepare and present alternative options on marginal loans; analyze exception requests, prepare adverse action (loan disapproval) notifications or secondary loan reviews for adverse action, with awareness of compliance provisions of regulatory agencies
Review/understand effects of contracts related to real estate, such as age restrictions, HOAs, etc.
Work closely and collaborate with loan originator and processor to ensure all appropriate data and required documentation is obtained
Participate in mentoring sessions for Mortgage Processors, Mortgage Closers, and Mortgage Loan Officers
Maintain current knowledge of all NFCU mortgage products and any changes to guidelines by NFCU, investor, or government agencies that impact the processing of mortgage loan products
Participates in collaboration with training team to maintain training materials to ensure all guidelines are conveyed accurately and consistently
Perform secondary review of dispositioned loans that are suspended and/or declined
Perform other related duties as assigned

Qualifications

3 years of experience in mortgage lending
Intermediate knowledge of mortgage/equity loan processing, closing and documentation requirements and regulations
Familiarity with underwriting process and understanding of applicable criteria, guidelines, rules and regulations
Basic database and presentation software skills
Basic organizational, planning and time management skills
Basic research, analytical, and problem solving skills
Basic skill conducting complex personal and business financial analysis
Basic skill exercising initiative and using good judgement to make sound decisions
Basic verbal and written communication skills
Basic word processing and spreadsheet software skills

Desired Qualifications

Basic skill in underwriting self-employed borrowers
Basic skill conducting complex personal and business financial analysis

Additional Information

Hours:

Monday - Friday, 8:00AM - 4:30PM

Location

5550 Heritage Oaks Drive Pensacola, FL 32526
141 Security Drive Winchester, VA 22602
11270 St Johns Industrial Parkway South Jacksonville, FL 32246
295 Bendix Rd Suite 250 Virginia Beach, VA 23452
4 Concourse Pkwy, Suite 100 Sandy Springs, GA 30328

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

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