Mortgage Underwriter III

ORNL Federal Credit Union; Knoxville (TN); On-site; USD 85,000 - 110,000; Full time

Job summary

ORNL Federal Credit Union in Knoxville, TN is seeking a Mortgage Underwriter III responsible for underwriting residential mortgage loans, including jumbo and construction-to-perm, to mitigate risk and ensure compliance with federal/state regulations and investor guidelines.

The role requires at least five years in mortgage underwriting, three years in mortgage or HELOC underwriting, and strong analytical, communication, and Excel skills.

Qualifications

• Minimum 5 years in mortgage underwriting with FNMA, FHLMC, Jumbo, and Construction-to-Perm.
• Minimum 3 years mortgage or HELOC underwriting experience.
• Working knowledge of Encompass preferred.

Responsibilities

• Underwrites residential mortgage loans to meet guidelines and risk objectives.
• Interprets credit and regulatory rules to ensure compliant decisions.
• Communicates with internal partners throughout the mortgage process.
• Provides training and acts as subject matter expert for underwriting processes.
• Performs other duties as assigned.

Skills

Mortgage underwriting

Regulatory compliance

Analytical thinking

Communication

Education

Associate's degree preferred in business or related field

Specialized financial services training

Tools

Encompass

Job description

Northshore
2077 Town Center Blvd
Knoxville, TN 37922, USA

Description

Role: The Mortgage Underwriter III is responsible for underwriting residential mortgage loans to mitigate risk and meet all applicable Federal, State and NCUA regulations, as well as credit union, secondary market and investor guidelines, policies and procedures.
Essential Functions and Responsibilities:

• Performs activities related to credit decisions on loan requests for residential first mortgage loans including Jumbo, Portfolio, Construction-to-Permanent, HELOC, Denials, Withdrawals, and Condo Project Reviews, with the goal of achieving an optimal outcome for the Credit Union and the member. Utilization of automated underwriting systems or manual underwriting guidelines. Ensures compliance with established Credit Union policies, guidelines, and regulatory requirements. Utilizes a high degree of independence in problem solving and decision making. Primarily handles more complicated loans. Maintains acceptable quality scores and adheres to all service level agreement requirements.
• Maintains current knowledge of regulatory changes, external/internal compliance requirements and investor/portfolio guidelines. Receives training to ensure all guidelines are met.
• Communicates effectively and professionally with all internal partners associated with the Mortgage process.
• Provides training for Teammates, when necessary, acts as subject matter expert for the underwriting process, provides support in reviewing policies and procedures.
• Performs other job-related duties as assigned.

Experience:

• Minimum 5 years in mortgage underwriting required with a focus on FNMA, FHLMC, Jumbo, and Construction-to-Perm. Required
• Minimum 3 years of mortgage or HELOC underwriting experience. Required
• Working knowledge of Encompass. Preferred

Education:

• Associate's degree in a business-related field. Preferred
• Or technical/other training completion of a specialized course of study at a business or trade school or equivalent financial service industry experience. Required

Other Skills Required:

• Excellent verbal and written communication skills.
• Must be detail oriented with excellent organizational skills
• Must be proficient in Microsoft Excel, Word, and Outlook.
• Must have ability to think analytically, solve problems, work independently and as a Team.
• Must have excellent time management skills

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.