Mortgage Underwriter: Risk, Compliance & Insight

Navy Federal Credit Union; Winchester (VA); Presencial; USD 75.000 - 110.000; Jornada completa

Descripción de la vacante

Navy Federal Credit Union is seeking an experienced mortgage underwriter to evaluate and underwrite multiple loan types in line with state and federal requirements. You will analyze documentation, determine credit risk, and condition loan decisions under NFCU guidelines, with supervision from peers and leadership.

You will review loan data, assess collateral, and prepare alternatives for marginal loans, while collaborating with originators and processors to gather complete information.

Formación

• 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.

Responsabilidades

• 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

Conocimientos

Mortgage underwriting

Analytical skills

Decision making

Communication skills

Time management

Herramientas

Word processing

Spreadsheet software

Presentation software

Database software

Descripción del empleo

Navy Federal Credit Union is seeking an experienced mortgage underwriter to evaluate and underwrite multiple loan types in line with state and federal requirements. You will analyze documentation, determine credit risk, and condition loan decisions under NFCU guidelines, with supervision from peers and leadership.

You will review loan data, assess collateral, and prepare alternatives for marginal loans, while collaborating with originators and processors to gather complete information.