Mortgage Underwriter — Risk & Compliance Pro

Navy Federal Credit Union; Pensacola (FL); On-site; USD 65,000 - 85,000; Full time

Job summary

Navy Federal Credit Union in Pensacola is seeking a mortgage underwriting professional to evaluate and underwrite all mortgage loan types in compliance with state and federal requirements. You will analyze loan documentation, condition decisions, and support senior staff with risk assessment and adherence to investor and government guidelines.

The role involves collaboration with loan originators, processors, and training teams, mentoring mortgage processors and loan officers, and maintaining

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.

Responsibilities

• Analyze mortgage loan information on loan documents such as income, assets, and credit criteria to confirm loan eligibility.
• 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 is insufficient collateral to secure the loan.
• Prepare and present alternative options on marginal loans; analyze exception requests and prepare adverse action notices or secondary loan reviews for adverse action.
• Review/understand effects of contracts related to real estate such as age restrictions, HOAs, etc.
• Work closely 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 processing.
• Collaborates with training team to maintain training materials to ensure guidelines are conveyed accurately.
• Perform secondary review of dispositioned loans that are suspended and/or declined.
• Perform other related duties as assigned.

Skills

Mortgage lending

Underwriting process

Documentation review

Regulatory compliance

Analytical skills

Communication skills

Attention to detail

Time management

Microsoft Excel

Word processing

Tools

Database software

Presentation software

Job description

Navy Federal Credit Union in Pensacola is seeking a mortgage underwriting professional to evaluate and underwrite all mortgage loan types in compliance with state and federal requirements. You will analyze loan documentation, condition decisions, and support senior staff with risk assessment and adherence to investor and government guidelines.

The role involves collaboration with loan originators, processors, and training teams, mentoring mortgage processors and loan officers, and maintaining