Mortgage Underwriter: Risk Insight & Loan Solutions

Navy Federal Credit Union; Virginia Beach (VA); Presencial; USD 65.000 - 90.000; Jornada completa

Descripción de la vacante

Navy Federal Credit Union is seeking a Mortgage Underwriter to evaluate and underwrite all mortgage loan types in compliance with state and federal requirements, risk guidelines, and investor standards. You will analyze loan documentation, assess credit risk, and make informed decisions under supervision, contributing to NFCU's portfolio quality.

Responsibilities include reviewing income, assets, and credit; discussing exceptions; mentoring other processors and loan officers; and staying current

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 income, assets, and credit criteria to confirm loan eligibility based on NFCU guidelines and investor requirements.
• 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, prepare adverse action 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 lending experience

Underwriting guidelines

Documentation analysis

Analytical skills

Communication skills

Herramientas

Excel

Database basics

Presentation software

Descripción del empleo

Navy Federal Credit Union is seeking a Mortgage Underwriter to evaluate and underwrite all mortgage loan types in compliance with state and federal requirements, risk guidelines, and investor standards. You will analyze loan documentation, assess credit risk, and make informed decisions under supervision, contributing to NFCU's portfolio quality.

Responsibilities include reviewing income, assets, and credit; discussing exceptions; mentoring other processors and loan officers; and staying current