Mortgage Underwriter - Work From Home Opportunity

Randolph-Brooks Federal Credit Union; San Antonio (TX); Remote; USD 65,000 - 90,000; Full time

Benefits offered by this job

Competitive pay

Comprehensive benefits

Job summary

Randolph-Brooks Federal Credit Union is seeking a Mortgage Underwriter for a remote Texas-based role. You will underwrite mortgage and home equity loans, review documents for accuracy, and render unbiased lending decisions. Cross-sell recommendations and adherence to timelines are expected.

The role requires knowledge of TILA/RESPA, HMDA, ECOA and other regulations, with experience in Encompass LOS and DU underwriting. RBFCU offers competitive pay and comprehensive benefits.

Qualifications

• Eligibility to work Texas-based remote; knowledge of mortgage lending regulations.
• Ability to analyze credit, income, tax returns and other factors.
• Proficient in loan documentation review and underwriting guidelines.
• Familiarity with Encompass LOS and MS Office applications.
• Experience with Fair Lending regulatory policies and appraisal review.

Responsibilities

• Review loan applications for accuracy and completeness; provide feedback to loan officers.
• Review title commitments and vesting to match the loan.
• Analyze borrower credit, income, tax returns and other factors for creditworthiness.
• Evaluate appraisals to determine collateral suitability and resolve issues.
• Ensure compliance with fair lending and mortgage regulations.
• Perform other duties as assigned.

Skills

Analytical skills

Mortgage lending regulations knowledge

Verbal communication

Written communication

Organizational skills

Production/quality standards

Education

Some College/Associate's Degree

High School Diploma/GED

Tools

Encompass LOS

Microsoft Office

Job description

Job Description and Requirements We are currently seeking a talented Mortgage Underwriter to join our growing team.

This will be a work from home position. All applicants must reside within the State of Texas and have the capability of performing all of the work from their home in Texas.

The Mortgage Underwriter will be responsible for underwriting mortgage loans and home equity loans ensuring compliance with appropriate portfolio and/or secondary market guidelines. They will examine loan documentation for accuracy and completeness and analyze and assess loan information to render an unbiased lending decision for credit worthiness. In addition, they will provide cross sell recommendations as warranted, maintain service level agreement turn-times, and refer loans outside of approving limits to management for approval.

Essential Functions & Responsibilities:

• Loan Application – Review for accuracy and completeness. Provide Loan Officers and Processors feedback for training purposes.
• Title – Review title commitments/searches to ensure vesting matches the loan.
• Credit Analysis – Analyze the borrower’s willingness and ability to repay the mortgage debt. This includes review of credit reports, income verification, tax return analysis and consideration of other compensating factors.
• Appraisal - Evaluate appraisal or other valuation methodology to determine suitability for loan collateral. Assist with resolving appraisal review concerns when warranted.
• Compliance – Ensure all fair lending and mortgage regulatory policies are followed.
• All other duties as assigned (note: essential functions and responsibilities may change or new ones may be assigned at any time with or without notice).

Requirements:

• High School Diploma/GED 1-3 years of job related work experience
• Proficient analytical skills and mortgage lending regulation knowledge
• Excellent verbal and written communication skills
• Strong organizational skills to perform multiple tasks
• Ability to meet production, quality and service standards along with providing coaching and feedback to ensure loan quality
• Demonstrated experience in real estate lending regulations including but not limited to TILA, RESPA, HMDA, ECOA and Flood Disaster Protection Act
• Working knowledge of Fannie Mae Desktop Underwriting and PMI underwriting guidelines
• Home Equity Lending experience
• Capable and experienced in manual credit risk evaluation
• Experience with Microsoft applications and Internet navigation
• Preferred: Underwriting designations such as CRU, ARU, DE or SAR
• Experience with Encompass LOS
• Some College/Associate's Degree

Careers at RBFCU Established in 1952, Randolph-Brooks Federal Credit Union is a full-service financial cooperative whose mission is to improve members’ economic well-being and quality of life. With assets exceeding $19.6 billion, RBFCU serves more than 1.1 million members at branches throughout Texas and Oklahoma, and online at rbfcu.org and the RBFCU Mobile app. Recognized for financial stability, our credit union has consistently received the highest ratings of “Five Star” and “Superior” from respected organizations that evaluate financial institutions in the United States. We’re frequently recognized as one of the best workplaces on a local and national level.

Our Benefits

RBFCU is proud to offer a comprehensive benefits package,

• 401(k) with matching incentives — up to 10 percent
• Competitive pay
• Medical, vision and dental benefits available to employees and their families from the first day of employment
• Tuition reimbursement plans
• Life insurance
• Pharmacy discount programs
• Flexible Spending (FSA), Health Savings (HSA) and Dependent Care account options
• Paid time off
• Parental leave
• Company-paid benefits include: Long-term disability Basic life insurance Wellness program Credit-monitoring service Employee assistance program Training and volunteer opportunities

All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.