Mortgage Underwriter - Work From Home Opportunity

Randolph-Brooks Federal Credit Union; United States; Remote; USD 70,000 - 90,000; Full time

Job summary

Randolph-Brooks Federal Credit Union is seeking a Mortgage Underwriter for a work-from-home position. All applicants must reside in Texas and be able to work remotely from their home in Texas.

The role involves underwriting mortgage and home equity loans, reviewing loan documents, and rendering unbiased credit decisions while ensuring compliance with guidelines. Cross-sell recommendations and adherence to service level agreements are part of the duties.

Qualifications

• High School Diploma or GED required.
• 1–3 years of mortgage-related work experience.
• Strong analytical abilities and knowledge of mortgage lending regulations.
• Excellent verbal and written communication skills.
• Familiarity with TILA, RESPA, HMDA, ECOA and Flood Disaster Protection Act.
• Knowledge of Fannie Mae Desktop Underwriting and PMI underwriting guidelines.

Responsibilities

• Review loan applications for accuracy and completeness and provide feedback to loan officers.
• Review title commitments to ensure vesting matches the loan.
• Analyze credit, income, and other factors to determine creditworthiness.
• Evaluate appraisals and assist with review concerns as needed.
• Ensure compliance with fair lending and mortgage regulations.
• Perform other duties as assigned and adapt to changing responsibilities.

Skills

Analytical skills

Mortgage lending regulation knowledge

Verbal and written communication

Organizational skills

Coaching and feedback

Attention to detail

Education

High School Diploma/GED

Some College/Associate’s Degree

Tools

Encompass LOS

Microsoft Office

Job description

Job Description and Requirements

We are currently seeking a talented MortgageUnderwriter 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 willbe responsible forunderwriting 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

_ 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. _