Senior Mortgage Underwriter

EDUCATION CREDIT UNION; Amarillo (TX); On-site; USD 85,000 - 110,000; Full time

Job summary

Education Credit Union is seeking a Mortgage Loan Underwriter to analyze and decide mortgage loans in accordance with ECU lending guidelines and applicable regulations. The role requires staying current with policies and market conditions.

You will evaluate borrower credit, review appraisals, communicate decisions to lenders, and ensure compliance with FNMA, PMI, and investor standards. Prior underwriting experience and MLO licensing are essential.

Qualifications

• Minimum of 5 years of mortgage lending experience and/or training including a minimum of 2 years of mortgage underwriting experience including conventional underwriting, or an equivalent combination of education and experience.
• FHA and VA underwriting experience including DE and LAPP designations are a plus.

Responsibilities

• Determine credit and collateral risk and provide guidance to underwriters within authority.
• Monitor and facilitate daily underwriting workflow to meet decision time parameters.
• Review policy exceptions and render decisions within prescribed limits with rationale documented.
• Approve/deny real estate loans in line with FNMA, PMI and ECU guidelines to meet investor standards.
• Perform mortgage credit analysis verifying income, assets, and collateral to assess repayment ability.

Skills

Mortgage underwriting

Credit analysis

Regulatory compliance

Financial analysis

Communication skills

Team collaboration

Underwriting systems

Education

High school diploma or GED

Bachelor's degree in business or related field preferred

NMLS Registration

Tools

Underwriting systems

Job description

Education Credit Union is seeking a Mortgage Loan Underwriter to analyze and decide mortgage loans in accordance with ECU lending guidelines and applicable regulations. The role requires staying current with policies and market conditions.

You will evaluate borrower credit, review appraisals, communicate decisions to lenders, and ensure compliance with FNMA, PMI, and investor standards. Prior underwriting experience and MLO licensing are essential.