SENIOR MORTGAGE UNDERWRITER

CapEd Credit Union; Meridian (ID); On-site; USD 72,000 - 88,000; Full time

Job summary

CapEd Credit Union in Meridian, ID is seeking a Senior Mortgage Loan Underwriter to assess and underwrite home equity lines of credit and residential mortgage loans. You will evaluate risk factors, cash flow and collateral while ensuring adherence to policy and regulatory requirements.

The role requires deep underwriting expertise, HMDA accuracy, and collaboration with the Mortgage Underwriting team to deliver sound loan decisions and process improvements.

Qualifications

• Five to eight years of similar or related experience.
• Two-year college degree or equivalent certification or training.
• Experience in mortgage loan underwriting and risk evaluation.

Responsibilities

• Underwrite HELOCs and mortgage loans evaluating risk factors such as debt ratio, CLTV, credit scores and property value.
• Ensure HMDA data accuracy and regulatory compliance across systems.
• Analyze credit reports, income, employment and liabilities for borrowers.
• Review appraisals to verify collateral acceptability.
• Communicate loan conditions and alternatives; escalate when needed.
• Support team with complex inquiries and process improvements.
• Assist in training and knowledge transfer within Mortgage Underwriting.

Skills

Mortgage Underwriting

Credit Analysis

Risk Assessment

Regulatory Compliance

HMDA Knowledge

Education

Two-year college degree

Job description

Job Details

Job Location: Meridian Operation Center - MERIDIAN, ID 83642Position Type: Full TimeRole: The Mortgage Loan Underwriter Senior promotes member financial well-being through underwriting home equity line of credits and conventional loans. This position evaluates and approves/denies home equity line of credits and residential mortgage loans within scope of authority and in accordance with company policy and secondary market guidelines. The Mortgage Underwriter Senior provides subject matter expertise to the Mortgage Underwriting team and identifies and communicates improvements to the department's operating methods and procedures.

Essential Functions & Responsibilities:

• Review, examine and underwrite home equity line of credit and mortgage loans by evaluating risk such as debt ratio, loan-to-value ratio, credit score, property valuation review and various other factors to ascertain loan viability, identify risk issues and potential fraud and setting terms for approval and modification, or identifies reason for rejection.
• Ensure soundness, business value and conformity with Credit Union quality procedures and regulatory compliance. Ensure HMDA information is correct in all systems.
• Analyze in detail the credit report and obligations including loan payments, mortgage obligations, credit history and credit scores, child support / alimony, etc. Ensure all liabilities are accounted for.
• Analyze and review employment and income. Complete income worksheets as applicable including the review of tax returns for self-employed borrowers.
• Conduct a detailed review of all appraisals to verify collateral is acceptable.
• Review Fraud Reports and compliance review reports as applicable.
• Assist in resolving post-closing issues.
• Complete the loan withdraw process to include review of the HMDA screen for accuracy.
• Determine and document loan conditions and communicate requirements and/or decision. Identify and recommend alternative loan requirements, funding and/or loan structuring solutions.
• Maintains contacts with outside agencies to obtain required information and/or documentation.
• Perform second level review on loans recommended for denial. Evaluate the application to determine if there ae any other products or alternative terms available before issuance of denial.
• Supports the Mortgage Underwriting team by accepting unresolved complex inquires and works directly with employees to research and explore potential solutions to provide alternatives within company policy. Follows established escalation processes.
• Assists department training for current or new employees by sharing knowledge and expertise of internal procedures, how compliance or other regulations affect processes, and helping employees be confident in job functions relating to Mortgage Processing and Mortgage products and services.
• Identifies and makes recommendations to improve the department's operating methods, training and procedures. Collaborates with other departments on member service delivery and process development projects.
• Maintains knowledge of all Credit Union products, services, and promotions and to market all internal and external sources to sustain loan production.
• Contributes to efficient Credit Union operations by performing other job related duties as assigned.

QualificationsKnowledge and Skills:

Experience: Five years to eight years of similar or related experience.

Education: (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.

Critical Job Competencies:

• Brand Promise and Values: To make a difference - every member experience matters. Employees of CapEd carry out our promise and values of EP!C by being Empowered - We are knowledgeable and trusted to make decisions. Professional - We are respectful in creating outstanding experiences. Innovative - We seek new ideas for positive change. Collaborative - We connect with each other to implement solutions.
• Contributing to Team Success: Actively participating as a member of a team to move the team toward the completion of goals.
• Decision Making: Identifying and understanding issues, problems, and opportunities; comparing data from different sources to draw conclusions; using effective approaches for choosing a course of action or developing appropriate solutions; taking action that is consistent with available facts, constraints, and probable consequences.
• Managing Work: Effectively managing ones time and resources to ensure that work is completed efficiently.
• Technical/Professional Knowledge and Skills: Having achieved a satisfactory level of technical and professional skill or knowledge in position-related areas; keeping up with current developments and trends in areas of expertise.
• Work Standards: Setting high standards of performance for self and others; assuming responsibility and accountability for successfully completing assignments or tasks; self imposing standards of excellence rather than having standards imposed.

Very Important Competencies:

• Building a Successful Team: Using appropriate methods and a flexible interpersonal style to help build a cohesive team; facilitating the completion of team goals.
• Communication: Clearly conveying information and ideas through a variety of media to individuals or groups in a manner that engages the audience and helps them understand and retain the message.
• Continuous Learning: Actively identifying new areas of learning; regularly creating and taking advantage of learning opportunities; using newly gained knowledge and skill on the job and learning through their application.
• Developing Others: Planning and supporting the development of individuals skills and abilities so that they can fulfill current or future job/role responsibilities more effectively.
• Stress Tolerance: Maintaining stable performance under pressure or opposition (such as time pressure or job ambiguity); handling stress in a manner that is acceptable to others and to the organization.

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and/or remain in a stationary position; use hands to finger, handle, operate, input or feel; reach with hands and arms in any direction; talk, communicate, converse, exchange information and hear; balance, kneel, walk and stand, occasionally moving and traversing; and will frequently use a computer and/or phone. There may be repetitive motions, making substantial movements of the wrists, hands, and/or fingers. The employee needs the ability to wear personal protective gear correctly. This is considered sedentary work: exerting up to 10 to 25 pounds of force occasionally and/or a negligible amount of force frequently or consistently to lift, carry, push, pull or otherwise move objects, including the human body. Specific vision abilities required by this job include close vision, distance vision, peripheral vision and ability to adjust focus.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The worker is subject to inside environmental conditions: protection from weather conditions but not necessarily from temperature changes and/or seasonal brightness through windows. This position may involve periodic stressful conditions. The Credit Unions business days are Monday through Saturday between the hours of 8:00 a.m. to 6:30 p.m.; however, this position may occasionally require an adjusted work schedule, overtime, and to include evening/weekend hours. The noise level in the work environment is usually moderate.

Disclaimer:

NOTICE: This job description does not create a contract of employment and at all times your employment, if any, remains at will. This job description also in no way limits the duties to be performed by the employee, which may be assigned or modified from time to time by Capital Educators Federal Credit Union. Please know that Capital Educators Federal Credit Union is an Equal Employment Opportunity Employer and all decisions regarding employment including hiring and promotion are based on the individual meeting the essential functions of the job, with or without reasonable accommodation, and without a direct safety threat or undue hardship.