Underwriter

Cardinal Credit Union; Mentor (OH); On-site; USD 60,000 - 80,000; Full time

Job summary

Cardinal Credit Union is seeking a Mid-Senior Level Underwriter for their mortgage department. The role involves evaluating loan applications, ensuring compliance with FNMA guidelines, and making critical decisions regarding loan approval or rejection. Candidates should possess strong evaluation skills and experience with mortgage documentation.

Qualifications

• Strong competency with FNMA underwriting guidelines.
• Ability to evaluate and verify loan documents.
• Experience with mortgage loan documents and guidelines.

Responsibilities

• Evaluate and verify loan documents to determine applicant’s ability to repay.
• Approve or reject loan applications.
• Ensure compliance with credit union policies and government regulations.

Skills

Decision-making

Loan evaluation

Compliance with FNMA guidelines

Job description

This position is responsible for decisioning loan applications within the mortgage department. The underwriter evaluates and verifies loan documents to determine the applicant's ability to repay the mortgage loan. The role requires strong competency with FNMA underwriting guidelines. Responsibilities include reviewing the 1003 and 1008 forms, trust documentation, title reports, homeowner and condo master policies, and insurance documentation. The underwriter ensures that loan terms and property specifications comply with credit union policies and applicable government regulations.

**Requirements:**

• Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet Credit Union and government standards.
• Approves or rejects loan application or requests additional information.
• Evaluates acceptability of loan to corporation that buy real estate loans on secondary mortgage markets.
• Assembles documents in loan file, including acceptance or denial and returns file to originating mortgage loan department.
• Records loan rejection, specifying investor and Credit Union guidelines and basis for declining application.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance and Sales

Industries

• Banking

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