Mortgage Processing Analyst/Junior Underwriter

OVERVIEW

The Mortgage Processing Analyst/Junior Underwriter processes and credit approves first mortgage loans in accordance with sound underwriting practices as set out in policy and procedure.  The Mortgage Processing Analyst/Junior Underwriter also examines the documents, evaluates individual loan applications, issues credit approval and follows up on any outstanding items for a complete file.

RESPONSIBILITIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job.  Duties, responsibilities, and activities may change at any time with or without notice.

QUALIFICATIONS

Knowledge Of:

• Credit Union’s products and services.
• Credit Union policies and procedures pertaining to loan servicing.
• Real Estate underwriting criteria.

         Ability To:

• Utilize the credit union's data processing capability in loading new loan information in the system.
• Operate the kinds of office equipment normally found in a lending operation, such as: adding machine, telephone, fax machine, photocopier, and personal computer.
• Operate a PC using the following software applications Windows, Outlook, Excel, and Word.
• Refer credit union products and services based on member needs.
• Process a steady workload under strict time constraints.
• Process Real Estate Loans.
• Understand and interpret information required to remain in compliance with secondary market underwriting criteria.
• Analyze appraisals, debt to income, and an understanding of qualities that affect credit worthiness.

ESSENTIAL FUNCTIONS

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Reviews first mortgage applications in the Credit Union mortgage processing system for accuracy.
• Assures application fees, appraisal fees and other fees related to the processing of a mortgage loan are collected and processed according to policies and procedures.
• Maintain a strong working knowledge of Agency guidelines (Fannie Mae & Freddie Mac).
• Manages and prioritizes individual pipeline of loans on a daily basis in order to ensure closing dates and company deadlines are met.
• Maintain internal turn times for underwriting new files and clearing conditions within 24-48 hours.
• Order the following documentation as necessary: Verification of Employment, Evidence of Insurance, Payoffs, Tax Transcripts, Credit Supplements, condo questionnaires, subordination requests, and Title Work as needed for each file.
• Underwrite Fannie Mae and Freddie Mac to ensure conformance with Agency, investor and company guidelines.
• Review and evaluation of real estate appraisals, and other collateral related documentation (title, insurance, deeds, etc.)
• Examination of credit, income, and assets of loan applicants.
• Assist members via the phone by answering calls in the Mortgage Operations department queue.
• Correspond with or interviews applicant, creditors, realtors and vendors, when needed, to resolve questions regarding application information.
• Ensure compliance with lending regulations, internal policies and underwriting guidelines.
• Conduct thorough risk assessments to identify potential red flags or fraudulent activities.
• Responsible for determining and issuing the credit decision on the loan application and issuing conditions, as needed, for a complete file.
• Prepares and clears residual conditions required to approve and document the loan.
• Schedules closing dates and times as needed. Prepares the file for closing.
• Obtains and reviews preliminary title commitment from title companies.
• Review and respond to internal and external audits.

REQUIRED EDUCATION AND EXPERIENCE

High School diploma or General Education Degree, compliance training, mortgage processing and lending experience plus three years of related experience and/or training.

License or Certificate:

• Bondable
• Acceptable Credit History

COMPETENCIES:

• Communication Skills
• Mathematical Skills
• Reasoning Ability

Pay Range

Compensation & Benefits

• Monthly Incentive Plan 
• Health, Dental & Vision Benefits
• Bonus opportunity
• 401(k) with match and profit sharing
• Flexible Time Off

Empeople Credit Union is an EEO/Affirmative Action Employer