Quorum Federal Credit Union - Harrison, NY
posted 4 months ago
Quorum Federal Credit Union is seeking a Contract Mortgage Underwriter who will be responsible for underwriting all first and second mortgages within the allocated approval authority. This role is crucial in ensuring that all mortgage loan files are underwritten in compliance with secondary market guidelines, specific program guidelines, credit union policies, and regulatory requirements. The Contract Mortgage Underwriter will utilize their comprehensive knowledge and expertise to assess risks associated with first mortgages, self-employment income, and renovation loans. They will review financial documents, including tax returns, bank statements, and credit reports, to accurately determine loan eligibility and repayment capacity. The Contract Mortgage Underwriter will consistently monitor the daily mortgage pipeline to identify areas that require intervention to expedite the mortgage process and will act accordingly. They will support management requests related to audit preparation, sale preparation, HMDA reporting, and more. This position requires the ability to work independently while also providing guidance and support to junior underwriters as needed, sharing insights and best practices to enhance team performance. The Underwriter will actively work with management and staff to demonstrate proactive planning and seek process improvements to automate and streamline operations while maintaining adequate controls. Additionally, the Contract Mortgage Underwriter will promote and maintain a positive work atmosphere by communicating professionally with members, co-workers, management, partners, and vendors. They will keep abreast of industry developments, including changes in regulations, market conditions, current disaster locations, and technology. The role also involves ensuring adherence to company policies and procedures and Banking/Credit Union Regulations, while performing additional duties as required.