Mortgage Underwriter

RADIFI FEDERAL CREDIT UNION - Jacksonville, FL

Full-time - Mid Level

Jacksonville, FL

About the position

RadiFi Credit Union is seeking a Mortgage Underwriter to ensure that mortgage loan files are underwritten in accordance with credit union policies and procedures, as well as meeting all secondary market and investor guidelines. The role involves underwriting various residential lending programs and making sound lending decisions within assigned authority, while ensuring compliance with government regulations and investor guidelines.

Responsibilities

• Perform underwriting of Conventional, FHA, VA, Home Equity, and loan participation loans.
• Approve or reject residential loans within prescribed authority.
• Analyze borrower's credit profile, collateral, and capacity to repay the proposed mortgage obligation.
• Ensure that appraisals meet investor and/or credit union requirements and that the value is reasonable and well supported.
• Ensure loans meet portfolio or investor guidelines.
• Establish a working knowledge of lending programs and underwriting guidelines, including secondary marketing requirements.
• Accurately calculate borrower's income and debt-to-income ratios.
• Document lending decisions and complete required screens in the loan origination system, including accurate completion of the 1008 and adding applicable conditions on the loan approval.
• Record loan rejections and basis for denial.
• Create appropriate action on denied and cancelled loan applications.
• Run, read, and interpret automated underwriting decision results from Loan Product Advisor.
• Review conditions submitted on loans and sign off on conditions where appropriate.
• Provide strong expertise in secondary market, CFPB, NCUA regulations regarding ability to repay, TRID, and Fair Lending.

Requirements

• 2-4+ years of residential mortgage loan underwriting experience, with specific experience in FHLMC.
• Expert with Freddie Mac LP programs and policies.
• Knowledge of federal and state regulatory requirements.
• Thorough understanding of credit, underwriting, credit policy, and financial analysis in portfolio underwriting.
• Experience with loan types including Conventional, FHA, and VA.
• Strong analytical and decision-making skills.
• Knowledge of Freddie Mac Loan Product Advisor.
• Ability to work with Origination and Mortgage Operations staff.
• Familiarity with fraud detection techniques.
• Microsoft Office proficiency required.

Nice-to-haves

• FICS or Encompass LOS knowledge preferred.