Mortgage Underwriter
Mortgage Underwriter
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$ 61470 - 92206
1 Vacancy
Job Description
Join a Great Place To Work certified company! At Consumers Credit Union (CCU) were all about people not just products. And as a Mortgage Underwriter youll play a key role in helping our members achieve their homeownership dreams responsibly ethically and confidently.
Were looking for a seasoned underwriter who knows their way around complex financials and loan products communicates clearly and thrives in a fast-paced highly collaborative environment. If thats you keep reading!
Location: Lake Forest Illinois (hybrid/flexible work schedule 2-3 days/week onsite). Local Northern IL/Southeastern WI candidates only!
What Youll Do:
As a Mortgage Underwriter at CCU youll be the decision-maker behind the scenesanalyzing applications assessing risk and ensuring every loan meets regulatory investor and credit union standards.
Your Day-to-Day Will Include:
- Underwriting conventional jumbo and home equity loans following established agency investor and credit union guidelines. Meeting service level expectations for turn times and responsiveness.
- Calculating income for salaried hourly and self-employed borrowers using provided tools. Evaluating complex loan files including borrower profiles credit reports income docs (including self-employed returns) property valuations and title reports.
- Collaborating with processing and sales teams to clarify loan conditions interpret guidelines and keep files moving forward. Responding to internal underwriting-related inquiries via email or other channels.
- Acting as a subject matter expert for underwriting policies product changes and investor requirements. Assisting in creating and delivering training materials to internal teams.
- Addressing audit findings and post-closing issues in a timely and professional manner.
- Making informed decisions to approve decline or counteroffer loans within your designated authority. Flagging high-risk loans and suggesting effective mitigation strategies.
- Staying current with evolving regulations and underwriting standards to protect CCU and our members.
What youll need to join the team:
- High School Diploma or GED
- Bachelors degree in Finance Economics Business or Related Preferred
- 5 years experience of mortgage underwriting or related Minimum
- Encompass LOS experience and DE Chums Certification is a plus!
- Excellent analytical skills with the ability to thoroughly review financial documents credit reports and property appraisals to accurately evaluate borrower risk.
- Verbal and written professional communication skills.
- Ability to be organized have attention to detail and superior judgement.
- Knowledge in all levels of mortgage underwriting including conventional loan guidelines and mortgage insurance policies like UCDP & SSR.
Compensation:
The salary range for this role is $ $61470 to $92206 per year. This role is eligible for an annual bonus opportunity. A specific salary offer considers factors including but not limited to skill sets experience and training licensure and certifications and other business and organizational needs. It is not typical for an individual to be hired at or near the top of the salary range and compensation decisions are dependent on the facts and circumstances of each case.
Consumers Credit Union provides eligible employees an opportunity to participate in our medical (High Deductible HMO and PPO) dental vision spending accounts short-term disability long-term disability life insurance and other plans effective date of hire. You will be eligible to participate in the 401(k) savings plan at any time. You will be automatically enrolled in the pension plan following six months of employment and 1000 hours of service and reaching age 20.
For more information about benefit offerings please visit our careers page: CCU
Founded in 1930 and headquartered in Lake Forest IL Consumers Credit Union has $4 billion in assets and serves more than 260000 members making it one of the largest credit unions in the state. CCU believes that nobody needs banks on every corner but everyone needs people who are in their corner. To learn more visit
Equal Opportunity Employer
CCU complies with the requirements and spirit of the law in the implementation of all facets of equal opportunity in employment. There will be no discrimination on the basis of race ancestry color religion sex sexual orientation gender identity marital status pregnancy age national origin citizenship disability genetic information military status (including unfavorable discharge from the military) criminal or arrest history (unless job related) crime victim status or any other protected characteristic in the recruitment selection training utilization promotion termination or any other employment actions or term and condition of employment. CCU complies with applicable state and local laws governing non-discrimination in employment in every location in which CCU has facilities.
We are committed to providing access equal opportunity and reasonable accommodation for individuals with disabilities in employment its services programs and activities. If reasonable accommodation is needed to participate in the job application or interview process please contact our Human Resources team at: or .
Employment Type
Full-Time
