Mortgage Underwriter

If you need assistance with filling out our application form or during any phase of the application interview or employment process please notify our Human Resources Team at option 1 or email and every reasonable effort will be made to accommodate your needs in a timely manner.

To be effective an individual must be able to perform each essential duty successfully.

• Demonstrates strong analytical abilities when running and analyzing automated underwriting systems for Freddie MAC and Fannie Mae (LP and DU). Also strong communication skills when approving and denying Secondary Market purchases and mortgage refinancing requests and recommending approval and denials up to $750K.
• Provides strong expertise in Secondary Market CFPB NCUA regulations regarding Ability to Repay TRID Fair Lending.
• Provides thorough understanding of MACU portfolio programs as well as secondary market guidelines for external investors (learning over 60 different programs their processes and guidelines).
• Calculates and verifies income and employment in accordance with CFPB Ability to Repay regulations and MACU guidelines.
• Evaluates and analyzes borrowers credit reports
• Calculates income from personal and business tax returns in accordance with secondary market guidelines and CFPB Ability to Repay (ATR) regulations.
• Evaluates appraisals for accuracy addresses any concerns regarding comparables with appraiser
• Provides analysis of title reports eliminating any risks for junior liens addressing any shared well egress issues ensuring MACU has first position on all title work
• Reorders and evaluates any verification of deposits employment verifications tax transcripts subordinations and assess any concerns through LQI
• Understands Secondary Market NCUA CFPB TRID/Real Estate mandated disclosures and their proper distribution in accordance with rules and regulations as well as the impacts those have to the regulations have on loan decisioning loan timing loan closing borrower access to funds etc.
• Resolves a range of complicated issues with a high degree of interpersonal skills when working with loan officers borrowers Sr. Underwriters and closers.

KNOWLEDGE SKILLS and ABILITIES

The requirements listed are representative of the knowledge skills and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Experience

1 - 3years of similar or work related experience

Education

Four year college degree or equivalent in job related history.

Licenses Certificates Registrations

Must be able to qualify for an NMLS number under S.A.F.E Act

Managerial Responsibility

None

Interpersonal Skills

Courtesy tact and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information building relationships or soliciting cooperation.

Other Skills and Abilities

Must have the ability to read and interpret documents such as safety rules operating and maintenance instruction and procedure manuals. Knowledge of real estate lending Credit Union policies/procedures compliance and lending regulations. Must have excellent customer service leadership communication organizational and analysis skills. Ability to write routine reports and correspondence. Ability to speak effectively before groups of employees members or clients.

Computer/Office Equipment Skills

Intermediate to Advanced skills in the following: Adding machine/10-Key computer operating skills (windows navigation mouse/keyboard functionality) Microsoft Outlook Microsoft Office Suite. Must have the ability to type a minimum of 35 words per minute.

Maintains confidentiality with others since information involves complex detailed and often sensitive topics.

Develops and maintains quality time frames and management of pipeline to achieve and meet required REPC purchase contracts. Other duties as assigned

PHYSICAL REQUIREMENTS/ WORKING CONDITIONS

Physical Demands

Requires Frequent Standing Walking Sitting Using hands to handle or feel Reaching with hands and arms Talks and hears. Occasionally climbs kneels or crawls.

Vision Requirements

Requires Close Distance Peripheral and Depth perception vision as well as the ability to focus.

Weight Lifted or Force Exerted

Frequently lifts up to 10 lbs occasionally lifts up to 25 pounds and rarely lifts up to 100 pounds.

Environmental

Office Type conditions indoors.

Noise Environment

Moderate Noise such as in a business office with equipment and light traffic.

***This Job is not eligible to be performed in Colorado or Connecticut either remotely or in-person.***

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Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.