26 days old

Mortgage Underwriter I, II or III (DOE)

OneAZ Credit Union
Phoenix, AZ 85027
  • Job Code
    133919794

Teleworking may be approved for this position. Must reside in Arizona to work remotely.


Our ideal candidate: Approves or denies mortgage loans based on credit union guidelines by performing the following duties. Provides guidance and support to other department associates. Keeps abreast of ongoing market changes and keeps all department staff informed of critical changes. Any individual who meets the definition of a mortgage loan originator and is employed by a federal agency-regulated institution will need to be registered on NMLS. Ensures compliance with applicable policies, laws, and regulations, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) compliance, USA Patriot Act, and Office of Foreign Assets Control (OFAC).

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet credit union and government standards. Evaluates the entire credit package and collateral to ensure the credit union's position of a quality loan product.
Confirms accuracy of all income, indebtedness, ratios, loan-to-value and any other calculations necessary in determining final decision.
Recommends loan to Mortgage Manager if the loan amount exceeds the authorized lending authority.
Works closely with processing, closing, funding and quality assurance to ensure member is receiving a product that will be beneficial to member.
Evaluates acceptability of loan to corporations that buy real estate loans on secondary mortgage markets, where existing mortgages are bought and sold by investors.
Determines terms and acceptability of risk of prospective business.
Sets prices for prospective mortgage loan applicants.
Approves or rejects loan application, based on RE Loan level, or requests additional information.
Clears credit and property conditions placed on loan as required.
Reviews title to ensure ALTA matters have been cleared and easements are within general guidelines as established by credit union.
Reviews flood certifications and compares to appraisal.
Records loan rejections, specifying investor and credit union guidelines and basis for declining application, such as insufficient cash reserves.
Assembles documents in loan files, including acceptance or denial, and returns files to originating mortgage loan officer.
Maintains underwriting activity logs and provides weekly or monthly underwriting reports to Mortgage Lending Manager.
Provide critical support to both processing and sales staff regarding loan guidelines, placement and possible scenarios
Stays informed of changing market guidelines and communicates to managers and staff critical market data
Communicates to management associate issues that may require additional training or management intervention
Develop an understanding of Credit Union philosophy, organization, bylaws, and operational procedures and comply with the requirements of the Bank Secrecy Act, AML, OFAC and all other applicable State and Federal Financial Institution Regulations.
Ability to train and work with construction loans not limited to underwriting of construction specific documents, builder contracts, cost breakdowns, and description of materials

Education and/or Experience
Associate's degree or specialized course of study or certification; five to seven years underwriting experience with knowledge of FNMA/FHLMC guidelines.


Why join the OneAZ team?

Our culture is one-of-a-kind! Youll be joining a team of friendly, hardworking, helpful associates with the same mission guiding all that we do: We exist to improve the lives of our members, our associates and the communities we serve.

We are proud to be an equal opportunity employer and value diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

We offer robust benefits including low-cost medical, dental and vision plans, gym reimbursement, paid parental leave, generous personal days and vacation time, and an award-winning 401(k) program among many others. Take a look at our career page for detailed benefit information: www.oneazcu.com/about/careers

Additional Notes:

Candidates for this position will be required to sign an authorization for OneAZ to conduct a credit and criminal background check, pursuant to procedures in the Fair Credit Reporting Act and any other applicable laws.

All candidates will be considered for this position on an individualized basis, in compliance with all applicable equal employment opportunity laws.

Ensures compliance with applicable policies, laws, and regulations, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) compliance, USA Patriot Act, and Office of Foreign Assets Control (OFAC).

Any individual who meets the definition of a mortgage loan originator and is employed by a federal agency-regulated institution will need to be registered on NMLS.





PI133919794

Categories

Posted: 2021-04-12 Expires: 2021-05-13

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Mortgage Underwriter I, II or III (DOE)

OneAZ Credit Union
Phoenix, AZ 85027

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