Temporary Mortgage Underwriter- Correspondent Loans (REMOTE)

Description

Who is Quorum

At Quorum Federal Credit Union, we are a cutting-edge credit union that operates as a technology company, delivering innovative financial solutions to our members. As a remote organization, we thrive on collaboration and recognize outstanding performance. We are the ideal workplace for self-motivated individuals who are committed to organizational success and eager to join a dynamic team of professionals. We stand out as a best-in-class employer, offering a unique and supportive work environment that fosters personal and professional growth. Our culture is built on valuing teamwork, recognizing achievements, and providing the tools and resources needed to excel. If you are looking for a place where you can make a meaningful impact, enjoy a flexible and fulfilling work experience, and be part of a forward-thinking team, Quorum Federal Credit Union is the perfect fit for you.

Job Description Summary

We strive for innovation and new ways to solve complex problems to deliver on our promise in creating Banking That's Good. For You. The Correspondent Mortgage Underwriter is responsible for review and underwriting all first and second mortgages within allocated approval authority. This position is 100% remote within the US.

Key Job Responsibilities and Accountabilities

• Review and underwrite closed loan packages submitted by approved correspondent lenders for compliance with FNMA and internal guidelines.
• Validate income, assets, credit and collateral documentation to determine loan eligibility.
• Evaluate full closed loan packages for completeness and consistency, including final 1003, title policy, CD, and collateral documents.
• Review title and appraisal reports for acceptability and compliance with agency standards.
• Identify documentation discrepancies and request appropriate cures from sellers.
• Sign off loan conditions and prepare loan for purchase or suspense notification.
• Communicate clearly, timely and professionally with correspondent sellers regarding loan decisions, suspense conditions, and documentation needs.
• Collaborate with secondary market, closing, and post-purchase teams to ensure smooth loan flow and timely purchase.
• Provide guidance to correspondents on investor guidelines and underwriting best practices when appropriate.
• Maintain up-to-date knowledge of agency and investor guidelines, credit policy updates, and regulatory changes.
• Assist in identifying patterns in loan defects or seller errors and recommend training or process improvements.
• Uphold compliance with fair lending, privacy, and anti-fraud regulations.
• Supports and fulfills Management requests related to audit preparation, sale preparation, HMDA reporting and more.
• Actively works with management and staff seeking process improvements to automate and / or streamline operations and maintain adequate controls.
• Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners and vendors.
• Keeps abreast of industry developments including but not limited to changes in regulations and technology.
• Ensures adherence to company policies and procedures and Banking / Credit Union Regulations.
• Performs additional duties as required.

Job Requirements, Competencies, and Skills

Environmental / Physical / Mental Requirements

Compliance / legal requirements

We are not able to consider candidates for this role who reside in Montana, Nebraska, Rhode Island, or Puerto Rico. Quorum's opportunities are based in the US and US work authorization is required. We are not able to support current or future sponsorship.

Salary Range : $36.05-$40.85 per hour.

#LI-Remote

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.