Mortgage Underwriter

As an employer, BCU models the dynamic assets of a top workplace, including confidence in company leadership, competitive compensation and benefits, employee development, workplace flexibility, and a passionate employee culture supporting a unified vision. At the Credit Union, you'll have a career in a growing organization and an environment that supports your professional and personal growth.

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SALARY :

This position has a base salary range of $68,000 - $102,000 USD Annual . This range represents the expected base salary range for this position. The actual salary may vary based upon several factors including, but not limited to, relevant skills / experience and time in the role.

S U M M ARY

This role evaluates mortgage loan applications following industry, business and BCU standards through automated systems and traditional underwriting.

R O L E AND R E S P O N S I BILITIES

1. Underwrites mortgage loan applications and evaluates loans to maximize organizational profit and minimize risk or loss.

2. Recommend approval, modification and / or denial of loans originated in the U.S. and Puerto Rico for potential sale to FNMA, other investors or for retention in the BCU Portfolio.

3. Complete understanding and adherence to mortgage loan policies, investor requirements, compliance standards and lending procedures; allowing BCU to sell loans directly into secondary markets, consider participations with other institutions and portfolio lending.

4. Make recommendations to BCU's Real Estate Loan Policy and update underwriting and quality control procedures to maintain compliance with industry guidelines and standards in a timely manner.

5. Assist in training processors, loan officers, and other front line origination sources to maintain compliance with changes in guidelines, quality control standards, and policy / procedures.

6. Actively participate in our pre-close and post-close quality control process and vendor relationship.

Q U A L I F I C A T I O N S AND E D UC A T I O N R E Q U I REMENTS

• Undergraduate degree preferred.
• Minimum of 3 years mortgage lending and underwriting experience.
• Experience with automated scoring systems such as Desktop Underwriter.
• Excellent credit analysis skills and knowledge of loan products and policy.
• Ability to work effectively and communicate with management, members, internal / external contacts and vendors.
• Thorough knowledge of FNMA and BCU underwriting, and quality control standards required.
• Ability to perform in a multi-tasked environment while effectively prioritizing workload and maintaining high level of service.
• Ability to adapt to change within working responsibilities, be it internal, market, or regulatory driven

BCU Shared Values :

We foster an environment of INCLUSION. All individuals are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to the organization's success. We act with INTEGRITY. We follow the golden rule without exception. We display COURAGE in our convictions. We drive innovation, reaching beyond boundaries and thoughtfully explore new horizons. We excel through COLLABORATION. By working as one, sharing information and seeking solutions, we deliver exceptional outcomes. We WOW our members. We focus intensely on putting the member first, delivering extraordinary experiences that create lasting relationships inside and outside the organization.

We value relationships and referrals and are committed to creating the best work environment possible. From our casual dress code to flexible work arrangements, we've created a unique and inclusive culture that supports a healthy work / life balance. For this reason and more, BCU has been named a 2023 Gallup Exceptional Workplace Award Winner. #LoveBCU

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