Mortgage Underwriter

Description

M-F 8am to 5pm / 40 hours / week Hybrid Tuesdays and Wednesdays in office. Candidates must reside within a commutable distance TCU's Corporate Headquarters in Vacaville, CA. Summary : Travis Credit Union's (TCU) Mortgage Underwriter job family is responsible for evaluating and approving mortgage loan applications to ensure compliance with investor, regulatory, and internal guidelines. This role exists to mitigate risk, ensure loan quality, and support the credit union's lending objectives through sound underwriting practices. Underwriters play a critical role in maintaining the financial health of the organization by making informed credit decisions and ensuring loan portfolio integrity. Profile :

• Underwrites Conventional 1st and 2nd mortgage loans. Verifies for completeness, accuracy and compliance.
• Develops and maintains up-to-date, sound knowledge of multiple loan product guidelines offered by the credit union, desktop underwriter / loan prospector (DU / LP) guidelines, and risk assessment tools used to decide mortgage loans.
• Reviews and evaluates borrower(s) profiles, including but not limited, to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals.
• Maintains established service level standard of decisions within a 48-hour timeframe.
• Primary underwriter for First and Second Mortgages, ensuring loans meet investor, regulatory and TCU guidelines. Underwrites all loans within established service level agreements, and reviews / approves loan conditions within established service level agreements.
• Maintains awareness of investor guideline updates, changing economic conditions, and new trends in the insured-mortgage markets, loan products, procedures and relevant software programs.
• Reworks loans to new terms, identifies additional conditions as needed to ensure a viable credit decision.
• Analyzes and calculates income documentation, such as personal and business income statements and ensures all necessary documentation is requested to support final loan decisions.
• Exercises good judgment, conducts reasonableness tests, and issues quality decisions.
• Determines accuracy and completeness of files; ensures processes are consistent.
• Maintains sound knowledge of secondary market activity, practices, and business / industry practices as they impact underwriting quality and origination activity.
• Communicates collaboratively with sales team, processors, and management.
• Assists in the preparation of audit / repurchase responses and / or rebuttal reviews.

Skills :

Requirements :

Reports directly to assigned department leadership.

Compensation : Base salary starting range is commensurate with experience.

Our compensation philosophy is based on several factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education / training, and key skills. At Travis Credit Union, our priority is that our employees and their loved ones are provided with a Total Rewards program that ensures their health and welfare safety which allows our employees to focus on the financial welfare of our members and the credit unions objectives. As such, Travis Credit Union offers a robust benefits package to our eligible employees, including competitive medical, dental, and vision insurance, mental health offerings, employee performance incentive plan, merit increases, 401(k) program with immediately vested employer match, generous holiday and vacation policy, and extensive TCU specific perks like employee loan and credit card discounts! Travis Credit Union is an Affirmative Action Employer EOE / Individual with Disability / Veteran Status #traviscu