Residential Underwriter

Job Description

Job Description

Under the direction of the SVP / Residential Lending, responsible for making loan decisions on behalf of RFCU and secondary market investors, analyzing all financial and collateral documentation provided to ensure a strong, sound and compliant underwriting decision is made on all loans.

RESPONSIBILITIES :

• Reviews all aspects of mortgage and consumer loan applications. Ensures all required processes have been followed to meet compliance guidelines.
• Maintains a constant working knowledge of all secondary market underwriting and product guidelines as appropriate to investors to which RFCU sells loans. Maintains understanding of all product parameters and underwriting guidelines offered in the Residential Lending department for RFCU and approved investors.
• Makes appropriate lending decision to approve, decline, counteroffer or suspend applications as necessary, adhering to credit union or secondary market guidelines.
• Ensures appropriate level of financial and collateral documentation as required by the credit union or secondary market guidelines and to support the loan decision.
• Analyzes and signs off on all required documentation including all credit, income, asset and collateral documentation to ensure the documents are satisfactory and meet applicable guidelines.
• Submits loans through the applicable automated underwriting systems such as DU, MI and Mass Housing, etc. Creates and maintains loan tracking conditions in Encompass.
• Maintains loan authority. Issues commitment letters and presents declined files to second review.
• Manages loan pipeline, working closely with the loan analysts, loan officers and closing to ensure that all documentation is obtained, reviewed and acceptable and all conditions are met prior to all important dates, including closing.
• Additional responsibilities as assigned.

REQUIREMENTS :

Rockland Federal Credit Union is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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