Real Estate Underwriter

SUMMARY:

Individual’s primary function is to effectively use their analytical skills and experience in mortgage lending to make quality loan decisions according to CFE Federal Credit Union policies, practices and procedures. Must stay abreast of conventional and FHA guidelines. Underwriter will make credit decisions within the scope of his/her lending authority. Must be familiar and remain current with all regulatory guidelines to ensure compliance.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Evaluates and renders decisions on loan applications and credit criteria. Computes debt ratios and loan to values.
• Evaluates the adequacy of the applicant’s income and the probability that the member will be able to meet expected financial obligations. Examines income and asset trends.
• Evaluates and assesses the collateral of all mortgage loans. Ensures all comparables meet guidelines and any risk is appropriate and acceptable to CFE policy and Secondary Market guidelines.
• Ensures HMDA data is entered and accurate on all loans.
• Analyzes applicant financial status, credit, and available equity to determine feasibility of granting loan.
• Assists processors and loan officers in determining acceptability of various mortgage applicants prior to the completed processing of the file.
• Must be thoroughly familiar and stay abreast of any and all changes pertaining to secondary market, state/federal regulations and private mortgage insurers at all times.
• Demonstrate ability to restructure loan to render favorable loan decisions, when possible.
• Identify and make recommendations to Real Estate Manager regarding process improvements, quality service and increased efficiencies within the production team.
• Analyzes potential lending opportunities involved in each lending situation to further assist the borrower as well as increase the credit union's lending portfolio. 
• Cross sells borrowers on the benefits of utilizing other credit union services.
• Other duties as assigned.

EDUCATION and/or EXPERIENCE:

Associate's degree (A. A.) or equivalent from two‑year college or technical school. Three to five years of experience in processing or underwriting to FNMA/ FHLMC guidelines and private mortgage insurance companies is required. Previous mortgage processing experience is required.

CFE is an Equal Opportunity Employer.