Verity Credit Union Mortgage Underwriter in Seattle, Washington
Job DetailsLevel ExperiencedJob Location Headquarters - Seattle, WAPosition Type Full-TimeEducation Level High School Diploma or EquivalentandnbspTravel Percentage NegligibleJob Shift DayJob Category FinanceDescription Credit Union Home Mortgage Solutions (CUHMS) is looking for a Underwriter to join our team who will be responsible for reviewing, analyzing, and approving underwriting conditions of approvals to insure individual loan requests are within company and industry guidelines.About Us. . .Credit Union Home Mortgage Solutions (CUHMS) is a comprehensive provider of mortgage solutions for our not-for-profit credit union owners. Our mission is to position credit unions as the preferred source of mortgages in the Pacific Northwest. We care about being a great place to work and are honored that our employees voted us a 2020 Top 100 National Best and Brightest Company for the 4th year in a row! (NMLS 793241)Our Values Are. . . People come first.Trust is earned every day.Teamwork is the foundation of our success.Innovation comes from each of us and all of us.ESSENTIAL JOB FUNCTIONSReview and audit loan files for completeness and accuracy, analyzing credit documents, including, but not limited to, mortgage applications, credit history and income documents, title documents, appraisals and all applicable compliance documents. Make sound underwriting decisions. Evaluate debt ratio, loan-to-value ratios, credit score, property valuation and various other factors. Determining and documenting loan conditions and communicating requirements and/or decisions.Adhere to all secondary market and lender policies and procedures, in addition to Federal, State, and/or municipal laws and regulations; including second look policiesIdentifies risks of underlying business practices, underwriting, and/or fraud exposure. Ensure loan package complies with all credit union, investor, RESPA, HMDA, Fair Lending, ECOA, policies, procedures, rules and regulations.Effectively communicate underwriting decisions and conditions verbally and in writing Review conditions of approval to ensure acceptability to investor policies and procedures Ensure final DU, loan application, and underwriting transmittal are accurate.Identify and resolve loan deficiencies in a timely fashion. Seek supervisor or management assistance as needed.Makes a concentrated effort to provide solutions to loan qualifications and present counter-offer terms when appropriateActively support the decisions and respect the knowledge of supervisors and colleagues by sharing information about the department, business unit, organization and the underwriting industry. Participate in identifying potential challenges within the underwriting process and/or department and makes recommendations for changes to improve.Other duties, as assignedQualifications We Desire Experience and EducationA high school diploma or equivalent is required.A minimum of 5 years of mortgage processing experience with clearing conditions authority, with recent experience during the past 12 months is strongly preferred.Up-to-date knowledge of all applicable underwriting policies and guidelines and industry rules and regulations is preferred.Must be able to be bonded as a notary.Knowledge, Skills, and AbilitiesExpert knowledge of mortgage products, industry regulations, and underwriting policies and procedures required.