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Mortgage Underwriter (Scient Federal Credit Union)
Ref No.: 16-08472
Location: Groton, Connecticut
Service Standards :
The focus of this role is to:
· Act as a catalyst and promoter, reinforcing the following credit union's service standards:
· We always act in the best interest of our members.
· We own, respond, and immediately resolve member questions/concerns.
· We look for ways to innovate and improve the member experience.
· We continuously seek the opportunity to learn and grow.
· We maintain the highest degree of professionalism in appearance, language and behavior.
· We protect the privacy and confidentiality of all member and Credit Union information.
RESPONSIBILITIES:
  • Interviews credit applicants to obtain additional information and/or documentation, if necessary, to underwrite the application.
  • Reviews loan and mortgage applications to determine general credit worthiness and the specific merits of requests for credit.
  • Analyzes the financial position of the applicant(s) to determine the affordability of the request for credit.
  • Explains alternatives for restructuring credit if a restructure will benefit the applicant(s) and provides counsel to applicants on credit related issues.
  • Approves, denies or counteroffers requests for credit within assigned lending limits and Credit Union policy.
  • Ensures correct completion of the adverse action notice for all denials and counteroffers.
  • Submits recommendations for action when the request for credit exceeds the limit of authority.
Ensures that all terms under which credit is extended including costs, repayment method/schedule and collateral requirements are within Credit Union policy, fully documented and understood by loan applicant.
  • Inputs information into credit origination systems and schedules and/or initiates credit disbursal.
  • Actively cross sells Credit Union services, informing members of services which may be of interest and/or benefit to them.
  • Provides feedback and coaching to improve the skills of employees who are conducting credit interviews.
  • Understands and knows Client underwriting guidelines.
  • Locks loan Rates for applicants and understands how to commit loans to Client, FHLB or the secondary market.
  • Insures all Loan Estimates are sent to each borrower within the federally prescribed timeframes.
  • Performs all functions from the time the application is taken through funding and post-closing that conform to all Federal, State and Local laws; including any and all regulatory regulations (NCUA).
  • Performs related duties as assigned
QUALIFICATIONS:
  • Sound Decision Making - Commits to action, but may not always be in control of resources - considers alternatives.
  • Builds Trust - Interacts with others in such a way that gives them confidence in one's intentions and those of the Credit Union. Operates with integrity and supports others.
  • Organization Skills - Organizes work and sets priorities to meet deadlines.
  • Positive Attitude - Maintains optimism despite setbacks; accepts and encourages change; looks for ways to implement change; models positive thinking.
  • Regulations/Compliance - Shows an understanding of the regulations that govern the functional area.
  • Sales - Is able to demonstrate needs-based selling to meet sales goals; shows an understanding of member needs; actively seeks to provide the best member service through matching a product or service with a member's need.
  • Accountability - Takes responsibility for ownership of problems or concerns; holds others or self-accountable for results
  • Member/Customer Focus - Considers the impact on the member and/or internal customer of all decisions and actions.
EDUCATION/EXPERIENCE :
Associate's degree or equivalent from a two-year college and two to four years related experience and/or training; or equivalent combination of education and experience.
CERTIFICATIONS :
NMLS is required.
WORK REQUIREMENTS :
  • Excellent computer skills with accuracy and speed. High level of professionalism and the ability to handle stressful situations with the highest integrity.
  • Ability to analyze financial information.
  • Demonstrated teamwork, customer service and follow up skills.
  • 1 – 2 years prior Underwriting experience is required, real estate lending is preferred.
  • Prior experience in contract preparation / loan processing is a plus.
  • Strong communication and attention to detail skills.
EQUAL OPPORTUNITY EMPLOYER M/F/D/V.
Job Type: Full-time
Required education:
  • Associate
Required experience:
  • Underwriting: 2 years
  • prior Underwriting: 2 years
  • Mortgage Underwriting: 2 years
Required license or certification:
  • NMLS
ControlID: 14.234.89 SHR