Mortgage Underwriter - Full-time / Part-time

This position is responsible for underwriting first mortgage loan applications. Review required loan information and analyze loan applicant's credit history. Approve or deny loan applications based on analysis. This position will have lending authority as determined by the Real Estate Lending Manager and the Vice President of Lending. Performs a variety of support duties related to the lending function within the credit union. This position will also assist in the underwriting of second mortgages and HELOCs as needed and assigned by the Real Estate Lending Manager. Will work with the Mortgage Processor in the capacity of coaching and mentoring on all aspects of mortgage underwriting. May also have the responsibility for generating reports for senior management as directed by the Real Estate Lending Manager.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

1. Maintain a thorough understanding of FNMA conventional Mortgage underwriting guidelines as well as all applicable private mortgage insurance guidelines and procedures.
2. Set pricing for mortgages using FNMA pricing model and HHFCU's FNMA and Portfolio Premium Target worksheets
3. Use FNMA Desktop underwriter to receive approval/decline decision on Mortgages
4. Commit /Sell loans to FNMA at desired profitability and in accordance with FNMA and HHFCU policies and procedures.
5. Maintain a thorough understanding of HHFCU's Loan Policy Manual and underwrite loans that fall within those parameters.
6. Refer Mortgage loans to Mortgages Partner(s) as necessary.
7. Assist Financial Service Representatives with the loan application process to ensure
completeness of information.
8. Review and Approve/Deny Real Estate Lending Appraisals in accordance with HHFCU policy.
9. Review and Approve/Deny Real Estate Title work and Insurance work, including Flood Insurance in accordance with HHFCU policy
10. Calculate debt-to-income ratios on loan applicants and how much of a loan applicant's debt is secured or unsecured.
11. Review Real Estate Loan Reworks and determine collateral needs and payment plans.
12. Approve or deny loan applications. Must maintain a complete working knowledge of RESPA, HMDA, Truth in Lending and all necessary lending compliances.
13. Explain reasons for declines and provide counter offers whenever possible.
14. Process adverse action notices for declined loans
15. Verify the accuracy of loan amounts and repayment terms on approved loan applications.
16. Perform responsibilities of position in accordance with federal and state regulations, credit union policies and procedures.
17. Assist in training new employees.
18. Recommend changes to improve workflow, efficiencies and quality.
19. Cross-sell credit union products and services as appropriate.
20. Process/Analyze/Maintain Lending Department reports as assigned

About Aerotek:

Aerotek, headquartered in Hanover, Md., is a leading provider of technical, professional and industrial staffing services. Established in 1983, Aerotek is an operating company of Allegis Group, the largest provider of staffing services in the U.S. Aerotek operates a network of more than 200 non-franchised offices throughout the U.S., Canada and Europe. For more information, visit .

Aerotek is acting as an Employment Agency in relation to this vacancy.