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Real Estate Loan Underwriter

Company: Frontwave Credit Union
Location: Vista
Posted on: June 9, 2021

Job Description:

Overview: $1,000 sign on bonus External Applicant-The hiring bonus will be applied to an applicant who is hired from June 20th 2021 through September, 20th 2021. The $1,000 bonus will be paid after completion of our New Employee Onboarding. Frontwave Credit Union rehires are not eligible. All applicable taxes will apply.We are seeking a Real Estate Loan Underwriter to join our team If you enjoy helping people and have experience underwriting Real Estate mortgage loans that conform to secondary market guidelines, this job may be for youAbout Frontwave Credit Union:Frontwave Credit Union is a member-owned not-for-profit financial institution serving San Diego, Riverside, and San Bernardino counties. Founded in 1952, we have grown to 14 branches with 100,000 members and manage over a billion in assets. At Frontwave Credit Union, we are focused on creating consumer solutions to provide our members and the communities we serve with products and services that enhance the quality of life for our members through exceptional service and the progressive application of technology.As aReal Estate Loan Underwriter you are responsible underwriting Real Estate mortgage loans that conform to secondary market guidelines. Responsibilities: Essential Duties and Responsibilities:Includes the following non-inclusive list. Other duties may be assigned. All duties are to be performed in compliance with applicable laws, regulations, and Credit Union policies and procedures.Reviews and tracks the mortgage pipeline report to ensure timely processing of files.Assures timely requests for property appraisals, credit reports, verification of employment or income, and other information pertinent to loan applicant's evaluation.Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loan.Communicates with applicant or creditors to resolve questions regarding application information.Is knowledgeable reviewing and analyzing Federal business tax returns for the self-employed borrower.Underwrites loan package and facilitates negotiation with applicant according to establishment standards, such as fees, loan repayment options, and other credit terms.Approves loan within specified limits or refers to ALMI committee for approval.Ensures loan agreements/documents are complete and accurate according to policy.Assures timely loan closing and funding activities.Identifies and analyzes potential loan markets to develop prospects for residential real estate loans.Advises manager of external factors that may affect established lending policies, such as new or revised legislation and regulations. Recommends and implements appropriate changes to establishment policies and procedures.Promotes and cross-sells credit union products and services as appropriate to member requirements.Assists members with inquiries and information requests, and resolves complaints relating to loan products and services offered.Assist in the training and coaching of mortgage personnel as necessary.Assists in overseeing the general functions of the Real Estate Lending department in the absence of the manager and performs duties of Real Estate Manager as necessary. Qualifications: Education and/or Experience: High School Diploma or General Education degree (GED).Two to four years of experience as a loan processor or prior experience as Real Estate mortgage loan underwriter.Position Certifications: If acting as a Mortgage Loan Originator, (MLO), will be required to be registered in the National Mortgage Licensing Registry. (NMLR) Responsible for initial registration in NMLS database and for maintaining personal information. Data must be accurate and up-to-date. Must abide by all requirements of the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act as outlined in the procedure manual.

Keywords: Frontwave Credit Union, Vista , Real Estate Loan Underwriter, Other , Vista, California

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