Mortgage Loan Underwriter

• To assist members with their mortgage lending needs: analyze loan requests, generate necessary paperwork, insure loans are in compliance with applicable financial regulations and make credit decisions based on mortgage lending policy.
• Periodically assists members with other consumer lending needs in accordance with their limits of authority.

Essential Functions & Responsibilities:

• Reviews and evaluates mortgage applications to determine if borrower, property, and loan conditions meet credit union and regulatory standards; processes, issues disclosures, and approves, rejects or requests additional information on loan applications; establishes terms and conditions of an approved loan and reviews with member; prepares documents for closing; travels to branches as needed for closings.
• Assembles and organizes documents in loan file; assists with title and insurance tracking; ensures mortgage is properly recorded; prepares final loan file for auditing.
• Ensures all operations for mortgage and other assigned loan products are in compliance with governing regulations; requires maintaining and updating knowledge of financial and mortgage regulations, HMDA, fair lending rules and secondary market.
• Maintains mortgage license in compliance with the SAFE Act.
• Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending; stays informed of market trends for assigned consumer loan products.
• Works with credit union vendors and third parties; appraisers, real estate agents, title companies, other financial institutions, and insruance companies.
• Administers existing loan programs; audits mortgage loans to ensure complete, accurate and compliant loan files.
• Reviews all title information for discrepancies and to ensure the credit union's lien position.
• Assist members with credit counseling; offering information, options and resources to members as needed or requested by members or management.
• Has a general working knowledge and annual training of BSA/AML.

Is this what you were expecting the role to entail?