Real Estate Underwriter

CA - San Diego

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Position Overview:

Are you Service-Driven and Detail Oriented? Do you thrive in a fast-paced environment? USE’s Real Estate Department is the perfect place for you! As a Real Estate Underwriter, you’ll have the chance to create an effortless member expereince and help members achieve their dreams. Become part of a team that is key in delivering extraordinary experiences. Do you have what it takes?

SUMMARY
  • Conducts the lending activities related to processing and underwriting within the delegated loan Authority
  • Primary responsibility is to timely underwriting of 1 st and 2 nd Trust Deed loan, while rendering credit decisions in accordance with credit union, conventional secondary market investors, mortgage insurance company and federal and state regulators guidelines
  • Responsible for efficiently and accurately underwriting mortgage applications in compliance with credit union and Fannie Mae (FNMA), secondary market lending guidelines
  • Maintain quality service standards and service level agreements (SLA) set by the organization
QUALIFICATIONS
  • To perform this job successfully, an individual must be able to perform each essential duty Satisfactorily
  • The requirements listed below are representative of the knowledge, skill, and/or ability required
  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential function
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:
  • Underwrite real estate (1 st and 2 nd Trust Deed) loan applications according to credit unión and secondary marketing lending standards; along with state and federal regulations
  • Proficiently maintain an underwriting pipeline nual average of 25-30 loans per month
  • Of this average pipeline, a nuali of 50% of the pipeline should fund monthly
  • Knowledge of RESPA and TRID guidelineS
  • Proficient with credit nual’s conventional and non-conventional loan products
  • Ensure completeness and accuracy of all loans prior to loan moving to closing for final document preparation
  • Verify all required loan documentation to satisfy underwriting findings in accordance with credit nual, FNMA and secondary market guidelines
  • Review and approve various file components including flood, credit report supplements, deposit statements, income verification and demands
  • Review and approve preliminary title report, escrow instructions and purchase contracts
  • Verify and approve all loan level nual adjustments
  • Review, and approve all types of income verification to include: wage earners, paystubs, Schedule C, corporate and rental income, etc.
  • Approve loan salability for secondary market investors
  • Ensure loan approvals adhere to property type, occupancy, loan to value and loan amount guideline established by FNMA, USE Credit Union and secondary market guidelines
  • Must also be able to understand the levels of risk associated with mortgage loans, and be able to restructure loan applications as needed to reduce risk to credit unión
  • Render credit decisions in a fair and impartial manner to the best of his or her ability
  • Review, Approve and Perform in nual nualis of all appraisal reports, to ensure reports meet all conventional secondary market requirements
  • Maintain strong working knowledge of current investor underwriting requirements, to include Fannie Mae, mortgage insurance companies, and other investors as business is Developed
  • Perform underwriting tasks within the assigned service level agreements for position
  • Establish and maintain good working relationships with team members and retail Network
  • Participate in AML/BSA compliance training as assigned. Adhere to credit nual
  • AML/BSA policy and procedure, including CTR rules and form preparation
  • Identify and refer suspicious activity to the Risk/Compliance department
  • Comply with business continuity and vendor management policy
  • These are crucial to the success of the organization and have regulatory compliance and/or safety and soundness for the sustainability of the credit unión
  • Adhere to company policy and procedure, complete nual compliance training, comply with business continuity and vendor management policy
  • These are crucial to the success of the organization and have regulatory compliance and/or safety and soundness for the sustainability of the credit unión
  • Other duties as assigned
EDUCATION and/or EXPERIENCE
  • Bachelor’s degree (B. A.) from 4-year College or University; or equivalent related to job Experience
  • Minimum 5 years of recent experience processing conventional mortgages with a direct lender, mortgage insurance company or mortgage broker, or 1-3 years recent experience underwriting conforming mortgage loans

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