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Mortgage Lending Underwriter

Posted on Sep 24, 2019 by Cardinal Credit Union

Mentor, OH 44060
Accountancy
Immediate Start
Annual Salary
Full-Time

Cardinal CU was selected by The Cleveland Plain Dealer as a 2017 Top Work Places company. Founded in 1953, Cardinal Credit Union is a community chartered credit union serving citizens in Lake, Cuyahoga, Geauga, Ashtabula, Portage, Summit, Mahoning, Trumbull, and Columbiana counties. Our mission is to brighten our member's financial future. The Credit Union National Association (CUNA) recognized Cardinal as one of the 200 Healthiest Credit Unions in the nation.

Role

The Mortgage Underwriter is responsible for performing a thorough analysis of the mortgage loan file and ensures the files adhere to the current mortgage regulations and Credit Union policies/procedures. The Underwriter must examine loan documentation for accuracy and completeness and determine whether additional information is required to support the loan file. The Underwriter must use sound discretion during review in order to make final credit decision.

Knowledge of Fannie Mae and Freddie Mac underwriting guidelines required.

Responsibilities

Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet Credit Union and government standards.

Approves or rejects loan application or requests additional information.

Evaluates acceptability of loan to corporation that buys real estate loans on secondary mortgage markets (where existing mortgages are bought and sold by investors).

Assembles documents in loan file, including acceptance or denial, and returns file to originating mortgage loan department.

Records loan rejection, specifying investor and Credit Union guidelines and basis for declining application.

Our competitive benefits package includes: medical, prescription, dental, vision, life, long-disability Insurance, generous 401(k) plan, paid time off and holidays, loan discounts and much more. Cardinal Credit Union is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment.

Non-smoking work environment

Reference: 761339267

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