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Mortgage Underwriter

On Tap Credit Union Golden, CO
  • Expired: June 06, 2019. Applications are no longer accepted.
Our Story started more than 60 years ago when eight employees from Coors Brewery established the Coors Credit Union. Throughout the past six decades, membership expanded as products and services were introduced with a focus on delivering first-class financial solutions.

On Tap Credit Union was born from this rich heritage in 2017 when we changed the name from Coors Credit Union, to include all beer manufacturers, employees and enthusiasts. In fact, On Tap Credit Union now serves members who live in surrounding Colorado areas and enjoy beer and the Colorado lifestyle. Our primary goals are to be more inclusive while preserving our heritage embracing quality, enhance our attention to detail and commit to the communities where we live.

Who We Are
We are not the 800-pound gorilla in the credit union universe, nor do we want to be. We are a robust financial institution with a paramount vision to craft financial opportunities and bring the dream of the Colorado lifestyle to every member of our community. No matter what our members' next adventure may be, we want to help them get there.
And today, we invite you to apply for our Mortgage Underwriter opportunity.

Important Skills and Traits for this Role:
  • Bring out the best in us. You'll help perpetuate our KEG of Excellence - Kindness, Elegance and Genuineness to everyone who proudly promotes our brand now and
  • Strong interpersonal skills with the ability to work effectively in a collaborative environment.
  • Highly articulate and professional in oral and written communication skills.
  • Ability to think creatively and meet challenges with resourcefulness.
  • Ability to prioritize competing demands and effectively manage multiple tasks and/or projects.
  • Ability to make sound and timely decisions, delivering on commitments and assuming responsibility for results.
  • In-depth knowledge of credit union products and services and operational policies and procedures.
  • In-depth knowledge of secondary market loan sales and pricing structures by investor.
  • Strong analytical and decision-making skills.
  • Proficient knowledge of computer software applications and operating systems utilized (core platform, LOS, ancillary platform, spreadsheets, email systems, and word processing).
  • Must be able to work well independently and within a team environment.
  • The word 'Impossible' doesn't exist in our vocabulary, but a 'can-do attitude' does.

What You'll Do
Review, evaluate, and then accept/deny mortgage loan files using internal underwriting standards, investor underwriting standards (overlays), and general underwriting guidelines as conveyed by Fannie Mae, Freddie Mac, to determine credit worthiness of the applicant. Maintain the credit union's profitability targets on loans sold into the secondary market by determining which investor to sell loans to on a case by case basis.

What That Means
  • Receives and reviews loan files for sufficient documentation to make informed loan decisions based on the product description and standard underwriting guidelines. If there is insufficient information, requests the required information or documentation from the processor, originator, and/or member.
  • Completes a thorough analysis of the loan package including sources of income and asset verification to determine compliance with credit union and/or investor requirements, making sound lending decisions and recommendations within established lending authority.
  • Reviews appraisals to determine the consistency of information, if the comparables have been used within reasonable tolerance to support the final value, and if any additional underwriting considerations need to be made based on the condition of the property or of other conditions recommended/required by the appraiser.
  • Selects the private mortgage insurance company to provide required coverage to all loan files requiring PMI.
  • Provides supporting documentation in the file if a policy, procedure, or guideline exception is made stating the type of exception and compensating factors to support the decision. Prepares and signs all conditional and final approval letters.
  • Provides effective and timely communication with all applicable parties including management, escrow, realtors, and staff to meet deadlines.

Here's What's in it for You:
  • Growth and Development. Interested in career expansion? On Tap's management team is committed to growing your skill set through regular coaching sessions.
  • Benefits Worth a Double-Take. Besides medical, dental, and vision coverage, we've got PTO (paid time off) and financial loan programs to help you achieve your next adventure. And your birthday? We consider this a holiday too and give you a day off to celebrate!
  • 401k Perk. We'll jump-start your savings by matching your contributions (100% of the first 5% you invest). Those match dollars are pre-taxed and 100% vested the month following your date of hire.
  • Dress Code Extraordinaire. We've implemented a casual-dress work environment which includes On Tap branded gear, along with the option of beer gear to showcase our beer heritage and brewery partners. As a bonus, we also give clothing stipends to help you fill your closet.
  • Wellness Center. Deeply discounted at only $10.00 per month, you'll have access to a state-of-the-art workout facility including daily fitness classes like spinning and yoga.
  • Complimentary Massages. Feeling stressed? Got a kink in your neck? You have nine opportunities a year to take advantage of our chair massages to help you relax and re-charge.
  • Make the Grade. On Tap believes in supporting our employees by offering regular career coaching and underwriting 75% of your education expenses up to $2,500 each year after one full year of employment.
  • Co-workers. They are pretty cool, really like their jobs, embrace collaboration, ensure our members take center-stage and are life-long learners.

So that's our story. Interested? Then start your application. We want to hear your story.

On Tap Credit Union is proud to be an Equal Opportunity Employer who provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, age, national origin, disability veteran status, pregnancy, sexual orientation or any other characteristic protected by law.

www.ontapcu.org

SAFE ACT STATEMENT This position may require the employee to register in the future as a mortgage loan originator with the Nationwide Mortgage Licensing System and Registry ("Registry") and obtain a unique identifier from the Registry before engaging in mortgage loan originator activities, to maintain and renew that registration on an annual basis, to update registration information with the Registry on a timely basis, and to provide that unique identifier to consumers as required by applicable SAFE Act regulations and credit union policies and procedures.

INFORMATION SECURITY STATEMENT Employees of On Tap Credit Union are responsible for maintaining the trust of our members, partners, and regulators through the safekeeping of member, Credit Union, and employee information assets. To this end, each employee is responsible for understanding and adhering to On Tap Credit Union's Information Security Policy and Program as the same relates to their role and work. These duties vary by position and additional duties related to information security and/or participation in committees related to information security may be assigned from time to time.

Required Skills
Preferred Skills:
  • Bachelor's degree in Finance or Business Administration or equivalent combination of education and work experience.
  • Completion of formal credit training program.
  • FHA Direct Endorsement Underwriter.
  • Staff Appraisal Reviewer (SAR) VA Appraisal Underwriting Experience.


Required Experience
Qualifications:
  • Minimum 5 years of successful mortgage underwriting for secondary market investors.
  • Minimum 7 years of banking experience.

On Tap Credit Union

Address

Golden, CO
80403 USA