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Mortgage Underwriter

Vibrant Credit Union Moline, IL

  • Posted: 22 days ago
  • Full-Time
Job Description

In a Nutshell: Responsible and accountable for the timely and accurate underwriting of mortgage loans. Provides effective communication to all Mortgage Service Officers, VP of Mortgage Operations, Chief Lending Officer and Mortgage staff to ensure successful fulfillment of policy and procedure initiatives.


The Nitty Gritty

Financial Analysis: Responsible for analyzing and interpreting various financial and credit documentation at a high level of accuracy. Able to perform in-depth evaluation of the creditworthiness of Borrowers which includes, but is not limited to, the review of tax returns, asset statements, bank account statements, and credit reports.

Ongoing Training: Maintains a working knowledge of all current investor guidelines for products to ensure loans meet the requirements of secondary market investors. Remain up to date on regulatory changes and Vibrant’s internal lending policy as well as attend ongoing investor guideline training. Reviews the Quality Control audits with timely responses and proactively identifies breaks in the underwriting process that may lead to audit exceptions.

File Completeness/Accuracy: Ensures mortgage loan file documentation meets investor requirements in preparation for secondary market sale. Underwrite files requiring PMI in adherence to PMI guidelines. Review of mortgage files to ensure all applicable documentation has been obtained and completed thoroughly.

Mentor/Coach: Performs second level review on loans that a less experienced underwriter recommends for denial to determine if there is another product available for loan applicant. Assist with underwriting training and provides guidance throughout the mortgage department which includes Mortgage Service Officers, Underwriters, and Processors or other staff as directed by the VP of Mortgage Operations.

Collaboration: Provide exceptional service and assistance as needed to Mortgage Service Officers, Processors, VP of Mortgage Operations, and Chief Lending Officer to ensure department production requirements are met.



What to expect when you’re expecting…to get the job:

  1. Provide exceptional experience to help drive sales and service.

  2. Be quick to engage when there is an opportunity for interaction.

  3. Positively contribute to your individual Team dynamic and the organization as a whole.

  4. Dare to be different. Have fun doing it.

  5. Successfully meet individual goals and objectives.

It’s in our CORE

OWN EVERY OPPORTUNITY

We believe our job descriptions are truly just a jumping off point. A "not my job" mentality just won’t fly. We expect employees to dive in whenever they see a need. No job too big or small, no task too crazy, and most importantly, no person exempt. Going above and beyond is just...expected. We are actively on the hunt for new ways to surprise and delight. Vibrant employees are empowered to take action. In our line of business, we are able to have a huge impact on people’s lives and we don’t take that lightly. Going above & beyond and thinking outside of the box is what creates that unforgettable "Vibrant Experience" for our Members & Communities!

BE SWIFT AND RELENTLESS IN THE PURSUIT OF GREATNESS

Think insane, and settle for crazy. Our team runs at "Vibrant Speed" on the road to greatness, and greatness, well, it sounds like a pretty great place to be! We take action, make decisions, and move forward with the best interest of our Members, Employees, Communities, and Company in mind. We understand taking big chances means taking big risks, but we never let the fear of failure hinder our path to greatness. Our "all hands on deck" attitude is there to ensure that when issues arise they are fixed correctly and quickly. Good and great won’t get the job done. We are looking for exceptional. Vibrant employees push the boundaries to go places most didn’t think were possible.

BRING CONTAGIOUS ENERGY

Vibrant employees have an energy that people gravitate to. We are passionate about what we do and we aren’t afraid to show it. Between our bold colors and even bolder personalities, you can see us coming from a mile away...and that’s the way we like it! By starting our day off with high-energy Motivational Moments and passing out Hallway High-Fives to each other throughout the day, our Culture promotes real connections that transcend outside of working hours. We believe that when our employees truly care about one another, their positive energy is contagious! While "fun" may be voluntary elsewhere, at Vibrant participation is a must! Vibrant’s not just a job, it is a lifestyle.

ARE UNIQUE AND AUTHENTIC

At Vibrant, we are comfortable being...uncomfortable. We encourage employees to be honest, raw, and voice their thoughts. Employees at Vibrant won’t settle for mediocre and aren’t afraid to fight for what they think is right. We are transparent across the board, meaning no idea is too crazy, no process or decision is sacred and no opinion will go unheard. Vibrant employees seek to understand "the why". Clashing ideas & different opinions are welcome and Debate Club experience is a plus. We take criticism and make it constructive and we are willing to let the best idea win regardless of where or who it came from. We understand that each one of us is a part of a greater whole. We encourage employees to be their (best) self from the moment they walk through our doors. Our diverse knowledge and eclectic backgrounds are what really keeps Vibrant’s wheels turning. Let’s just say being "unique" is not a lonely place at Vibrant!

THINK, SPEAK, ACT FOR THE COLLECTIVE GOOD

We recognize that every decision we make and every action we take has the potential to impact not only ourselves, but our members, communities, teammates, and the organization as a whole. With that in mind we strive to focus on the concept of 'we' vs. 'me'. In short, Vibrant employees check their ego at the door. While we recognize each person's individuality and input, we also understand that when we focus on winning as an organization rather than as individual teams or contributors, it benefits us all. So what does winning as an organization look like? It's when we're consistently collaborating, making decisions for the greater good, and stepping up to support our teammates. Teams are no more than the sum of their collective parts. When we ensure each of our people is in the right seat and supported to do their best work with the needs of others in mind, we win, together.

Do you have what it takes?

  1. Minimum BS/BA degree with at least 3 years of experience and proven track record in mortgage underwriting and/or 3+ years experience in mortgage processing.

  2. Decision maker with the ability to prioritize and communicate to staff key objectives and tactics necessary to achieve safety and soundness of mortgage underwriting.

  3. Ability to research, read and correctly apply company guidelines.

These are the must haves aka minimum requirements for the job:

To be successful in this position, an individual must be sales driven, organized, dependable, detail-oriented, personable, and tactful. This individual should consistently demonstrate an unwavering commitment to quality service and data-driven evaluation.. Must have the ability to make critical decisions and prioritize key objectives. This individual should also possess excellent verbal communication skills and mathematical reasoning ability. They must understand all Vibrant Credit Union products and services. It is essential that this individual understand and abide by the strict confidentiality policies that are necessary in any financial institution.

Vibrant Credit Union

Address

Moline, IL
61265 USA

Industry

Finance and Insurance

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