Mortgage Underwriter - REMOTE

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Description

Business is booming - and our Mortgage department continues to grow! If you are seeking a 100% remote position with exceptional benefits and an amazing company culture, Quorum may be the perfect fit for you. We're looking for motivated individuals to join our thriving team and help us continue delivering top-tier service to our members.

Who is Quorum

Quorum Federal Credit Union is a modern financial services organization that blends over 90 years of trusted experience with innovative, technology-driven solutions. As a nationally recognized employer of choice (we’re Great Place to Work Certified and a Fortune Best Workplace in the Country!), we attract and develop top talent, empowering our team to drive the organization forward. We’re a human-centered company, committed to creating a positive and enriching work journey while supporting the personal and professional growth of our employees. We appreciate what employees do every single day and stand by our Employee Value Proposition of “Opportunity, Flexibility, Fun. A Career That’s Good. For You.”

Job Description Summary

The Mortgage Underwriter is responsible for underwriting all first and second mortgages within the allocated approval authority. The Mortgage Underwriter reviews the credit, collateral, income, and assets as well as conveying accurate lending decisions to ensure the ability and intent to repay is maintained. The Mortgage Underwriter will report to the Mortgage Underwriting Team Lead.

Key Job Responsibilities And Accountabilities

• Assures that all mortgage loan files are underwritten (within level of authority) in compliance with secondary market guidelines, specific program guidelines, credit union policies, and regulatory requirements.
• Utilize comprehensive knowledge and expertise to assess risks associated with first mortgages, self-employment income and renovation loans.
• Evaluate and analyze the integrity of the data provided for each loan file and make sound credit decisions within the designated guidelines. Review financial documents, including tax returns, bank statements and credit reports to accurately determine loan eligibility and repayment capacity.
• Consistently monitors the daily mortgage pipeline to identify areas that require intervention to expedite the mortgage process and acts accordingly.
• Supports and fulfills Management requests related to audit preparation, sale preparation, HMDA reporting and more.
• Ability to work independently following required guidance provided by management, while also supporting management and p roviding guidance and support to junior underwriters as needed, sharing insights and best practices to enhance team performance.
• Actively works with management and staff by demonstrating daily proactive planning and seeking process improvements to automate and streamline operations while maintaining adequate controls.
• Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners and vendors.
• Keeps abreast of industry developments including, but not limited to changes in regulations, market conditions, current disaster locations and technology.
• Ensure compliance with all applicable federal and state regulations by maintaining an active and valid NMLS license, and completing necessary continuing education requirements as mandated for the role.
• Ensures adherence to company policies and procedures and Banking/Credit Union Regulations.
• Performs additional duties as required.
  
  

Job Requirements, Competencies, And Skills

• Bachelor’s degree in finance, business administration or other related degree preferred.
• Minimum of seven years of comprehensive mortgage underwriting experience at a credit union, bank, or other financial institution is required. This must include the ability to assess risks associated with first mortgages and self-employment income, as well as the ability to review financial documents including: tax returns; bank statements; and credit reports to accurately determine loan eligibility and repayment capacity.
• Obtain and maintain NMLS license number as required each year, including completion of required education and training.
• Excellent problem-solving, organizational, analytical, verbal, and written communication skills.
• Strong decision making and time management skills with the ability to manage multiple projects/duties.
• Results driven, service oriented, self-motivated and able to work independently.
• Detailed knowledge of secondary market guidelines. Some knowledge of regulatory guidelines and issues.
• Complies with all requirements for Mortgage Loan Originators set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS.
• Trustworthy with the ability to maintain highest level of integrity and trust.
• Proficiency in Microsoft Office, specifically Word, Excel, and PowerPoint. Related experience with loan origination systems.
  
  

Environmental / Physical / Mental Requirements

• Stable internet connection with speeds high enough for video conferencing and screen sharing
• Smartphone with current iOS/Android OS
• Prolonged periods sitting at a workstation and working on a computer
• Ability to communicate with coworkers and customers via email, chat, teleconference, and/or phone
  
  

Compliance/legal requirements

• Quorum is an Equal Employment Opportunity employer. Qualified applicants will be considered for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, marital status, protected veteran status, or disability status. 
• Quorum will make reasonable accommodations in compliance with the Americans with Disabilities Act of 1990. Reasonable accommodations are available upon request for applicants and/or employees with qualifying disabilities throughout the application and employment process.
• Qualified Applicants with arrest or conviction records will be considered for employment in accordance with all applicable federal, state, city and local laws, rules, and regulations.
• This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employee(s) will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. The company reserves the sole right and discretion to make changes to this job description.
• Each employee is required to uphold the Credit Union's compliance with all policies, procedures, and required regulations including the Bank Secrecy Act and our Anti-Money Laundering policy.
• This document does not create an employment contract, implied or otherwise, other than an "at-will" relationship.
  
  

PLEASE NOTE

We are not able to consider candidates for this role who reside in Montana, Nebraska, Rhode Island, or Puerto Rico

Salary Range: $75,000 to $85,000 annually. Individual salary will vary based on skills and experience. Discretionary incentive compensation may be available based on company and individual performance.

Benefits: Medical, Vision, Dental, Retirement Benefits, and Paid Time Off (PTO)

Qualifications

Education

Required

• High School or better
  
  

Preferred

• Bachelors or better in Finance
  
  

Licenses & Certifications

Preferred

• Nat. Mortg. Lic. System
  
  

Experience

Required

• 7 years: Minimum of seven years of comprehensive mortgage underwriting experience at a credit union, bank, or other financial institution is required. This must include the ability to assess risks associated with first mortgages and self-employment income, as well as the ability to review financial documents including: tax returns; bank statements; and credit reports to accurately determine loan eligibility and repayment capacity.
  
  

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.