Mortgage Underwriter at DFCU Financial

Dearborn, Michigan, United States -

Full Time

Start Date

Immediate

Expiry Date

12 Jun, 26

Salary

0.0

Posted On

14 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Assessment, Credit Decisions, Regulatory Compliance, Loan Underwriting, Analytical Skills, Judgment, Collaboration, Financial Document Examination, Loan Origination Systems, Automated Underwriting Systems, Problem-Solving, Interpersonal Skills, Written Communication, Verbal Communication, Quality Control, Adaptability

Industry

Banking

Description

Join the DFCU Financial team today, and discover the benefits, rewards and development opportunities from one of the largest and best managed credit unions in the country. Do you have a sharp eye for detail and a passion for making sound credit decisions? Are you organized, deadline-driven, and committed to accuracy and compliance? As a Mortgage Underwriter, you are responsible for evaluating the risk of mortgage loan applications to determine creditworthiness and compliance with lending guidelines. This role involves conducting detailed risk assessments, ensuring regulatory compliance, and collaborating with loan processors and closers to facilitate timely, accurate loan decisions. Strong analytical skills, sound judgment, and effective collaboration are essential for success in this role. The Opportunity: We are seeking a full-time Mortgage Underwriter to join our team in Michigan. What You’ll Do: Underwrite residential mortgage loan applications in compliance with company, investor, and regulatory guidelines. Maintain underwriting pipeline that meets established SLAs and productivity benchmarks. Issue loan approvals, suspensions, or denials with clear documentation and rationale. Deliver clear, well-documented underwriting decisions and conditions with written justification aligned to program guidelines. Collaborate with loan officers, assistants, processors, and closers to resolve file-level and documentation issues, ensuring loans move efficiently toward closing. Meticulously examine financial documents like tax returns, pay stubs, credit reports, and asset statements to assess borrower's ability to repay the loan. Evaluate financial risk to determine loan eligibility based on company and investor guidelines. Ensure compliance with federal, state, and investor regulations, including TRID, ECOA, RESPA, and HMDA, and stay current on industry guidelines and best practices. Maintain accurate records and update loan status in the loan origination system. Support new product rollouts by adapting underwriting criteria and workflows. Participate in quality control reviews and implement feedback to improve underwriting standards. Provide support to other areas within the department as needed or time allows to ensure operational efficiency. What You’ll Need: High school diploma or equivalent; associate or bachelor’s degree preferred. Minimum 3 years’ experience in mortgage underwriting. Strong knowledge of conventional, FHA, VA, and state-supported loan programs. Proficiency in loan origination systems and automated underwriting systems (AUS). Experience underwriting loans in Michigan and Florida markets, preferred. Knowledge of specialized government-backed loan products, preferred. Familiarity with investor guidelines from Fannie Mae, Freddie Mac, FHA, and VA, preferred. Proficient in Microsoft 365. Demonstrated analytical and problem-solving skills. Able to initiate and embrace change. Excellent interpersonal skills, including written and verbal communication, and ability to work in a team environment. Occasional overtime may be required during peak periods. What We Offer: Potential for a hybrid work schedule 401k plan match, dollar for dollar up to 4% 401k additional employer contribution after one year at 5% Employee bonus program Medical, dental and vision insurance effective date of hire Health savings account (HSA) Flexible spending accounts for medical and dependent care expenses Adoption assistance for qualified expenses maximum $10,000 per child Wellness initiatives and reimbursements Pre-paid legal services plan Identity protection plan Accident supplemental plan Short & long term disability plans paid for by company Company provided basic life insurance of $50,000 plus supplemental for employee, spouse and child Pet Insurance Free financial planning assistance Numerous fun employee events throughout the year Volunteer and community engagement opportunities Employee loan discounts (closed-end loans) Service / anniversary awards Employee discounts for company logo wear Employee referral payouts for recruiting your friends and family Paid lunch time Tuition reimbursement / Education assistance Ongoing training opportunities Leadership development program Paid time off Paid holidays (13 per year) Flexible scheduling for students Equal Opportunity Employer / Disabled / Veterans

Responsibilities

The Mortgage Underwriter is responsible for evaluating the risk of mortgage loan applications to determine creditworthiness and compliance with lending guidelines, which includes conducting detailed risk assessments and ensuring regulatory compliance. This role involves issuing loan approvals, suspensions, or denials with clear documentation and collaborating with loan processors and closers to facilitate timely and accurate loan decisions.