Mortgage Underwriter at FreeStar Financial Credit Union

Sterling Heights, Michigan, United States -

Full Time

Start Date

Immediate

Expiry Date

29 Aug, 26

Salary

60000.0

Posted On

31 May, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Underwriting, Financial Analysis, Loan Documentation, Risk Assessment, VA Loans, Income Calculation, Compliance Monitoring, Title Review, Regulatory Knowledge, SAFE Act Compliance

Industry

Banking

Description

FreeStar Financial Credit Union is looking for a dynamic Mortgage Lending Underwriter. If you would love to use your skills in analyzing and underwriting loans, this may be the right role for you! Salary: $55,000-$60,000/annually Job Location: Sterling Heights Schedule: The standard work schedule will be a 5 day work week Monday - Friday with occasional Saturdays. Hybrid remote work schedule is available after a discretionary training period. Benefits: 3 weeks paid time off in the first year 401k with up to a 6% match Tuition Reimbursement Year-end bonuses Position Purpose: The primary purpose of the Mortgage Lending Underwriter is to assist FreeStar Financial Credit Union in fulfilling our mission by analyzing member's financial information for the purpose of determining the qualifying status for mortgage loans. Interview and answer any questions concerning loans and rates. Collate, review and verify loan documents necessary for the transaction What You'll Do In This Role: Underwrite mortgage loan applications and evaluate loans in order to maximize organizational profit and minimize risk or loss. Complete a thorough analysis of mortgage loan files to determine compliance with agency, company, and investor guidelines to ensure the salability of closed loans. Review and analyze submitted files and documents. Create and maintain an effective mortgage training program which includes training mortgage loan originators as well as other lending team members on their respective lending duties. Frequently act as Consumer Lending decision maker/underwriter. Act as the subject matter expert for Veterans Administration (VA) loans. Maintain Credit Union service level and turn-time standards. Maintain working knowledge of agency and investor guidelines and policies. Accurately review a member's financial information to calculate their gross monthly income Have a detailed understanding of how to calculate self-employment income Ability to process Mortgage applications including closings pursuant to the SAFE Act requirements. Monitor property and appraisal processes. Assess risks to determine approval status. Review title commitments for outstanding liens or other possible issues. What You'll Bring To FreeStar Financial: High School Diploma or equivalent. Minimum of three to five years of similar or related experience in the financial industry. Must have knowledge of various federal regulations and the responsibilities relating to each act of the following: Right to Financial Privacy Act Regulation C (Home Mortgage Disclosure Act - HMDA) Regulation CC (Funds Availability) Regulation ZZ (Truth in Lending) Bank Secrecy Act (BSA) What You'll Get Working at FreeStar Financial: Partner with a talented team helping to provide financial solutions to our members! Be part of an environment where our service to each other is just as important as our service to our members! A wonderful opportunity to expand your skillset and develop professionally! Join a Credit Union culture that makes an impact in the community! Join an organization that appreciates and promotes having balance in your life! A competitive compensation structure that rewards the contributions of our team members!

Responsibilities

Analyze member financial information to determine mortgage loan eligibility while maximizing profit and minimizing risk. This role involves reviewing loan files for compliance with agency guidelines and acting as a subject matter expert for VA loans.