Real Estate Lending Underwriter - Full Time at Genisys Credit Union

Auburn Hills, Michigan, United States -

Full Time

Start Date

Immediate

Expiry Date

25 Jun, 26

Salary

0.0

Posted On

27 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Risk Assessment, Credit Analysis, Fannie Mae Guidelines, Compliance, Auditing, Automated Underwriting, Manual Underwriting, Problem Solving, Communication, Credit Judgment, Math Skills, Organization, Detail Orientation, DU, LP

Industry

Banking

Description

Are you ready to be a crucial player in helping people achieve their homeownership dreams? At Genisys Credit Union, we’re more than just a financial institution—we’re a choice employer committed to the success and growth of our amazing team members! We're searching for a highly motivated and detail-oriented Full-Time Real Estate Lending Underwriter to join our dynamic Mortgage Center team. If you're passionate about making sound, ethical decisions and thrive in a fast-paced environment, this is your chance to shine!Your Mission (Position Purpose) You are the Mortgage File Detective! Your mission is to dive deep into lending documentation—including applications, employment history, income, assets, liabilities, credit reports, purchase agreements, and appraisals—to ensure every mortgage application is solid. You'll make the final call on whether a loan conforms to our credit union and crucial Fannie Mae guidelines, protecting both the member and the institution.What You’ll Be Doing (Job Duties - includes but is not limited to) As an Underwriter, you'll be on the front lines of decision-making, where your expertise directly impacts our members' lives. * Identify the Story: Pinpoint potential risks and mitigating factors that influence a member’s ability to repay their loan. * Analyze with Precision: Conduct comprehensive analyses of credit, income, assets, purchase agreements, appraisal, title work, homeowner insurance, and compliance to ensure every lending decision is prudent. * Master of the Rules: Formulate effective decisions on borrower creditworthiness based on current Fannie Mae, credit union, and Ability to Repay underwriting guidelines. * Quality Control: Complete thorough audits of loan files to verify accuracy against supporting documents and ensure compliance with all regulatory guidelines. * The Math Whiz: Cross-check the accuracy of all file-related calculations. * Manual & Automated Expertise: Transmit data to automated underwriting engines and demonstrate the ability to manually underwrite first and second mortgage files, confidently recommending exceptions when appropriate. * Problem Solver: Provide sound and creative alternative solutions to challenges. * Finalizing the Deal: Determine all satisfactory closing and prior-to-closing conditions. * Clear Communication: Issue timely approval, suspense, and/or decline letters, ensuring borrowers are notified in writing within 30 days of application under ECOA. * Speed & Efficiency: Maintain excellent service level standards for prompt turnaround on initial approval, conditional approval, and clear-to-close files. * Own Your Caseload: Prioritize your underwriting pipeline to meet critical deadlines for lock expirations, contract expirations, or guideline changes. * Team Player: Maintain positive relationships with team members, assist others in achieving monthly/annual goals, and actively support the Credit Union’s objectives. What You’ll Bring (Qualifications & Experience) * A high school diploma or equivalent is essential. * A minimum of 3 years of experience in Conventional & Portfolio Mortgage Underwriting. * In-depth Knowledge of FNMA guidelines. * Familiarity with financial statements, credit reports, tax returns, and appraisals. * Required experience with DU and/or LP. Your Toolkit (Skills & Abilities) * Excellent Communication Skills—You’ll be the liaison for complex decisions. * Sound Credit Judgment—Your decisions will be sharp and fair. * Good Basic Math Skills—Essential for accuracy. * Tech Savvy—Able to efficiently use related computer applications. * Laser Focus—Well organized and attentive to detail. The Awesome Perks (Benefits) We know you work hard, and we reward you for it! Join Genisys and enjoy: * Generous Paid Time Off (PTO). * Comprehensive coverage: Health, Dental, Vision, Life Insurance, Flexible Spending Accounts, and Short Term/Long Term Disability. * Invest in yourself with Paid Tuition up to $5,000 per year! * Bereavement Pay and Holiday pay at 8 hours per observed holiday. * Free Financial Planning Assistance. * Secure your future with our 401k up to 3% match and a 5% Profit Share! * Enjoy a flexible work schedule as needed. EOE M/F/Disability/Veteran ----------------------------------------

Responsibilities

The Underwriter acts as a detective, deeply analyzing lending documentation such as income, assets, credit reports, and appraisals to ensure mortgage applications meet credit union and Fannie Mae guidelines. Key duties involve identifying repayment risks, conducting comprehensive analyses, and making prudent decisions on borrower creditworthiness based on established rules.