Senior Residential Underwriter at Securityplus Federal Credit Union

Windsor Mill, Maryland, United States -

Full Time

Start Date

Immediate

Expiry Date

22 Dec, 25

Salary

0.0

Posted On

23 Sep, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Residential Underwriting, Credit Analysis, Regulatory Compliance, Risk Assessment, Documentation Review, Collaboration, Member Experience, Leadership, FHA DE Certification, VA SAR Certification, Income Analysis, Collateral Review, Automated Underwriting Systems, Loan Origination Systems, Analytical Skills, Organizational Skills, Communication Skills

Industry

Banking

Description

Description About Securityplus Federal Credit Union: At Securityplus Federal Credit Union, we’re more than just a financial institution—we’re a community dedicated to empowering people with financial security and being our members’ first choice. With a mission of building lasting relationships and ensuring that households in our communities are financially healthy, we always put our members first. Our culture is driven by our values—Collaboration, Agility, Respect, Excellence, and Spirit—which guide how we work, lead, and serve. We’re a forward-thinking team that’s not afraid to innovate, embrace change, and bring positivity and passion into everything we do. If you’re ready to help us grow, strengthen connections, and transform how we serve our members, you might be the person we’re looking for. About this Role: Ready to bring your expertise to the front lines of residential lending? We’re looking for a Senior Residential Underwriter to evaluate and underwrite a wide range of mortgage products—including Fannie Mae, Freddie Mac, FHA, VA, TPO, Portfolio, and Home Equity loans—while ensuring compliance with secondary market, investor, and GSE guidelines. In this role, you will exercise the highest lending authority within the team, making loan decisions on complex applications that require advanced credit analysis and sound judgment. You will review applicant information, tax returns, title reports, and valuations—including appraisals—to render timely and accurate loan decisions. With your FHA Direct Endorsement (DE) and VA Staff Appraisal Reviewer (SAR) certifications, you will apply extensive knowledge of residential underwriting to deliver results in a high-volume, fast-paced environment. As a key contributor, you will balance risk management with member needs, ensuring every decision supports both the financial health of the credit union and the member experience. If you’re passionate about credit analysis, regulatory compliance, and creating seamless lending experiences for members, this is your opportunity to make a meaningful impact and help shape the lending future at Securityplus Federal Credit Union. Requirements In this full-time non-exempt role, you’ll be responsible for: Residential Loan Underwriting You will underwrite a full range of residential mortgage loans—including conventional, FHA, VA, Fannie Mae (FNMA), Freddie Mac (FHLMC), third-party investor, portfolio, and home equity products. This includes reviewing and analyzing borrower credit, income, asset, and collateral information to ensure compliance with agency, investor, and internal guidelines, as well as all applicable federal and state regulations such as TRID, ATR/QM, ECOA, and HMDA. You will utilize automated underwriting systems, while performing manual underwriting when needed to assess complex borrower profiles in a fast-paced environment. Decision-Making & Risk Assessment You will exercise lending authority to approve, decline, or counteroffer loans in line with credit union policy and risk tolerance. In this role, you will analyze complex borrower situations—including self-employed income, layered risk factors, and non-traditional income sources—applying sound judgment to minimize risk while meeting member needs. You will also underwrite home equity loans, including HELOCs and closed-end second mortgages, ensuring loan quality and adherence to policy standards. Documentation & Compliance You will review and validate documentation such as tax returns, pay statements, W-2s, appraisals, title reports, and AUS findings to determine loan eligibility and protect the credit union’s interests. As the subject matter expert, you will remain current on agency and investor guideline updates and proactively adjust underwriting practices to maintain compliance. You will also support quality control and post-closing reviews to ensure secondary market salability. Collaboration & Member Experience You will work closely with loan officers, processors, closers, and management to resolve conditions, clarify requirements, and ensure efficient loan delivery. By providing clear communication on approvals, denials, or counteroffers, you will support a seamless, member-focused lending experience and act as a trusted partner to sales and operations teams. Leadership & Team Support You will serve as a resource for junior underwriters and processors, providing second-level reviews, training, and guidance on complex underwriting scenarios. Through mentorship and knowledge sharing, you will help build team capability, promote consistency, and reinforce a culture of compliance, accountability, and service excellence. What You’ll Bring to the Table: Bachelor’s degree in business, finance, accounting, or related field required; Master’s degree or MBA preferred. Active FHA Direct Endorsement (DE) and VA Staff Appraisal Reviewer (SAR) certifications required. Minimum of 5–7 years of residential mortgage underwriting experience, including secondary market and portfolio underwriting, with strong expertise in income analysis, collateral review, and secondary market salability. Experience underwriting home equity loans and second liens strongly preferred. Proficiency with Fannie Mae and Freddie Mac guidelines, TPO investor overlays, and automated underwriting systems (DU/LP). Skilled in income calculation, including self-employment analysis, and manual underwriting for complex scenarios. Familiarity with loan origination systems such as Encompass, combined with strong technical skills in documentation review and loan file analysis. Excellent analytical, organizational, and communication skills, with proven ability to balance accuracy, compliance, and efficiency. Demonstrated ability to work independently in a high-volume, deadline-driven environment. Experience working within a credit union, community bank, or other member-focused financial institution preferred. Prior involvement in mentoring or training junior underwriting staff. Knowledge of portfolio loan products and flexibility in underwriting outside standard agency guidelines. Why You’ll Love Working at Securityplus: Mission-Driven Organization: You’ll be part of a credit union that’s all about helping our members and communities thrive. Competitive Salary & Benefits Package: We offer a competitive salary and comprehensive retirement benefits, including a 401(k) with company contributions, health, dental, and vision coverage, along with the opportunity to earn an annual performance bonus and monthly incentives. Opportunities for Career Growth: We value internal development and offer opportunities for career progression into new roles and other departments. Work-Life Balance: We believe in work/life balance. No burnout allowed here! Culture of Fun and Collaboration: No egos, no endless meetings—just a team of passionate people who genuinely love working together to make a positive difference. Reasonable Accommodations Statement The policy regarding requests for reasonable accommodation applies to all aspects of employment, including the application process. If reasonable accommodation is needed, please contact Securityplus Federal Credit Union's Human Resources Department at 410.281.6200. Physical Demands and Work Environment This position involves typical office work such as the use of the PC, reviewing manuals and related office papers, the use of the telephone, fax, and photocopy machines. While performing the duties of this job, the employee is required to sit, occasionally stand, walk, reach, talk, and hear. The employee may occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. The noise level in the work environment is usually low to moderate. Equal Employment Opportunity Securityplus Federal Credit Union provides equal employment opportunities to all applicants and employees and strictly prohibits any type of harassment or discrimination in regard to race, religion, age, color, sex, disability status, national origin, genetics, sexual orientation, protected veteran status, gender expression, gender identity, or any other characteristic protected under federal, state, and/or local laws. At-Will Statement Your employment with Securityplus Federal Credit Union is on an at-will basis, meaning either you or the Company can terminate the employment relationship at any time, for any or no reason, and with or without cause or notice. As an at-will employee, your employment with Securityplus Federal Credit Union is not guaranteed for any length of time.

Responsibilities

The Senior Residential Underwriter will evaluate and underwrite a variety of mortgage products while ensuring compliance with guidelines. This role involves making loan decisions on complex applications and balancing risk management with member needs.