Sr. Residential Lending Underwriter at Stanford Federal Credit Union

Palo Alto, California, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Jan, 26

Salary

0.0

Posted On

04 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Residential Lending, Underwriting, Credit Analysis, Risk Assessment, Compliance Laws, Financial Calculations, Tax Return Analysis, Loan Scenario Interpretation, Team Collaboration, Mentoring, Pipeline Management, Documentation Verification, FNMA Guidelines, FHLB Guidelines, AUS Findings, CFPB Guidelines, Fair Lending Rules

Industry

Description

Senior Residential Lending Underwriter Opportunity at Stanford Federal Credit Union! We’re on a mission to improve financial lives! If you’re a high-energy, compassionate, and collaborative individual with a desire to make a difference, we encourage you to consider joining our SFCU team! Members really do come first at Stanford FCU because we’re non-profit and owned by our members. Our members work for Stanford University or some of the most innovative companies in Silicon Valley—and we provide them with the most generous financial benefits in our industry. Stanford FCU is a $4 billion company with a global reach of over 88,000 members in 90 countries and growing! Come grow with us and see what it’s like to work for a Bay Area Top Workplace. As our CEO says, “we work hard, and we play hard”, and we need your help to improve even more financial lives! The Senior Residential Lending Underwriter is responsible for review, verification and thorough analysis of residential lending 1st and 2nd lien credit package to determine creditworthiness of applicant and perform an accurate assessment of risk. Ensuring accuracy of information and compliance with federal, state, regulatory and agency/investor underwriting guidelines and standards. Who YOU are: * Able to effectively analyze and review income, credit, asset, collateral, title and additional credit package documentation to include performing advanced financial calculations needed to render a full credit decision. * Comprehend and familiar with FNMA, FHLB, Agency and other Investor general underwriting guidelines to include interpretation of AUS findings. * Possess advanced working knowledge and familiarity of compliance laws and regulations to include but not limited to CFPB guidelines, Reg Z, Reg B, TRID, OFAC, and Fair Lending rules, regulations and requirements is essential for this position. * Have five years to eight years of similar or related experience and education including certifications, licensing or specialized training. What YOU’LL do: * Work closely with other team members daily to include reviewing and interpreting loan scenario requests, analysis of tax returns to properly calculate and verify income, and determine overall assessment of creditworthiness of applicants * Review difficult and complex tax returns and derive loan scenario. Mentor to Underwriters and Processors * Monitor daily pipeline report to efficiently review loans in a timely manner in order to ensure member service level expectations and transaction deadlines are being met * Review and verify documentation via a thorough analysis of the mortgage credit package in order to ensure accuracy of information and adherence to compliance requirements. Some of our benefits for YOU: * 100% paid employee medical, dental, vision, life/AD&D and short-term disability insurance for the employee; 50% paid for dependents * Employer 401(k) matching up to 5% plus additional annual discretionary contributions * Education reimbursement up to $5,200/year * Employee recognition program with cash incentives * Commuter Toll reimbursement $100-$200/month (based on position) * Wellness Benefits up to $1,200 per year * Paid Sick Time accrues at two weeks per year * Paid Vacation Time accrues at three weeks per year * Paid Federal banking holidays (approximately 11 per year) * Ongoing training and education, seminars, and conferences * Loan rate discounts on some products (vehicle, mortgage and HELOC loans) * Waived fees and deposit bonuses on Stanford FCU accounts * Flex health/transit plan availability * Employee Assistance Program with free benefits like counseling, help finding legal assistance and day care resources If you are ready for this awesome opportunity (or know somebody who is) please contact us today! Stanford Federal Credit Union provides competitive pay ranges based on factors such as (but not limited to) the scope and responsibilities, qualifications needed for the position and external market pay for comparable positions. Please Note: SFCU does not provide work visa sponsorship or accept visa transfers for any positions. Stanford Federal Credit Union is an equal opportunity employer as to all protected groups, including protected veterans and individuals with disabilities.

Responsibilities

The Senior Residential Lending Underwriter is responsible for reviewing, verifying, and analyzing residential lending credit packages to assess the creditworthiness of applicants. This role ensures compliance with various underwriting guidelines and standards while mentoring other underwriters and processors.