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||Tropical Financial Credit Union
||Miramar, FL United States
Sr. Mortgage Underwriter|
Job Title: Sr. Mortgage Underwriter
Department: Mortgage Lending
Reports to: Mortgage Operations Manager
FLSA Status: Exempt
Summary: This is a lead position within the Mortgage Lending unit. Individuals in this position are responsible for assisting Tropical Financial Credit Union in the achievement of its purpose of guiding members successfully through the financial marketplace. This position is responsible for reviewing, analyzing and making decisions on standard and complex real estate loans. This includes the review of the credit file (credit reports, income, tax returns, financial statements etc), the review of appraisal reports, real estate titling and inspection reports. Decisions must be made within credit union policy, regulatory requirements, and secondary market or government loan guidelines. In the absence of the Operations Manager, the Senior Underwriter is in charge of the operation and coordinates workflow and provides training and guidance to other department employees.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
-Provides service that meets the Service Standards defined by Tropical Financial Credit Union.
-Works independently and manages pipeline to ensure Meets or exceeds annual goals as establish through the Performance Management Process.
-Serves as a coach and mentor to the processing staff regarding file quality and investor standards
-Analyzes standard and complex real estate loan applications and makes underwriting decisions on loans up to authorized lending limits as noted in the Policy. Uses analytical ability and judgment to determine the acceptability of the information and documentation
-Reviews appraisals, title searches and insurance coverage to ensure compliance with Tropical Financial, agency and investor requirements.
-Communicates with members and outside companies, as needed.
-Makes recommendations for cross-sell opportunities for additional loans and products to members.
-Provides support to mortgage origination staff in originating real estate loans.
-Stays abreast of secondary market and regulatory changes and makes recommendations regarding file quality standards, as may be required.
-Makes recommendations regarding workflow processes as may be needed to comply with changes.
-Takes appropriate actions when problems are encountered after performing the required analysis, evaluation and interpretation. Resolves member problems and issues with underwriting.
-Keeps abreast of department goals and tracks how personal efforts contribute to its successes.
-Must underwrite a minimum number of files per month to meet departmental and corporate objectives. This number will change as volume demands and market changes take place.
-Develops and facilitates training curriculum for origination, processing and closing staff as it relates to secondary market and insurer (PMI, FHA, VA) requirements.
-Provides one on one coaching opportunities regarding regulatory and secondary market requirements.
-Assists with the processing, closing and post closing for first mortgage files within TFCU, investor and insurer (PMI, FHA, VA) standards.
-Handles employee loans whereby standard processing channels are not used.
-Provides support to the department manager by coordinating workflow and guiding department employees.
-Assists department manager in the development of new loan products & services
-Assists in the preparation of the HMDA report and provides responses to inquiries, as needed.
-Assists in the resolution of inquires regarding processing, closing and mortgage servicing.
-Assists with other duties and assignments as necessary.
Qualifications & Requirements
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
-High school diploma or GED
-5-7 years underwriting to FNMA/FHLMC or FHA or VA standards.
-Must have extensive knowledge of FNMA and FHLMC standards and guidelines
-Must have thorough knowledge of credit scoring and risk based lending concepts
-Must have knowledge of title insurance, settlement and appraisal review
-Must be highly analytical
-Must be highly organized
-Must have decision making ability to approve loans
-Must be able to effectively maintain a mortgage pipeline and meet turnaround time standards
-Must be able to adjust to sudden changes in production numbers as dictated by the market
-Must be able to adapt to market, regulatory, agency and investor requirement changes
-Must have a proactive approach to workload
-Must possess excellent written and verbal communications skills
-Ability to handle multiple tasks and priorities
• Must possess initiative and flexibility
• Must have excellent member service skills
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand, walk, sit and use hands to handle or touch. The employee is occasionally required to reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to focus. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Tropical Financial Credit Union|
We are banking on South Florida and guiding the consumers, businesses, and communities in which we work and live to help them save more money and feel good about banking. We continue to build upon over 80 years of financial expertise as we help make South Florida a better place for your friends and family. Working together, we operate a fun and family-oriented work environment where every team member has the opportunity to learn and grow in their career and move up within the organization.