Mortgage Underwriting Specialist

2 weeks ago


Alexandria, Virginia, United States STATE DEPARTMENT FEDERAL CREDIT UNION Full time
Position Overview

At State Department Federal Credit Union, our commitment to our members is paramount. We focus on fulfilling their financial requirements by providing a range of services and products at competitive rates while ensuring outstanding experiences and fostering enduring relationships.

Why Work with Us?
We offer a supportive and inclusive workplace that values every team member. Our benefits include:

  • Diverse and inclusive organizational culture
  • Flexible work-from-home arrangements
  • 401k plan with a 3% employer match and additional Safe Harbor Employer Contribution
  • Generous Paid Time Off
  • Tuition Reimbursement programs
  • Commute and Parking Incentive Plans
  • Comprehensive Medical, Dental, and Vision Insurance
  • Gym Membership Reimbursement
  • Team-building and Company Events

Role Responsibilities
The Mortgage Loan Underwriter will be responsible for evaluating loan applications and making informed credit decisions in accordance with mortgage lending standards and protocols.

Key Skills and Qualifications
We are looking for candidates who possess:

  • A minimum of 5 years of experience in underwriting both conforming and nonconforming mortgage loans
  • A college degree is preferred but not mandatory
  • Familiarity with conventional financing guidelines from Freddie Mac and Fannie Mae, as well as knowledge of the Fair Housing Act and Consumer Protection Laws such as FCRA, ECOA, and TRID
  • Strong interpersonal, verbal, and written communication abilities
  • Excellent organizational skills with a keen attention to detail
  • The ability to exercise sound judgment and diplomacy

Technical Proficiency
Proficiency in Microsoft Office, particularly Excel, and familiarity with mortgage loan processing software such as FICS and Freddie Mac Loan Prospector is preferred.

Core Duties
The responsibilities of the Mortgage Loan Underwriter include:

  • Underwriting first mortgages in compliance with State Department Federal Credit Union (SDFCU), National Credit Union Administration (NCUA), and Secondary Marketing regulations
  • Interpreting and applying established guidelines from various secondary marketing investors and government agencies to assess borrower creditworthiness and document integrity
  • Ensuring mortgage loans adhere to federal, state, and local laws and regulations
  • Evaluating income documentation, title work, and appraisals to ascertain loan acceptability and marketability
  • Practicing prudent lending to mitigate financial risks to the Credit Union
  • Assisting in resolving underwriting challenges by suggesting alternative methods and loan programs
  • Verifying application and HMDA data
  • Preparing reports for management or regulatory agencies as necessary

Note: The information provided outlines the general nature and level of work performed by the Mortgage Loan Underwriter. It is not intended to be an exhaustive list of all duties, responsibilities, and qualifications required for this position.



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