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Title

Sr. Mortgage Underwriter 

Description

Job Description

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. 

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 underwriting 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 condominium project docs to ensure compliance with Tropical Financial, agency, and investor requirements.
  • Stays abreast of the 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 the 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.
  • Assists the 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.
 
Position 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 a 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 the ability to focus. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 
Full-Time/Part-Time Full-Time  
Exempt/Non-Exempt Exempt  
Location Miramar, FL  
About the Organization Tropical is a not-for-profit, member-owned and member operated financial cooperative, serving South Florida since 1935. We operate a fun, and family-oriented work environment where every employee has the opportunity to learn and grow in their career and move up within the organization. It's an organization that values your contributions and rewards you for your performance. TFCU has proven to be an organization that is dedicated not only to TFCU's success, but the success of its employees and the financial success of our members.  
EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.  

This position is currently not accepting applications.

To search for an open position, please go to http://TropicalFinancialCreditUnion.appone.com



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