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Remote Senior Mortgage Underwriter

Company: Pentagon Federal Credit Union (PenFed)
Location: Augusta
Posted on: June 12, 2021

Job Description:

Job Description OverviewAre you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members do better. Joining PenFed is more than being an employee; its about being a part of the PenFed family.PenFed is hiring a Remote Senior Mortgage Underwriter at the following locations: Phoenix, Arizona, Jacksonville, Florida, and San Antonio, Texas location. The primary purpose of this job is to underwrite conventional, correspondent, and VA loans in accordance with investor guidelines including the secondary market.*This position is remote, and can be located anywhere in the United States* ResponsibilitiesReasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. Review complex tax returns and income calulations to insure compliance with guidelines.Review loans and mentor new hires prior to recommending them for underwriting authority.Review and complete a thorough analysis of the loan file to determine member credit worthiness and collateral value. Request required legal and file documentation. Evaluate the geographic area, the type, ownership and occupancy of the residence and assures that proper adjustments to loan terms, rate or amount, if any, are made before accepting collateral.Underwrite to current Appendix Q/FNMA/PenFed guidelines. Assist with maintaining PenFeds compliance with all applicable federal, state and local laws, regulations and ordinances by abiding by PenFed compliance program and all policies, procedures, rules and regulations.Evaluate the entire credit package and collateral for residential mortgage loans and ultimately ensures an investment quality loan product and creditworthiness of the borrowers and acceptability of the collateral.Determine that valid liens in the proper recording position can be obtained by analyzing title examination and public record reports. Ensure that corrective action is taken when factors that weaken PenFeds collateral position are identified.Maintain a working knowledge of secondary market underwriting guidelines and private investor and private mortgage insurance guidelines. Follow up with processors when documentation is not accurate due to processor errors and/or actions. Provide feedback to managers on processors performance.Respond to post closing review and audits in a timely fashion.Actively look for exceptions within delegated authority, present findings and recommendations to management.Respond to audits and performs quality control review on mortgage files.*This role is responsible for ensuring business continuity.* QualificationsEquivalent combination of education and experience is considered.Bachelors Degree in a related field or combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the essential functions.Minimum of five (5) years of experience in lending is required.Lending experience in a Real Estate field is preferred.Licenses and CertificationsVA LAPP/SARDE (preferred, not required)Work EnvironmentWhile performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*TravelAbility to travel to various worksites and be on-call is required.Special Message Regarding COVID 19PenFed is continuing to hire and train exceptional individuals to help us serve our 2 million members both here and around the world. In light of the current situation with novel coronavirus (COVID-19), we have modified our hiring, onboarding, training, and deployment protocols in order to comply with current local and state guidance around social distancing. About UsEstablished in 1935, PenFed today is one of the countrys strongest and most stable financial institutions with over 2 million members and over $26 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.Equal Employment OpportunityPenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.by Jobble Associated topics: banking product, commercial loan, loan, loan review, mortgage, mortgage officer, mortgage originator, personal banker iii, personal banker iv, sale

Keywords: Pentagon Federal Credit Union (PenFed), Augusta , Remote Senior Mortgage Underwriter, Other , Augusta, Georgia

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