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Mortgage Underwriter/Credit Analyst I


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Location: El Paso TX

Company Name: GECU

Occupational Category: 13-1111.00,Management Analysts

Date Posted: 2020-02-12

Valid Through: 2020-03-13

Employment Type: FULL_TIME

Description:

There are two levels to the position.

Level I

BASIC RESPONSIBILITIES:

Responsible for reviewing residential mortgage loan applications, credit data, income, property appraisals, and all other related documentation to evaluate and underwrite mortgage loans in accordance with regulatory requirement, secondary market investor standards, and Credit Union policy and procedure.

TYPICAL DUTIES:

Responsible for but not limited to the underwriting of residential loans ensuring compliance with appropriate company, and secondary market investor standards.

Reviews and evaluates all information provided on the application and credit report to assess the character, capacity and creditworthiness of the applicant.

Reviews and evaluates proof of income and other complex financial documents such as tax returns and financial statements to assess the applicant’s ability to repay the loan.

Reviews and evaluates the accuracy of the appraisal reports and value conclusion, using technical appraisal theory adhering to the Uniform Standards of Professional Appraisal Practice

Examines loan documentation for accuracy and completeness.

Renders and communicates the credit decision to the Mortgage Department staff

Works with Mortgage Department staff to secure all required documents

Refers complex, problem or out-of-guideline loans to the Underwriting or Mortgage Management or Credit Committee with a recommendation.

Meets periodically with MLO’s and mortgage personnel for updates and training.

Assists in monitoring credit union’s mortgage loan origination system and makes recommendations to enhance lending criteria and underwriting processes.

Performs duties with minimum direct supervision.

Attends secondary investor or government related training to adhere with any changes to underwriting guidelines, regulatory, or appraisal requirements.

Maintains a high level of professionalism at all times

Flexibility to work extended hours during high volume periods

Maintain and understand compliance to ensure that work complies with GECU’s established policies, procedures and applicable regulations, to include Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Member Identification Program (MIP), and Office of Foreign Asset Control (OFAC).

Performs other duties assigned or required in connection with either the general operation of the Mortgage Underwriting Area or the credit union.

CRITICAL KNOWLEDGE, SKILL AND EDUCATIONAL REQUIREMENTS

Knowledge of federal and state lending regulations governing real estate lending

Working knowledge of GSE, government-backed, and in-house mortgage program guidelines and standards (conventional, government-backed, etc.)

Excellent judgment skills to make quick decisions within or outside written policy and procedures.

Extensive knowledge of credit union services, including lending, new accounts and other credit union operations.

Ability to function effectively in a fast-paced, high-volume environment, prioritizes work and assignments, and performs duties with minimum supervision while practicing sound lending judgment.

Basic knowledge of business law and detailed knowledge of consumer credit laws and regulations.

Thorough understanding of the credit union’s loan policies and procedures.

Good knowledge of the market value and methods of appraising all types of collateral.

Ability to analyze all types of income documents and financial statements

Extensive knowledge in Automated Underwriting Systems to include but not limited to Fannie Mae’s Desk Top Underwriter, and/or Freddie Mac’s Loan Prospector.

Working knowledge of the Credit Unions Mortgage Loan Origination System

Good organizational and communication skills, written and oral.

Commitment to teamwork.

Good knowledge of the user computer systems, and software programs to include Microsoft Word, Excel and Power Point programs.

High School diploma or equivalent with five years consumer credit underwriting experience or three years mortgage underwriting experience.

Requires sitting the majority of the day, reaching below shoulder level continuously, lifting up to 10 pounds, twisting and reaching above shoulder level frequently, bending, squatting, and twisting.

PRIMARY RESPONSIBILITY

Providing quality service is the primary responsibility of this person.

Quality service means treating members and coworkers with respect and courtesy at all levels whether in person or by telephone as outlined in the Employee Handbook.

REQUIRED AVAILABILITY: Monday- Friday: 8:00 a.m. - 6:00 p.m.

Saturday: 9:00 a.m. - 1:00 p.m.

ROTATING SCHEDULE TO MEET MEMBERSHIP AND DEPARTMENT NEEDS

DISCLOSURE TO EMPLOYMENT APPLICATION REGARDING PROCUREMENT OF A CONSUMER REPORT AND POSSIBLY A DRIVING RECORD

In connection with your application for employment, GECU may procure a consumer report and driving record on you as part of the process of considering you candidacy as an employee.

In the event that information from the report is utilized in whole or in part in making an adverse decision with regard to your potential employment, before making the adverse decision, we will provide you with a copy of the consumer report and a description in writing of your rights under the law.

Please be advised that GECU may also obtain an investigative report including information as to your character, general reputation, personal characteristics, mode of living and driving record.

This information may be obtained by contacting your previous employers or references supplied by you.

Please be advised that you have the right to request, in writing, within a reasonable time, that we make a complete and accurate disclosure of the nature and scope of the information requested.

Such disclosure will be made to you within 5 days of the date on which we receive the request from you or within 5 days from the time the report was first requested.

By submitting this application, you hereby authorize GECU to obtain a consumer report/driving record about you in order to consider you for employment.

This application is for all twenty six (26) locations:Airway, Artcraft, Campbell, Coronado, Del Valle, Doniphan, Eastlake, EPCC, Helen of Troy, Lee Trevino, Mesa Hills, Montwood, Northeast, Ops Center, Oregon, Pebble Hills, Piedras, Rich Beem, Rojas, Sean Haggerty, Socorro II, Trawood, Viscount, Vista Del Sol, Yarbrough and Ysleta.

Applicants are considered for all positions and are treated without regard to race, color, sex, religion, national origin, citizenship, age, marital or veteran status, genetic information, medical condition, disability or any other protected category.

This application is valid for 12 months.

After that date, unless otherwise notified, please understand that your status as an applicant will end.

You may re-apply for employment in the future by completing a new application.

All correspondence regarding the processing of the application will be sent via e-mail to the address provided on the application.

Please ensure spam filters are set accordingly to prevent e-mails from going to the Junk Mail/Spam folder