[Hiring] Mortgage Underwriter I @Quorum Federal Credit Union

Role Description

As a Mortgage Underwriter I, you will be responsible for independent analysis of moderately complex residential mortgage applications and making sound credit decisions in accordance with investor, agency, and company guidelines. This position supports high application volumes and must consistently achieve production levels, turn times, and accuracy expectations. Additionally, this role demonstrates adaptability, embraces new technologies, and contributes to the continual improvement of the underwriting process.

What You’ll Be Doing

• Complexity: Analyze and independently underwrite moderately complex mortgage products and scenarios, within level of authority.
• Compliance: Underwrite all mortgage loan files in compliance with secondary market guidelines, specific product guidelines, credit union policies and procedures, and banking/Credit Union regulatory requirements.
• Risk Assessment: Exercise sound, common-sense judgment when evaluating overall loan risk and determining loan eligibility ensuring decisions align with company risk tolerance and lending policies.
• Production and Turn Times: Achieve required daily production levels and established turn times.
• Accuracy: Review and validate standard documentation such as income, asset, credit, and collateral, maintaining exceptional accuracy and consistency in all underwriting functions.
• Technology Utilization: Utilize provided automation solutions to ensure efficiency and operational controls.
• Loan Stages: Perform underwriting functions in all stages of the application.
• Pipeline Management: Manage daily pipelines efficiently by prioritizing tasks and communicating proactively with processors and loan officers.
• Escalation: Identify and escalate higher-risk or exception files to senior underwriting staff as appropriate.
• Continuous Learning: Stay current with underwriting guidelines and technology and attend training sessions to build product and regulatory knowledge.
• Collaboration: Exhibit a positive and collaborative team attitude, assisting peers and contributing to a supportive work environment.
• Other Duties: Perform additional duties as required.

Qualifications

• Bachelor’s degree in finance, business administration or other related degree preferred.
• Minimum of two to six years of related experience at a credit union, bank or other financial institution.
• Excellent problem-solving, organizational, analytical, verbal and written communication skills.
• Strong decision making and time management skills with the ability to manage multiple projects/duties.
• Results driven, service oriented, self-motivated and able to work independently.
• Detailed knowledge of secondary market guidelines. Some knowledge of regulatory guidelines and issues.
• Complies with all requirements for Mortgage Loan Originators set forth in the SAFE Act.
• Trustworthy with the ability to maintain highest level of integrity and trust.
• Proficiency in Microsoft Office, specifically Word, Excel and PowerPoint. Related experience with Encompass loan origination systems.

Tools & Work Environment

• Ability to communicate with clarity, while understanding and explaining complex situations.
• Stable internet connection with speeds high enough for video conferencing and screen sharing.
• Smartphone with current iOS/Android OS.
• Prolonged periods sitting at a workstation and working on a computer.
• Ability to communicate with coworkers and customers via email, chat, teleconference, and/or phone.

Where You Can Work

• Candidates must reside within the United States. We are not able to consider applicants who reside in Montana, Nebraska, Rhode Island, or Puerto Rico.
• Quorum's opportunities are based in the U.S., and U.S. work authorization is required.

Compensation & Rewards

• Compensation for this role is $31.25 - $36.06 per hour with the potential for discretionary incentive compensation based on both company and individual performance.

Benefits That Support You

• Excellent health insurance packages with a Health Reimbursement Account option.
• Life, AD&D, Short-Term Disability and Travel Insurance.
• 401k plan with company match dollar for dollar up to 6 percent.
• Generous time-off policy with paid time off (PTO), volunteer time off (VTO), birthday PTO, and company-observed holidays.
• Monthly stipend for wellness activities and mental health.
• Tuition reimbursement.
• Pet Benefits, including insurance, discounts, “pawternity” PTO day, and more.
• Bonus/commission plan for qualifying roles.
• Employee perks (including mortgage discounts!).
• PTO purchase and sell-back programs.
• Rewards and peer recognition programs.
• Trust-based, outcome-oriented remote work environment for most roles.