[Hiring] Temporary Mortgage Underwriter- Correspondent Loans @Quorum Federal Credit Union

Role Description

The Correspondent Mortgage Underwriter is responsible for review and underwriting all first and second mortgages within allocated approval authority. This position is 100% remote within the US.

• Review and underwrite closed loan packages submitted by approved correspondent lenders for compliance with FNMA and internal guidelines.
• Validate income, assets, credit and collateral documentation to determine loan eligibility.
• Evaluate full closed loan packages for completeness and consistency, including final 1003, title policy, CD, and collateral documents.
• Review title and appraisal reports for acceptability and compliance with agency standards.
• Identify documentation discrepancies and request appropriate cures from sellers.
• Sign off loan conditions and prepare loan for purchase or suspense notification.
• Communicate clearly, timely and professionally with correspondent sellers regarding loan decisions, suspense conditions, and documentation needs.
• Collaborate with secondary market, closing, and post-purchase teams to ensure smooth loan flow and timely purchase.
• Provide guidance to correspondents on investor guidelines and underwriting best practices when appropriate.
• Maintain up-to-date knowledge of agency and investor guidelines, credit policy updates, and regulatory changes.
• Assist in identifying patterns in loan defects or seller errors and recommend training or process improvements.
• Uphold compliance with fair lending, privacy, and anti-fraud regulations.
• Supports and fulfills Management requests related to audit preparation, sale preparation, HMDA reporting and more.
• Actively works with management and staff seeking process improvements to automate and/or streamline operations and maintain adequate controls.
• Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners and vendors.
• Keeps abreast of industry developments including but not limited to changes in regulations and technology.
• Ensures adherence to company policies and procedures and Banking/Credit Union Regulations.
• Performs additional duties as required.

Qualifications

• Bachelor’s degree in finance, business administration or other related degree preferred.
• Minimum of four years of related experience at a credit union, bank or other financial institution.
• Must have hands-on experience with Encompass within the last 12 months, demonstrating proficiency in mortgage loan origination systems and underwriting processes.
• 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.
• Comply with all requirements for Mortgage Loan Originators set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS.
• Trustworthy with the ability to maintain the highest level of integrity and trust.
• Proficiency in Microsoft Office, specifically Word, Excel and PowerPoint. Related experience with loan origination systems.

Requirements

• 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.

Benefits

• 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, out-come oriented remote work environment for most roles.