Mortgage Underwriter/Credit Analyst I

Are you passionate about making a positive impact in the community you live in? Do you want to be on the forefront of paving the way to financial freedom for the members we serve? At GECU, our Core Values drive our Culture: Advocate, Integrity, Accountable, Dedicated and Passionate. Come grow your career with an award- winning team!

This position is part of a job family - 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 the credit union’s mortgage loan origination system and makes recommendations to enhance our lending criteria and underwriting processes.
• Performs duties with a minimum of 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 heavy workload 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 Act (AML) addressing Money Laundering and the Countering the Financing of Terrorism (CFT), 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.

Level II