Real Estate Underwriter II

Job Locations US-NY-Poughkeepsie
ID
2021-2710
Category
Banking
Type
FTR - Full Time Regular
Work Schedule
40 Flex

Overview

Hudson Valley Credit Union is currently recruiting for the position of Real Estate Underwriter II. Primary Function: the Underwriter II reviews and underwrites conventional and government real estate mortgage loans in accordance with HVCU, FNMA, FHLMC, FHA, VA, USDA and secondary market investor guidelines, ensuring compliance with established Credit Union policies, department procedures, lending regulations, state and federal laws. This position will disposition loans within Credit Union issued loan approval authority limits, and clear conditions to expedite loan closings.

Responsibilities

  • Analyze credit, income, assets and collateral for residential mortgage loans in accordance with Credit Union policies and secondary market and government loan program underwriting guidelines to ensure the creditworthiness of the members, and acceptability of the collateral. Disposition loans within Credit Union issued loan approval authority limits and recommend loan approval disposition for loan amounts in excess of authority limitations to the appropriate level of management. Document loan exceptions in accordance with policies, procedures and secondary market guidelines.
  • Ensure that loans are underwritten in accordance with real estate mortgage lending regulatory compliance requirements.
  • Notify Closing Attorneys once mortgage loan receives final underwriting approval and is clear to close.
  • Responsible for data integrity in all underwriting documents issued and verifies the accuracy of all calculations in the Real Estate Lending System.
  • Perform follow-up, compiles and authenticates the required documents needed to support all residential mortgage loans. Validate all conditions and requirements for loans approved by secondary market automated decision tool.
  • Handle member interactions and internal customers over the phone, in writing or in person in a timely, professional manner.
  • Maintain satisfactory level of technical knowledge and professional skill to keep up with current developments and changes in secondary market and government program underwriting guidelines, automated underwriting systems and state and federal mortgage lending regulations.
  • Adhere to all Credit Union policies, procedures, and regulatory agency requirements. Participate in all required and recommended training and development including, but not limited to, Bank Secrecy Act training (BSA) and demonstrate attained knowledge. Participate on Credit Union teams, projects and strategic initiatives when the opportunity arises. Perform additional duties and special projects as assigned.
  • Embrace and apply HVCU’s guiding principles to all activities and responsibilities. This includes the Credit Union’s Mission, Vision, Core Values, Employee and Member Value Propositions, Sales and Service Model, and commitment to Lean Six Sigma practices. Support the Credit Union’s initiatives by demonstrating teamwork and professionalism.
  • Responsible for regular and predictable attendance including punctuality.

Qualifications

  • Associate’s Degree or at least 2 years equivalent experience for each undergraduate year not completed; undergraduate degree cannot substitute for minimum number of years of experience required
  • Registration with the National Mortgage Licensing System and Registry (NMLS) required
  • FHA DE Underwriter required
  • Minimum 2 Years residential secondary market mortgage/FHA forward underwriting experience required
  • Minimum 2 Years automated residential mortgage processing system experience required
  • Minimum 2 Years conventional and government programs experience required

 

If you are interested in a rewarding career in financial services, HVCU is looking to hire motivated, high-performers to work for a socially-conscious company with an award-winning benefits package.  Consistently named one of the Best Companies to work for in New York, Hudson Valley Credit Union is a community chartered financial institution serving members in 12 counties along the Hudson River from the Lower Hudson River Valley north to the Capital Region.

We offer care for our employee family and are deeply rooted within our local communities.  With our co-workers’ support, valued benefits, continuous training, professional development and growth, we are motivated, high performers who excel and grow here every day. We are passionate about improving our member’s financial well-being and thrive on delivering exceptional member service.  Come join us in our mission to create successful futures for members, employees, and communities, one relationship at a time. 

As an employee, you will be eligible for

  • Medical, Dental, and Vision coverage
  • 401(k) with employer match and non-elective employer contribution
  • Paid time off (PTO) and paid holidays
  • Flexible Spending Account (medical & dependent care)
  • Life Insurance
  • Short-Term and Long-Term Disability Insurance
  • Employee Assistance Program
  • Wellness Activity Reimbursements
  • Educational Assistance Program
  • Professional Development Programs
  • Discounted Loan Rates & Fees

Hudson Valley Credit Union is proud to be a CEO Gold Standard Designation award winning tobacco-free workplace.

 

All candidates are subject to a pre-employment background check including bondability, credit report and past employment references. All checks must be favorable for an applicant to be considered for employment. 

 

Hudson Valley Credit Union is an AA/EEO employer committed to equal opportunity and employee diversity. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, sexual orientation, gender identity, the status of being transgender, national origin, disability, military or veteran status, genetic information, marital or familial status, domestic violence victim status, or any other characteristic protected by law.

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