Underwriter Real Estate Kensington/Wheaton, MD Signal Financial Federal Credit Union is committed to building a new way of banking for our members. Our vision is to be innovative, create a unique experience and grow our organization to provide more opportunities, not just for our employees but for our members as well. Our new flagship City Center branch is a testament to the direction we are heading with innovation and truly changing how people bank. We will do this with personalized service, unique service experience, low rates, relationship banking rewards, distinctive financial products, friendly service, free financial education, and community involvement, Signal offers members a financial partnership for all the stages of their lives. Because were a not-for-profit credit union, members financial well-being is our primary goal, with profits returned to members in the form of improved rates and services. We will continue to be progressive, innovative and service orientated as we reach our short-term goal of being a Credit Union with over $1 Billion dollars in assets. Signal now has over 22,000 members around the US, most of them in the Washington, DC region and we are continuing to expand. The Real Estate Lending Loan Underwriter is responsible for the review, analysis and underwriting of all 1st trust mortgage loans and home equity loans submitted for decision in order to assess the risk, confirm compliance with guidelines and render a credit decision. The Loan Underwriter also ensures administrative and operational compliance with regulatory requirements and Signal Financial Federal Credit Union policies and procedures. Position Responsibilities Perform an in-depth underwriting and analysis of all 1st trust mortgage and home equity loans ensuring the loan complies with Federal, State, County, NCUA, SFFCU, private investor, Freddie Mac/Fannie Mae, and private mortgage insurance guidelines Review and analyze the information on the loan application matching it to the documentation in the loan file. Review all debts listed on the credit report, calculate income from pay stubs and/or tax returns, and verify there are sufficient assets available to meet the costs of the transaction, plus any reserve requirements. Calculate housing, debt-to-income, and loan-to-value ratios independent of the information found in the mortgage system to verify that the data in the mortgage system and the DU/LP results are correct. Perform an in depth examination of the appraisal report to determine the acceptability of the collateral, that value is supported by the report data and that it meets investor, SFFCU, Fannie Mae/Freddie Mac and USPAP guidelines. Issue the Mortgage Loan Commitment, update and validate the AUS findings, finalize the Transmittal Summary (1008) and the Loan Application (URLA/1003). Review any changes in loan terms, income, assets, etc. made to the loan throughout the process, evaluate whether the changes will affect the original credit decision, and make necessary adjustments as required. Perform a credit-only underwriting review on all loans that receive a Caution recommendation from Loan Prospector/Desktop Underwriter and make determination to either proceed with the application or to deny the loan request. Interact closely with management, loan officers, loan processors and loan closers to achieve division goals in turn time, pull through, and customer satisfaction. Assist in the audit and response to Quality Assurance findings. Provide leadership through personal actions and day-to-day practices that support SFFCUs core values. Enhance, maintain and update Signal Financial FCU documented policies, procedures, and guidelines as needed Assist with establishing relationships with secondary market investors Position Requirements A minimum of three to five years of 1st mortgage underwriting experience and five to eight years mortgage industry experience. High School diploma or equivalent required. College degree preferred. Must demonstrate an in-depth knowledge of Fannie Mae/Freddie Mac and FHA guidelines as well as credit union lending policies, procedures, and regulations Must possess a thorough understanding of the requirements and features of the mortgage loan programs offered by SFFCU, other private investors, and the secondary mortgage market Must demonstrate the ability to conduct a thorough review of a loan file, analyze an applicants financial position, and evaluate the risk based on the loan profile as it relates to the terms requested Excellent oral and written communication skills required Strong loan math calculation skills including the use of automated spreadsheet development and basic analytics required Analytical decision-making ability with attention to detail Ability to learn and work in a fast-paced work environment Ability to multitask and prioritize work as required PC proficient to include: Word, Excel, Outlook, internet and e-mail Familiarity with mortgage loan origination systems and processing software The list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities that management may deem as necessary. 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