Headquartered in Chattanooga, Tennessee, Tennessee Valley Federal Credit Union was founded in 1936 as a non-profit financial cooperative built on the promise of “people helping people". With $2.1 billion in assets, Tennessee Valley Federal Credit Union (TVFCU) is a progressive member-focused financial institution, respected as one of the most financially sound in the industry. With 21 branches and using state-of-the-art technology, TVFCU provides financial services to more than 163,000 members in Southeast Tennessee and Northwest Georgia. As a very high honor, TVFCU was recently named the Best Credit Union in the state of Tennessee by Forbes, and even received the highest score of any financial institution in the nation.
Summary:
TVFCU is seeking an experienced mortgage underwriter to join in our growth! The mortgage underwriter will be responsible for evaluating the eligibility of various types of mortgage applications. The mortgage underwriter's responsibilities include analyzing and verifying loan applications and corresponding documentation, evaluating risks, and making loan eligibility decisions. The ideal candidate is an organized, detail-oriented professional, willing to play a key role on a growing team. A successful mortgage underwriter should be able to exercise sound judgment based on detailed analysis and ensure that all documentation is in compliance with local, state, and federal regulations.
Mortgage Underwriter Responsibilities:
Assures that all mortgage applications are underwritten in compliance with secondary market and/or credit union guidelines, as well as within credit union policies and procedures.
Reviews and evaluates mortgage loans to ensure data integrity of the loan files.
Conduct overall risk assessment of credit, employment history, income, assets and collateral.
Working knowledge of agency automated underwriting systems.
Review underwriting decision, reasoning (logic), and conditions or counteroffer with appropriate parties.
Working knowledge of self-employment income analysis and business structures.
Working knowledge of appraisals and title work and ability to render decisions within secondary market and credit union portfolio guidelines.
Maintain working knowledge of current regulatory or agency changes.
Consistently meet or exceed established internal turn times.
Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management and vendors.
Mortgage Underwriter Requirements:
Degree in business, banking, finance, or a related field preferred.
Minimum of 5-7 years of conventional/secondary market mortgage underwriting experience required.
Strong decision making and time management skills with the ability to manage multiple tasks.
Detailed knowledge of conventional/agency underwriting guidelines.
Good communication skills, both verbal and written.
Goal oriented with a strong commitment to a high ethical standard.
Detail-oriented with strong data analysis skills.
Good working knowledge of mortgage loan processing and relevant legal regulations.
Ability to work in a fast paced, fluid environment, consistently meeting internal turn around times.
Requires successful registration with, and issuance of a unique identification number from, the Nationwide Mortgage Licensing System (NMLS) in compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act).
Proficiency in Microsoft Office, automated underwriting systems and Encompass or similar mortgage loan origination software.
If you are considered for an offer of employment at TVFCU, you must successfully complete a pre-employment screen that includes:
Verification of education, employment and other pertinent data included on your employment application, and eligibility to work in United States.
Criminal background check and drug screening
Pre-employment credit check required
Pre-employment screening helps TVFCU provide a safe environment for our members and employees, minimize risk, and ensure federal compliance.
