Mortgage Underwriter

Job DetailsJob LocationPierre MSC - Pierre, SDRemote TypeFully RemoteGeneral Purpose: Underwrite FHA, VA, Conventional, & USDA loans in accordance with Secondary Market Standards, and provide guidance to operations team members and mortgage department staff regarding structuring and documenting mortgage transactions.Essential Duties/ResponsibilitiesValidate data submitted to Desktop Underwriter/Originator (DU/DO) or (LP) by the loan officer/processor to reach a decision. Validation tasks include verifying the applicants income was calculated correctly and the assets used for funds to close and reserves are accurate. Perform manual underwriting reviews of loans that receive a refer decision from DU or LP to make a fair and supported risk-based decisionProvide counter-offers for loans that cannot be approved as submitted to underwriting, as appropriate.Resubmit loans to DU/DO or LP when data used for the credit decision is out of investor tolerance requirements.Verify mortgage amounts have been calculated correctly and all documents are complete and accurate.Perform a comprehensive review of the loan file to ensure required documentation for credit, property, compliance, and regulatory disclosures are complete and accurate, meeting secondary market underwriting guidelines and any investor overlays.Review appraisal reports and property related documentation as part of the comprehensive risk assessment.Update loan statuses and conditions in FICS.Input required appraisal data into all appropriate data sources, including the FHA Connection.Other Duties/ResponsibilitiesMentor and coach staff to assist with any training needs.Assist production personnel and operations manager to identify and structure eligible transactions for approval.Perform other duties as may be assigned by the Mortgage Operations Manager.Job KnowledgeWorking knowledge of the credit union's products and services.Working knowledge of organization's policies/procedures and credit union's service philosophy. Working knowledge of safety and security program for false alarms, robberies, bomb threats and extortion.Working knowledge of credit union's in-house computer system.Extensive knowledge of state and federal consumer lending regulations.Job Qualifications (Skills) Black Hills FCU is committed to working with its employees to reasonably accommodate them with the physical aspects of the position. The following list outlines the physical considerations that are normally encountered in this job.Vision: A sighted person to review direct reports' work.Speech/Hearing: Ability to communicate verbally and in writing with staff, members and vendors.Manual Dexterity: Ability to perform necessary computer-related input.Physical Mobility: Limited mobility required. Requires the ability to work flexible hours.Job Qualifications (Ability) Ability to understand and follow complex written and oral instructions.Ability to comprehend complex functions and procedures and to be able to disseminate that knowledge in a clear and understandable format to others.Ability to express oneself, clearly and concisely, both orally and in writing.Ability to prepare and maintain confidential records and reports.Ability to gather, assemble, correlate, and analyze facts and develop solutions.Ability to analyze statistics and financial data.Ability to analyze levels of risk.Job Qualifications (Education/Experience) Job requires a four-year college level of language, math and reasoning skills. Five years experience in mortgage lending. Two years experience with FHA processing. FHA DE designation and familiarity with manufactured housing is preferred. Formal training should be supplemented with continuing education. Working ConditionsMaterial and Equipment Involved ??? Personal Computer / Printers ??? In-House Computer System / Internet??? 10-key Calculator ??? Facsimile Machine??? Various Software PackagesWork Environment/Physical ActivitiesJob requires limited physical effort. It is basically a desk assignment. The job calls for a high degree of mental concentration to interpret and act upon a wide range of situations. The job requires a degree of attention to details. Black Hills Federal Credit Union is an equal opportunity employer. All applicants will receive consideration without regard to age, race, color, sex, sexual orientation, genetic information, religion, national origin, disability, veteran status, or any other status or condition protected by state or federal law. BHFCU will provide reasonable accommodation to qualified persons with a disability but who are otherwise able to perform the essential functions of the job.