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Underwriter

Company: Chevron Federal Credit Union
Location: Oakland
Posted on: September 15, 2019

Job Description:

Chevron Federal Credit Union is one of the top-run credit unions in the country- and one of the largest, with over $3 billion in assets. Yet our corporate culture is not stuffy: the Team Spirit Committee runs fun activities and charitable events throughout the year, and work-life balance, mutual respect, diversity, and providing a voice for every employee are all important to us. As you might imagine, we provide competitive pay and great benefits, including:


  • Bonus/incentives for all regular employees
  • 401(k) with 8% company contribution
  • Medical, dental, and vision insurance for employees and dependents paid at 80%
  • PTO and paid sabbaticals
  • Tuition reimbursement

    GENERAL SUMMARY: Underwrites all residential real estate loan products ensuring adherence to the appropriate company or investor guidelines.

    DUTIES and RESPONSIBILITIES:

    • Apply Fannie Mae manual and desktop underwriting guidelines and CFCU internal underwriting guidelines to residential first and second mortgage loans for both purchase money or refinance, conforming or jumbo.
    • Make exception recommendations or counter-offer recommendations on a case-by-case basis to Underwriting Supervisor or above, as needed.
    • Review and analyze all areas of the mortgage loan application to ensure accuracy, completeness and compliance with internal and regulatory guidelines including but not limited to: upfront disclosures, loan-to-value ratios, credit reports, application, appraisals, and title.
    • Other duties as assigned.

      QUALIFICATION REQUIREMENTS:Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

      EDUCATION and EXPERIENCE:

      • A.A. degree plus three to five years of residential mortgage underwriting experience required.
      • Equivalent combination of education and experience may be acceptable.

        SKILLS:

        • Ability to read, analyze, and interpret written materials including loan documentation and governmental regulations.
        • Demonstrated knowledge of conventional and governmental, A and B credit quality loans with a financial institution.
        • Ability to write reports, business correspondence, and procedure manuals in English.
        • Demonstrated understanding of how to calculate income for all types of borrowers, handle complex tax returns and related financial statements, analyze various sources of funds, interpret credit agency and similar reports to establish creditworthiness of the borrowers.
        • Ability to calculate figures and amounts such as loan payments, discounts, interest, commissions, and percentages.
        • Clear understanding of regulatory compliance procedures as well as loan origination, loan processing and closing procedures.
        • Familiarity with FNMA manual and desktop underwriting (DU) guidelines for conforming loans a plus.
        • Exceptional computer skills are required.
        • Knowledge of Desktop Underwriter (DU) and Mortgage Cadence a plus.
        • Ability to utilize on-screen loan origination software.
        • Detail orientation

          PHYSICAL DEMANDS:

          • Work involves extensive use of computers, up to eight hours per day. Appropriate visual and physical skills are required.
          • Must be able to speak on the telephone for several hours per day. Requires close vision, distance vision, and the ability to adjust focus.

            We welcome all qualified applicants and pride ourselves on our diversity. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the position.Requirements


            • Residential mortgage underwriting experience

Keywords: Chevron Federal Credit Union, Oakland , Underwriter, Other , Oakland, California

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