BCU Mortgage Loan Underwriter
Vernon Hills, IL
Req ID 51358BR
Business Title
BCU Mortgage Loan Underwriter
Business
Baxter Credit Union
Sub-Business
Credit Union Support
Country
US
State/Province
Illinois
Location of Position
Vernon Hills, IL
Shift_
1st
Job Description
To evaluate mortgage loan applications following industry, business and BCU standards through automated systems and traditional underwriting.
1. Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss.
2. Recommend approval, modification and/or denial of loans originated in the U.S. and Puerto Rico for potential sale to FNMA, other investors or for retention in the BCU Portfolio.
3. Complete understanding and adherence to mortgage loan policies, investor requirements, compliance standards and lending procedures; allowing BCU to sell loans directly into secondary markets, consider participations with other institutions and portfolio lending.
4. Make recommendations to BCU's Real Estate Loan Policy and update underwriting and quality control procedures to maintain compliance with industry guidelines and standards in a timely manner.
5. Assist in training processors, loan officers, and other front line origination sources to maintain compliance with changes in guidelines, quality control standards, and policy/procedures.
6. Actively participate in our pre-close and post-close quality control process and vendor relationship.
Job Requirements
• Undergraduate degree preferred
• 3+ years mortgage lending and underwriting experience
• Experience with automated scoring systems such as Desktop Underwriter
• Excellent credit analysis skills and knowledge of loan products and policy
• Ability to work effectively and communicate with management, members, internal/external contacts and vendors
• Thorough knowledge of FNMA and BCU underwriting and quality control standards required
• Ability to perform in a multi-tasked environment while effectively prioritizing workload and maintaining high level of service
• Ability to adapt to change within working responsibilities, be it internal, market, or regulatory driven
Doing Work that Matters
Baxter provides its employees with comprehensive compensation and benefits. To view additional opportunities at Baxter and to learn more about the company, please visit our Web site at company website. EOE M/F/D/V.
