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FHA Loan Underwriter

Title: Senior Real Estate Loan Underwriter - FHA

Department: Lending

Reports To: AVP or Director 

Position Summary

Working independently to efficiently guides members through the FHA real estate loan process and determines member's creditworthiness based on credit union guidelines. Gather background information and analyze loan applicants' credit history. Approves or denies FHA Real Estate loans within limits of authority and explains reason for denial.

MUST HAVE A DE Certification.

Reviews files for all necessary forms and information according to FNMA underwriting guidelines. Ensure that each loan application is processed accurately: including loan application, property (title and appraisal) assessment, sales agreements and disclosures. Keeps informed of all the credit union's underwriting practices as well as Federal and State regulations. Assist credit union staff with Real Estate loan inquiries.

 

Bachelors Finance Preferred

Additional Educational Information

Equivalent job experience may be substituted.

Certification & Licensures

Title Required/Preferred State

NMLS STATE LICENSING REQUIRED Maryland

Additional Certification/Licensure Information

Certification as a Direct Endorsement Mortgage Underwriter

Experience

Years of Experience Type of Experience Required/Preferred

Minimum (6) years’ experience Residential Loan Underwriting Required

Minimum three years’ experience FNMA/FHLMC agency underwriting Required

 

Additional Experience Information

Demonstrated mathematical and analytical skills a must.

Proficient in computer applications along with accurate typing and filing skills.

Must be a self-starter with strong organizational skills.

Demonstrated ability to adapt to changing work situations.

Extensive knowledge of fundamentals of mortgage processing required.

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