At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 500,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.

About the job:

• Underwrite primarily portfolio loans but also have ability to underwrite agency loans and Home Equity Loans.
• Review and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelines, as well as any applicable federal, state-specific and or local regulations, ordinances, etc.
• Analyze requests for pre-approvals, purchase and refinance transactions to ensure investment quality of loans, maintaining accuracy of application and documentation
• Demonstrate effective pipeline management skills, including turn-times with management expectation
• Maintain acceptable turn times for pre-approval, new application, final decision and resubmissions
• Knowledge of multiple investor and PMI/MI guidelines.
• Ability to successfully maintain production goals and quality working in a remote environment
• Ability to review and identify potential solutions/alternatives for complex loan files
• Review real estate loan applications received to identify that transaction type, occupancy, property and ratios meet program guidelines, as well as, all sections of the URLA are complete and accurate
• Calculate and analyze loan-to-value ratios, debt-to-income ratios, employment, sources of income, source(s) of down payment funds and funds needed to close. Determine borrower’s ability to repay is within safe harbor
• Accurately analyze financial documents: Ability to calculate various income sources, including,  hourly, salaried, union, commission, self-employed and fixed income, retirement, personal and business tax returns,
• Review funds to close and reserves by reviewing assets statements (401K, checking, savings,) 
• Responsible for reviewing appraisal reports to ensure that the appraisal meet secondary market, investor, and Credit Union guidelines, including drive-by appraisal, AVM for property classification, validity of comparable sales, etc. 
• Reviews and analyzes property appraisals in detail to ensure acceptable collateral, identify and resolve any discrepancies discovered within.
• Review preliminary title reports.
• Review credit reports and calculate liabilities, while evaluating credit risk
• Evaluate borrower’s credit profile and assess risk in accordance with current and historical delinquency 
• Review title work to ensure transaction information are accurate, as well as, assessing liens to be paid off and that clear title is passed
• Present loan requests in excess of lending authority to senior management and loan committees, if applicable.
• Analyze condominium and co-op documentation to assess stability of projects 
• Identify red flags and request supporting documentation to identify potential fraud or misrepresentation. Utilize system and tools evaluate potential risks
• Work with Loan Processors and Loan Officers on collecting information and documentation necessary to finalize incomplete loan packages.
• Determine the  documentation or information to render a loan decision; request additional documentation or information accordingly, documenting these conditions in the loan origination system and commitment letters Review options and recommendations with MLS  regarding suitable loan programs or counter-offers
• Stay abreast of current regulations and industry trends that affect compliance, decision-making and secondary market guidelines
• Verify that system input is accurate and that company systems match Automated Underwriting System (AUS).
• Use expertise to mentor and answer questions to resolve escalated issues from junior-level teammates.
• Prepare applications to be submitted to private mortgage insurance providers
• Generate and review related disclosures, notices and commitment letters
• Evaluate applications for exception review, counter offers and denial
• Use resources to trouble shoot and/or investigate issues
• Effectively communicate with sales, operation and quality assurance colleagues and borrowers, as required 
• Respond to audit finding
• Generate and submit required reporting
• Participate in system testing
• Perform other duties as assigned within mortgage and home equity.

What you’ll be responsible for:

• Bachelor’s degree with 7 years’ experience or Associate’s degree, plus 10 years of responsible   experience or 7 years performing real estate loan servicing functions in a medium to large sized organization.
• Ability to work in a fast-paced environment while interacting with loan officers, loan processors and management.
• Ability to demonstrate knowledge of real estate lending practices including federal and state regulations as well as related real estate loan documentation. 
• Strong PC skills, with intermediate knowledge of Microsoft Word, Excel and PowerPoint.
• Strong knowledge of institutional guidelines and the ability to analyze data and make appropriate on the spot decisions.
• Full understanding for compliance with, including but not limited to:  Appendix Q, RESPA, MDIA, TRID, TILA, ECOA, HMDA, FCRA, and Fair Lending regulation title insurance, title reports, notes, mortgages, and related documentation.
• Thorough knowledge of Fannie Mae, and secondary market guidelines.   
• Excellent problem solving skills.  
• Strong written and verbal communication skills.
• Ability to effectively prioritize tasks and meet deadlines.
• Must be flexible and adaptable in a changing environment.
• Ability to work overtime when required.
• Self-motivated, ability to communicate within a team to solve issues and drive results, positive attitude
• Requires attention to detail and organizational skills.

Why you’ll be a good fit:

Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following:

Results – You’ll look to achieve the best outcomes for our members. Continuously track and measure everything, and use it to always improve. Be proactive, not reactive. 

Agility – You’ll remain agile in your decision making, planning, and delivery; using curiosity and creativity to see situations from all perspectives.

Integrity – You’ll act professionally and positively. Build trust, be upfront and communicate thoroughly.

Teamwork – You’ll work to achieve common goals as part of ONE TEAM.

Ownership – You’ll hold yourself and others accountable and remain committed to our obligations while caring about the outcomes as much as an owner would. 

Belonging – You’ll embrace and environment in which any individual or group can be and feel welcomed, respected, supported and valued.

We stand by our mission to connect our members and communities with an exceptional financial future and we are looking for individuals who share this same purpose to take this journey with us.

What we can offer you:

Competitive compensation, medical and dental benefits.

401K with employer match

Flexible paid time off

We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization. 

Municipal Credit Union (MCU) is an Equal Opportunity Employer. 

Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.