Loan Underwriter II

Company DetailsLooking to make a meaningful impact on your community? At Connex Credit Union, we’re seeking passionate and diverse individuals who are driven to help improve the financial well-being of others.

At Connex, you’re more than an employee, you’re part of a team that values trust, collaboration, and delivering exceptional service. With a strong history of success and a commitment to our employees, members, and communities, we continue to grow while creating opportunities for our team members to thrive.

If you’re looking for a rewarding career where you can make a difference, grow professionally, and be part of an inclusive organization, we encourage you to join us on our mission.

What we offer:

• Competitive compensation
• Medical, Dental, and Vision coverage
• Paid time off
• 401(k) plan with company match
• Tuition reimbursement opportunities
• Opportunities to participate in community outreach and make a local impact

Join a team where your work matters and your contributions make a difference.
DescriptionA loan underwriter’s primary role within the organization is to evaluate consumer and home equity loan requests using standard underwriting guidelines in order to obtain a loan decision and to ensure compliance of the loan, based on knowledge of credit union practices and procedures. Underwriters demonstrate sound judgment in the analysis of required documentation while mitigating organization risk through appropriate decision making and are responsible for ensuring the credit union maintains a portfolio of safe and profitable loans. Underwriters maintain a working knowledge of all credit union and industry underwriting standards in order to ensure all applications that are underwritten are processed accurately and efficiently.

Essential Functions and Responsibilities: includes the following, and other duties may be assigned.

Review, analyze and underwrite all home equity loans and consumer secured and unsecured loan requests. Serve as 2nd level credit review for Home Equity products.
Maintain consistent monitoring of Home Equity pipeline to ensure regulatory requirements are being met.
Assemble and verify accuracy of closing documentation for loans. Ensure documentation is within all compliance and credit union guidelines.
Evaluate real estate appraisals and complex title search issues, along with the ability to interpret income tax returns and other investment income sources.
Make recommendations for exception approvals based on factors falling outside the realm of standard underwriting procedures and proactively counsel and suggest program alternatives to meet the borrower’s needs.
Contribute to the credit union’s profitability by making consumer loans which meet standards for economic value and safety.

7. Adheres to all Credit Union policies and procedures. Responsible for compliance with the following regulations: TILA- RESPA ,BSA, OFAC, HMDA, Regulation B, Fair Lending and other regulations, as required.

8. Coach originators, Branch Liaisons, and branch personnel with questions regarding underwriting and product knowledge.

9. Assist with HMDA compliance, including quarterly and annual reviews

10. Assist Underwriting Manager with monthly reports and 3rd party Vendor monitoring.

Performance Measurements (if applicable):

Qualifications and Requirements:

3-5 years of consumer underwriting experience
Bachelor’s degree
Ability to organize and prioritize workload to meet deadlines.
Understanding of mortgage auditing and quality control process.
Ability to multi-task and must be detail oriented.
Strong knowledge of consumer underwriting guidelines
Strong proficiency in Microsoft Office applications
Sound judgment, problem-solving, and decision-making abilities
Flexible working schedule

Ability to work 40+ hours per week per assigned schedule

Continued education through selected training courses