Note: The job is a remote job and is open to candidates in USA. Quorum Federal Credit Union is a technology-driven credit union that provides innovative financial solutions to its members. The Mortgage Underwriter II will independently analyze complex residential mortgage applications and make credit decisions in line with guidelines while achieving production levels and accuracy expectations.

Responsibilities

• Analyze and independently underwrite highly complex mortgage products and scenarios, within level of authority
• Underwrite all mortgage loan files in compliance with secondary market guidelines, specific product guidelines, credit union policies and procedures, and banking/Credit Union regulatory requirements
• Exercise sound, common-sense judgment when evaluating overall loan risk and determining loan eligibility ensuring decisions align with company risk tolerance and lending policies
• Achieve required daily production levels and established turn times
• Review and validate standard documentation such as income, asset, credit, and collateral
• Utilize provided automation solutions to ensure efficiency and operational controls
• Must perform underwriting functions in all stages of the application, including but not limited to initial underwriting decision, reviewing and approving conditions, and completing the final underwriting decision
• Manage daily pipelines efficiently by prioritizing tasks and communicating proactively with processors and loan officers
• Identify and escalate higher-risk or exception files to senior underwriting staff as appropriate
• Stay current with underwriting guidelines and technology and attend training sessions to build product and regulatory knowledge
• Exhibit a positive and collaborative team attitude, assisting peers and contributing to a supportive work environment
• Performs additional duties as required

Skills

• Bachelor's degree in finance, business administration or other related degree preferred
• Minimum of six to ten years of related experience at a credit union, bank or other financial institution
• Excellent problem-solving, organizational, analytical, verbal and written communication skills
• Strong decision making and time management skills with the ability to manage multiple projects/duties
• Results driven, service oriented, self-motivated and able to work independently
• Detailed knowledge of secondary market guidelines. Some knowledge of regulatory guidelines and issues
• Complies with all requirements for Mortgage Loan Originators set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS
• Trustworthy with the ability to maintain highest level of integrity and trust
• Proficiency in Microsoft Office, specifically Word, Excel and PowerPoint. Related experience with Encompass loan origination systems

Benefits

• Excellent health insurance packages with a Health Reimbursement Account option
• Life, AD&D, Short-Term Disability and Travel Insurance
• 401k plan with company match dollar for dollar up to 6 percent*

• Generous time-off policy with paid time off (PTO), volunteer time off (VTO), birthday PTO, and company-observed holidays

• Monthly stipend for wellness activities and mental health*

• Tuition reimbursement

• Pet Benefits, including insurance, discounts, “pawternity” PTO day, and more
• Bonus/commission plan for qualifying roles
• Employee perks (including mortgage discounts!)
• PTO purchase and sell-back programs
• Rewards and peer recognition programs
• Trust-based, out-come oriented remote work environment for most roles

Company Overview

• Quorum Federal Credit Union is a credit union that offers banking and financial services. It was founded in 1934, and is headquartered in Purchase, New York, USA, with a workforce of 51-200 employees. Its website is https://www.quorumfcu.org/.

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