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Job Details

Underwriting Lead

Company name
Chevron Federal Credit Union (CFCU)

Location
Oakland, CA, United States

Employment Type
Full-Time

Industry
Underwriting, Finance, Oil Gas

Posted on
Apr 07, 2021

Apply for this job






Profile

\u003cp\u003e\u003cstrong\u003eDUTIES and RESPONSIBILITIES:\u003c/strong\u003e\u003c/p\u003e
\u003ctable style=\u0022width: 714px;\u0022\u003e
\u003ctbody\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003e\u003cstrong\u003eDuty\u003c/strong\u003e\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003eAbility to efficiently and accurately decision real estate loan applications, ensuring adherence to all fair lending and compliance policies along with investor and internal procedures, guidelines and policies.\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003eWith a high degree of accuracy, apply Fannie Mae manual and desktop underwriting guidelines and CFCU internal underwriting guidelines to residential first and second mortgage loans for both, purchase money or refinance, conforming or jumbo.\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003eDemonstrate a high degree of analytical abilities and negotiation skills with a willingness to investigate and perform independent research when necessary. Maintain a working knowledge of the origination software system and ensure that software updates are loaded properly.\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003eReview and analyze mortgage loan applications to ensure accuracy, completeness and compliance with internal and regulatory guidelines including but not limited to: upfront disclosures, debt to income ratios, loan-to-value ratios, credit reports, application, appraisals, and title.\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003eAbility to underwrite (initial and final reviews) a minimum of 5-8 loans per day in addition to other underwriter responsibilities.\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003eProvide excellent service to members and colleagues by using effective communication and employing teamwork. Communicate timely, clearly and professionally to colleagues at all times. Ensure business partners receive the information necessary to properly structure and finalize incomplete loans\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003eAbility to analyze, document and present compensating and mitigating risk factors when recommending exceptions to guidelines. Ability to be a second-level reviewer for exceptions, counter-offers and declines. \u0026nbsp;Ability to do second level review, and objectively quality control underwriter\u0026rsquo;s decisions and analysis\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003eWhen necessary, assist Underwriting Manager with allocation of files and assist with training of staff members around guidelines, our systems, and processes.\u0026nbsp; Acts as back up in the absence of the Underwriting Manager.\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003eCreate and provide reports for Management.\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003ctr\u003e
\u003ctd style=\u0022width: 713.333px;\u0022\u003e
\u003cp\u003e\u003cstrong\u003eOther duties as assigned\u003c/strong\u003e\u003c/p\u003e
\u003c/td\u003e
\u003c/tr\u003e
\u003c/tbody\u003e
\u003c/table\u003e
\u003cp\u003eA high percentage of attendance is also an essential function of this position.\u003c/p\u003e
\u003cp\u003e\u003cstrong\u003eQUALIFICATION REQUIREMENTS:\u0026nbsp; \u003c/strong\u003e\u003cem\u003eReasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.\u003c/em\u003e\u003c/p\u003e
\u003cp\u003e\u003cstrong\u003eEDUCATION and EXPERIENCE:\u003c/strong\u003e\u003c/p\u003e
\u003cul\u003e
\u003cli\u003eBachelor\u0026rsquo;s degree\u003c/li\u003e
\u003cli\u003eThree to five years of residential mortgage underwriting experience\u003c/li\u003e
\u003cli\u003eExperience with conventional and governmental A and B credit quality loans with a financial institution\u003c/li\u003e
\u003cli\u003eEquivalent combination of education and experience may be acceptable\u003c/li\u003e
\u003c/ul\u003e
\u003cp\u003e\u003cstrong\u003eLANGUAGE SKILLS:\u003c/strong\u003e\u003c/p\u003e
\u003cul\u003e
\u003cli\u003eAbility to read, analyze, and interpret governmental regulations, reports, and all loan application documents.\u003c/li\u003e
\u003cli\u003eAbility to write reports, business correspondence, and procedure manuals.\u003c/li\u003e
\u003cli\u003eAbility to effectively present information and respond to questions from groups of managers and individual members.\u003cstrong\u003e\u0026nbsp;\u003c/strong\u003e\u003c/li\u003e
\u003c/ul\u003e
\u003cp\u003e\u003cstrong\u003eMATHEMATICAL SKILLS:\u003c/strong\u003e\u003c/p\u003e
\u003cul\u003e
\u003cli\u003eDemonstrated understanding of how to calculate income for all types of borrowers.\u003c/li\u003e
\u003cli\u003eAbility to calculate figures and amounts such as loan payments, discounts, interest, commissions, and percentages.\u003c/li\u003e
\u003cli\u003eAbility to train others on these mathematical skills.\u003cstrong\u003e\u0026nbsp;\u003c/strong\u003e\u003c/li\u003e
\u003c/ul\u003e
\u003cp\u003e\u003cstrong\u003eREASONING ABILITY:\u003c/strong\u003e\u003c/p\u003e
\u003cul\u003e
\u003cli\u003eAbility to analyze complex tax returns and related financial statements. Ability to understand various sources of funds and interpret credit agency and similar reports to establish creditworthiness of the borrowers.\u003c/li\u003e
\u003cli\u003eAbility to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.\u003c/li\u003e
\u003cli\u003eDemonstrated ability to think independently.\u003cstrong\u003e\u0026nbsp;\u003c/strong\u003e\u003c/li\u003e
\u003c/ul\u003e
\u003cp\u003e\u003cstrong\u003eCOMPUTER SKILLS:\u003c/strong\u003e\u003c/p\u003e
\u003cul\u003e
\u003cli\u003eProficient in the use of Microsoft Office and related applications in a Windows-based environment.\u003c/li\u003e
\u003cli\u003eAbility to quickly learn to effectively utilize the Credit Union\u0026rsquo;s loan origination software and other specialized applications required; prior experience with Desktop Underwriter (DU) and Mortgage Cadence a plus.\u003c/li\u003e
\u003cli\u003eInternet research skills.\u003c/li\u003e
\u003cli\u003eModerate keyboard skills at 40 wpm and 10-key by touch.\u003c/li\u003e
\u003c/ul\u003e
\u003cp\u003e\u003cstrong\u003eOTHER ESSENTIAL SKILLS and ABILITIES:\u003c/strong\u003e\u003c/p\u003e
\u003cul\u003e
\u003cli\u003eClear understanding of regulatory compliance procedures.\u003c/li\u003e
\u003cli\u003eClear understanding of the loan origination, loan processing and closing procedures.\u003c/li\u003e
\u003cli\u003eFamiliarity with FNMA manual and desktop underwriting (DU) guidelines for conforming loans a plus.\u003c/li\u003e
\u003cli\u003eAbility to train, coach, motivate, direct and lead employees.\u003c/li\u003e
\u003cli\u003eAbility to work effectively with members and employees at all levels in the organization.\u003c/li\u003e
\u003cli\u003eAbility to maintain complete confidentiality of member, employee, and Credit Union information.\u003c/li\u003e
\u003cli\u003eExcellent organizational skills.\u003c/li\u003e
\u003cli\u003eExcellent customer service skills.\u003c/li\u003e
\u003cli\u003eDetail orientation.\u003cstrong\u003e\u0026nbsp;\u003c/strong\u003e\u003c/li\u003e
\u003c/ul\u003e
\u003cp\u003e\u003cstrong\u003ePHYSICAL DEMANDS:\u003c/strong\u003e\u003cem\u003e Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.\u003c/em\u003e\u003c/p\u003e
\u003cul\u003e
\u003cli\u003eWork involves extensive use of computers, up to eight hours or more per day.\u003c/li\u003e
\u003cli\u003eMust be able to speak on the telephone for several hours per day.\u003c/li\u003e
\u003c/ul\u003e
\u003cp\u003e\u003cstrong\u003eACCOUNTABILITY:\u003c/strong\u003e\u003c/p\u003e
\u003cp\u003eThe incumbent in this position is directly responsible for the accuracy, timeliness and professionalism of all underwriting performed individually and by direct reports.\u003c/p\u003e,EqualOpportunityEmployerDescription:null,PayTransparencyPolicyStatement:null,MatchScore:1.0,HasApplied:false,ApplicationJobBoardName:null,ApplicationJobBoardId:null,DateApplied:null,Salaried:true,CompensationAmount:null,PublishingStatus:1,Links:[],BehaviorCriteria:[],MotivationCriteria:[],EducationCriteria:[],LicenseAndCertificationCriteria:[],SkillCriteria:[],WorkExperienceCriteria:[],JobBoardMemberships:[{JobBoardId:604b85b9-c229-47a8-8319-5b9130e7bd81,PublishedInternal:false,PublishedExternal:true,ExternalPostedDate:2021-04-07T18:49:13.593Z,InternalPostedDate:null},{JobBoardId:65f2b935-3cc9-4580-9897-1e036cf31cd3,PublishedInternal:true,PublishedExternal:false,ExternalPostedDate:null,InternalPostedDate:2021-04-07T18:49:13.593Z}],AssessmentUri:null,AssessmentStatus:null,OpportunityIsClosed:false,TravelRequired:null,TravelDescription:null,SupervisorName:null,Assessments:[],ApplicationId:null,CompensationAnnualMinimum:null,CompensationAnnualMaximum:null,CompensationHourlyMinimum:null,CompensationHourlyMaximum:null,CompensationCurrency:null});

Company info

Chevron Federal Credit Union (CFCU)
Website : http://www.chevronfcu.org

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