TEKsystems is seeking qualified candidates for Equity Underwriter positions with a local Fortune 100 Credit Union!This will be a Hybrid position, requiring at least 2 days per week in office.Schedule: Monday - Friday, 8:00AM - 4:30PMBasic Purpose:To evaluate and underwrite all Equity loans offered by the Credit Union according to specific state and federal requirements to limit the risk exposure to the Credit Union mortgage portfolio. To analyze required loan documentation and information presented in the mortgage loan request, to condition and make appropriate loan decisions based on the acceptability of the credit risk using established guidelines of the Credit Union, secondary market loan investors, and applicable state and government regulations. Work on assignments requiring judgement in resolving issues or making recommendations. Location: HYBRID schedule 2 days a week onsite required Responsibilities:
Analyze mortgage loan information on loan documents such as income, assets, and credit criteria to confirm loan eligibility based on guidelines as well as adherence to investor requirement with or without independent scoring systems
Analyze exceptions and rejections; recommend alternative mortgage products that could bring the loan within guidelines
Analyze self-employed borrower income documentation
Approve equity loans and authorize loan disbursements based on a complete analysis of submitted documentation and applicable rules and regulations
Determine the acceptability and marketability of the real estate property to ensure there is sufficient collateral to secure the loan
Prepare and present counter-offers on marginal loans; prepare adverse action (loan disapproval) notifications, with awareness of the compliance provisions of the regulatory agencies
Qualifications:
Significant (minimum 5 years) mortgage underwriting experience
Demonstrated in-depth knowledge of underwriting principles, secondary market (FNMA and FHLMC) and/or government (FHA/VA) guidelines, and relevant regulatory requirements
Strong organization skills and ability to handle multiple tasks simultaneously with a high degree of accuracy in a high volume, fast paced environment
Strong verbal, written, and interpersonal communication skills to include experience counseling, negotiating, or explaining decisions to members and vendors
If interested and meet the requirements/qualifications, please apply with an updated resume!Pay and BenefitsThe pay range for this position is $20.00 - $22.00/hr. Medical, dental & vision Critical Illness, Accident, and Hospital 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available Life Insurance (Voluntary Life & AD&D for the employee and dependents) Short and long-term disability Health Spending Account (HSA) Transportation benefits Employee Assistance Program Time Off/Leave (PTO, Vacation or Sick Leave)Workplace TypeThis is a fully onsite position in Winchester,VA.Application DeadlineThis position will be accepting applications until Dec 9, 2024.About TEKsystems: We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
