AVP Mortgage Loan Underwriting (Finance)
Thank you for your interest in a career with Centra. A career at Centra Credit Union is more than a job; it is an opportunity to make a meaningful impact in our Members' financial lives and our communities. Centra was established in 1940 and is headquartered in Columbus, Indiana. Centra is ranked among the top five largest credit unions in Indiana and among the most financially sound institutions in the United States. Centra serves Membership throughout central and southern Indiana as well as other areas like Jamestown, NY, and Whitakers, NC. Centra Team Members enjoy excellent benefits, an atmosphere that fosters family and work-life integration, a heritage of strong values, a high level of Team Member engagement in the achievement of results, and the opportunity for growth with the Centra Family. Credit Unions are Not for Profit, Not for Charity, But for Service. If these are the things that matter to you then please read on, we look forward to hearing from you.
Centra Credit Union has an exciting opportunity for a full-time AVP Mortgage Loan Underwriting located in Columbus, IN. This position is responsible for implementing the policies, procedures and corporate strategies as set forth by Senior Management and the SVP – Mortgage Loan Operations. This position will supervise the Underwriting Team while providing quality, consistent and timely underwriting of mortgage loans in compliance with secondary market and Centra Credit Union guidelines, focusing on more difficult requests, and properly executing within Centra's Board-approved Credit Risk Appetite.
Spanish/English interpreters may be eligible for an interpreting differential.
ESSENTIAL FUNCTIONS: This position may be required to perform additional duties as requested. Reasonable accommodations may be made to enable individuals with disabilities to perform.
- Provides direction for Underwriting Team, ensuring that the Underwriter queue is managed in an efficient manner.
- Maintains up-to-date working knowledge of real estate laws, regulations, and secondary market guidelines, ensuring that Underwriting Team are trained and adhere to these requirements.
- Develops skills of Team Members through a combination of goal setting, delegation, training, counseling, and performance management.
- Assists in maintaining credit quality targets through proper underwriting controls and adherence to lending policies and procedures.
- Ensures all mortgage loans are underwritten to Centra and secondary market guidelines as well as all applicable lending laws and regulations.
- Develops and updates written procedures regarding underwriting functions, product guidelines, and applicable workflows. Performs an on-going review, ensuring that they meet the needs of the credit union and are following State, Federal and investor guidelines.
- Reviews loan applications for underwriting requirements. Responsible for analyzing and verifying that the employment profile, credit strength and property characteristics of the transaction meets secondary market and Centra guidelines.
- Answers questions and solves problems on loan inquiries from MLO's, Processors and Closers.
- Communicates effectively with other members of Mortgage management, identifying tactics to better streamline overall Mortgage delivery process and to improve Member Experience and Team Member Experience, with a dedicated focus on decreasing Turn-times.
- Coordinates with Secondary Market Manager to ensure appropriate backups are in place for significant functions in this area, including establishing daily rates, validating rate locks, obtaining forward commitments, and delivering loans to investors.
- Assists in preparing monthly audit files.
- Supervises the day-to-day operations of Mortgage Underwriting. Supervisory duties include performance management, training and development, and demonstrating and cultivating Centra's Vision, Mission, Culture, and Core Values.
EDUCATION & EXPERIENCE – (Equivalent combination of Education & Experience will be considered.)
- Bachelor's Degree in Related Field
- Five years to eight years of similar or related experience, including preparatory experience.
Centra is an Equal Opportunity Employer.
Education
Required- Bachelors or better
- Equivalent combination education & experience or better
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
