Senior Mortgage Underwriter

Location:
Pentagon Federal Credit Union
Eugene Service Center
400 Country Club Rd
Eugene, OR 97401

Please send resumes to Jobs@Eugene.PenFed.org or Fax to: 541-225-6800

Pentagon Federal Credit Union (”PenFed”) is one of the strongest and safest financial institutions of its kind in the US, with more than $14 billion in assets. We serve over 950,000 members in the Air Force, Army, Coast Guard, Department of Homeland Security, Department of Defense, defense-related companies, and the Veterans of Foreign Wars around the world. We were federally chartered in 1935 and offer a variety of mortgage, credit card, automobile loan, personal loan, checking, and money market savings products.
We have an immediate opening for a Senior Mortgage Underwriter in our Eugene, Oregon service center.

The incumbent will underwrite conventional, FHA and VA loans in accordance with investor guidelines including the secondary market.

Description:

• Completes a thorough analysis of loan files to determine compliance with PenFed, investor FHA and VA guidelines. Trains all staff on regulations and compliance requirements

• Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an investment quality loan product and creditworthiness of the borrowers and acceptability of the collateral.

• Identifies potential quality loans to be held in portfolio if secondary market guidelines can not be met.

• Verifies the accuracy of all calculations.

• Recommends the loan disposition, for loan amounts in excess of authority limitations, to Manager.

• Maintains a working knowledge of secondary market underwriting guidelines, private investor and private mortgage insurance guidelines.

• Assists in the development of underwriting standards.

• Assists mortgage loan consultants in qualifying loans.
• Provides assistance to processors, giving general guideline interpretations and answering questions on specific loan files.

• Responds to post closing review and audits in a timely fashion.

Requirements

• Bachelor’s degree in related field or combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions.

• Three years mortgage underwriting experience with FHA DE and VA LAPP authority required.

• Excellent documentation, organization and analytical skills, required.

• Excellent oral communication skills, required.

We can offer you:

• Challenging intellectual environment that requires both individual contribution and team collaboration.
• Medical, dental, vision & prescription drug coverage.
• Convenient location with free parking.
• Company paid short- and long-term disability coverage.
• Company paid life insurance.
• Generous education assistance program.
• Flexible Spending Accounts for out-of-pocket medical and dependent care expenses.
• Immediate enrollment in 401(k) plan with company match (100% of first 4% you contribute) after 6 months on the job.
• On-site fitness center and cafeteria

No security clearance is required. You must be bondable and pass a credit check.
We are proud to be an equal opportunity employer: m/f/v/d

Tags: loan processor job, mortgage, mortgage jobs, processing