Real Estate Underwriter - Home Equity II

Function Description:The Real Estate Underwriter - Home Equity II will review and analyze home equity loan applications to determine whether applicants meet financial and creditworthiness criteria. The Underwriter II assesses the risk associated with approving a loan, evaluates the borrower’s income, credit history, employment history, debt-to-income ratio, available equity, and other important factors.  The Underwriter II will act as a mentor to team members assisting in training as necessary and will provide advanced technical expertise.    As part of the Home Equity Underwriting team, the Underwriter II strives to provide exceptional service to all members.  The Home Equity Underwriter II may participate in QC activities. 

Reports to:Sr. Manager – Consumer & Mortgage Underwriting

Supervisory or Managerial Responsibility:None

Contacts:All levels of credit union employees, internal and external auditors, vendors and members

Essential Responsibilities:

• Demonstrates Bellco’s Act Nice Behaviors and Core Values in all interactions with members, prospective members, and personnel in other Bellco departments.
• Responsible for pipeline management and completing work within established Service Level Agreement (SLA) standards.  The Real Estate Home Equity Underwriter II may be responsible for increased production due to advanced technical expertise.
• Responsible for accuracy and completion of activities associated with the underwriting of home equity lines of credit. 
• Responsible for accurate math computations including but not limited to income, debt to income ratios, loan to value ratios and combined loan to value ratios.

• Ensure compliance with regulatory, and Agency requirements including but not limited to RESPA, Homeowner’s Protections Act of 1998, SCRA, Fair Credit Legislation, HMDA, and CFPB.
• Responsible for final underwriting decisions on loans within granted lending authority that may involve approving or denying applications.
• Responsible for applying lending guidelines fairly and without bias.
• Has the ability to manage fluctuating volumes which may include times of high volume. 
• Works with management team to distribute and reallocate pipelines as necessary to ensure member experience. 
• Identifies training needs for team members and may lead on the job training.    
• Ensure member satisfaction within all loan channels and points of contact with frontline, back-office staff and members
• Report vendor performance and service standards to the management team, as necessary.
• Collaborate internally with other team members to troubleshoot questions/issues and resolve inquiries while adhering to response time and quality goals.
• Performs other related duties as assigned by management.

Skills:Ability to work with a high degree of confidentiality, Thorough understanding of credit reporting and credit analysis, Proven ability to analyze income documentation including personal and business tax returns and complete a cash flow analysis, Knowledge of appraisal and property data analysis, Ability to apply guidelines and lending matrices, Knowledge of title commitments and documents, Ability to review member data in Core system, Working knowledge of home equity processing and state and federal lending guidelines, Knowledge of HMDA requirements, Proficient with Microsoft Office (Word, Excel, Outlook), Strong analytical and decision-making skills, Strong attention to detail, Time management skills with the ability to prioritize workload, Strong communication skills both verbal and written, Demonstrates strong analytical/problem solving and time-management skills, Ability to mentor and guide team members in decision making sharing technical expertise.

Core Responsibilities:

• Be available to work as scheduled and report to work on time.
• Be willing to accept supervision and work well with others.
• Comply with all organizational policies, the Employee Handbook, Code of Conduct, and required annual training.
• Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization.
• Adheres to safe working practices and always follows all organizational safety policies and procedures.
• Demonstrates compliance with all state, federal and all other regulatory agency requirements.
• Ensure strict confidentiality of all records and PII.

Core Values:

BE ETHICAL AND DEMONSTRATE INTEGRITY:Treat others with respect, dignity and” tough love.” It’s about character and influence, not about a title. Be honest and direct. Challenge ourselves and each other to reach our full potential.

BE ACCOUNTABLE:Lead by example. You are the reflection of how you show up. Set realistic expectations. Make good business decisions. Meet commitments. Learn from mistakes.

EMBRACE CHANGE:Develop the individual, improve the team, grow the institution.Encourage and reward creative solutions. Ask impactful organizational questions.Identify the problem to be solved and the desired outcome.Engage others. Believe in what’s possible.

APPRECIATE THE MEMBER:Achieve and retain trusted, valued relationships with members.Listen and identify needs.Prioritize the member experience. Maintain a high level of member satisfaction. Serve the member with pride.

ACHIEVE SUCCESS TOGETHER:Strive for Flawless Execution. Not for the sake of numbers, but for a sense of pride in a job well done. Success favors the prepared. Consistently plan, coach and grow to master our roles. Celebrate our success.

Act Nice Behaviors:

Accept mutual accountability when things go wrong

Acknowledge others’ efforts and thank them

Avoid jumping to conclusions

Be honest, direct, and civil with no hidden agendas

Communicate with others face to face whenever possible

Empathize with others by putting yourself in their shoes

Establish and build relationships into trusted partnerships

Forget the past and avoid holding grudges

Hear individuals out by actively listening to them

Protect and build up each other’s self-esteem

Recognize and reinforce others’ positive actions

Respect each other’s priorities and personal space