Mortgage Underwriter Job at Cardinal Credit Union, Mentor, OH

aEphMG5Pcm45cGFLL2t2bnUvMGZac2pOaEE9PQ==
  • Cardinal Credit Union
  • Mentor, OH

Job Description

Cardinal's Mortgage Underwriter is responsible for decisioning loan applications within the mortgage department. Our Underwriter evaluates and verifies loan documents to determine the applicant's ability to repay the mortgage loan.

The role requires strong competency with FNMA underwriting guidelines.

Responsibilities include reviewing the 1003 and 1008 forms, trust documentation, title reports, homeowner and condo master policies, and insurance documentation. The underwriter ensures that loan terms and property specifications comply with credit union policies and applicable government regulations.

Our Underwriter position is located in Mentor, Ohio. This is an in-office position.

  • Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet Credit Union and government standards.

  • Approves or rejects loan application or requests additional information.

  • Evaluates acceptability of loan to corporation that buy real estate loans on secondary mortgage markets (where existing mortgages are bought and sold by investors).

  • Assembles documents in loan file, including acceptance or denial and returns file to originating mortgage loan department.

  • Records loan rejection, specifying investor and Credit Union guidelines and basis for declining application.

Experience:

2+ years of experience in mortgage underwriting or 2+ role related lending

Working knowledge of FNMA.

Education:

Bachelor’s degree in Finance, Business, Economics, or a related field (or equivalent work experience)

Job Tags

Work experience placement,

Similar Jobs

xAI

AI Tutor - Finance Specialist (Full-Time) Job at xAI

 ...share knowledge with their teammates. About the Role As an AI Tutor - Finance Specialist, you will be instrumental in enhancing the...  ...various financial information resources, databases, and online resources (e.g., Bloomberg, Reuters, SEC filings). Outstanding... 

American Endovascular & Amputation Prevention LLC

Patient Escort/ Medical Assistant Job at American Endovascular & Amputation Prevention LLC

Patient Escort/ Medical AssistantJob DetailsJob LocationLong Island City , NYPosition TypeFull TimeSalary Range$25.00 - $28.00 HourlyTravel PercentageRoad WarriorJob ShiftAnyDescriptionAmerican Endovascular is seeking a Full Time licensed Medical... 

Xclusive Trading Inc

Compliance & Operations Administrator Job at Xclusive Trading Inc

 ...Job Title: Compliance & Operations Administrator Location: Sugarland, Tx 77478 Job Type: Full-Time (40 Hours In-Office | On-Call...  ...ability to respond to operational needs outside of standard business hours when necessary. Key Responsibilities: Oversee utility... 

Early Warning®

Sr. Fraud Risk Strategies Analyst (San Francisco) Job at Early Warning®

 ...Purpose This role is accountable to analyze, create and deploy the rules and scores from both internally and externally developed fraud risk models and applications with the associated outcomes as it applies to decisions rendered to optimize the balance of risk,... 

ProAmpac

Plant Controller Job at ProAmpac

 ...challenging, fast-paced environment. Salary: $135,300 - $176,200 annually Work Environment Work primarily in a climate controlled indoor environment with minimal safety/health hazard potential. Hearing protection, safety shoes and vision protection as...