Mortgage Underwriter

Redwood Credit Union is looking for a Mortgage Underwriter who will be responsible for making a decision after reviewing and analyzing residential mortgage loan applications in compliance with secondary market investors, including FNMA and portfolio guidelines and/or lending guidelines and policies. This role ensures sound credit decisions while balancing risk management with excellent customer service.

 

o Complete a thorough review and analysis of mortgage loan files, including but not limited to credit, income, asset, appraisal, and title reports.
o Determine borrower creditworthiness and ability to repay in accordance with agency, regulatory and underwriting guidelines (e.g., FNMA).
o Issue underwriting decisions including approvals, conditional approvals, suspensions, and denials with clear, well-written conditions.
o Ensure compliance with federal, state, and investor regulations (TRID, ECOA, Fair Lending, ATR/QM, etc.).
o Communicate underwriting decisions and conditions effectively to loan officers, processors, and management.
o Review and clear underwriting conditions prior to final approval and funding.
o Identify potential fraud, red flags, and layered risk factors and escalate as appropriate.
o Maintain quality, accuracy, and thorough documentation in the loan file.
o Meet production, quality, and turnaround time standards.
o Participate in quality control, audits, and workflow improvement initiatives as needed.
o Recognize and evaluate the loan process and recommend changes that will help maintain maximum efficiency.
o Review all denied loans and recommend alternative solutions when appropriate.
o Identify ways to increase engagement of the borrower and make recommendations for cross-sell opportunities.
o Ensure confidentiality and safeguard sensitive Member financial information.

o Perform special projects and duties as assigned.

 

 

At Redwood Credit Union, our mission is to passionately serve the best interests of our Members and communities. Since 1950, we have been dedicated to supporting the financial well-being of our Members through better rates, low or no fees, and best-in-class customer service. Our purpose is to inspire hope and elevate the financial well-being of our communities one person at a time, through good times and bad.

 

As a not-for-profit financial institution, we are committed to a people-first approach, which is reflected not only in how we serve our Members, but also in how we treat our employees. Our leadership team is deeply focused on fostering a culture of heart and empathy, integrity, passion, inclusion, meaningful relationships, excellence, and ensuring financial well-being for all. 

 

The ideal candidate has a combination of education and experience equivalent to high school diploma and four

years experience in mortgage loan origination or two years as a designated underwriter.

 

Compensation: Base starting range: $39.00 to $52.00 per hour commensurate with experience.

 

•  Competitive medical, dental, and vision insurance, mental health offerings

•  Employee performance incentive plan

• Salary Advancement– Merit increase based on performance

• 401(k) program with employer match

• Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!

 

• RCU employees are eligible for a .75% discount off RCU standard collateral auto loans

• RCU employees are eligible for a 1% discount on all recreational or boat loan products

• 2% discount off Visas and LOC Loans through RCU

• 0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000.

• 0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000.

• 0% interest on garment, fitness, or home office equipment loan of up to $500

• 100% financing for employee purchased homes!

 

• May require extended periods of concentration and document review.

• Ability to stand, bend, stoop, sit, walk, twist, and turn.

• Ability to lift up to 15 pounds.

• Ability to use a computer keyboard and calculator.

• Work environment is indoors; majority of the time is spent sitting at a desk.

 

 

Internal Team Members: If you are a current Team Member, please apply through the internal careers page located in RCUNET. 

                                                  

                                                  We are an Equal Opportunity Employer