Real Estate Loan Underwriter III

@ SchoolsFirst Federal Credit Union
SchoolsFirst Federal Credit Unionschoolsfirstfederalcreditunion.com

Real Estate Loan Underwriter III

Tustin, CA
Posted 6 days ago

About the job

SchoolsFirst FCU is dedicated to diversity and inclusion, offering financial services and supporting staff development. The Underwriter III role focuses on loan quality, compliance, mentorship, and processing activities, contributing to the credit union's mission and customer satisfaction.

Requirements

  • 3-5 years related experience
  • Underwriting expertise
  • Knowledge of lending policies
  • Regulatory compliance skills

Qualifications

  • High School Diploma or GED
  • Strong analytical skills
  • Attention to detail
  • Ability to mentor team members

Full job description

We’re always looking for diverse, talented, service-oriented people to join our exceptional team.

Real Estate Loan Underwriter III

The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for room for growth and tenure achieved in a role over time. Typical new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their unique set of knowledge, skills, education, and experience as well as internal equity.

Pay Range:

$33.51 - $50.27

Scheduled Weekly Hours:

40

What You’ll Be Doing
Has primary responsibility for loan quality. Ensures that approved loans meet State and Federal regulatory requirements, investor requirements and internal Lending Policy and Standard Operation Procedures (SOP's).
  • Underwrites real estate loan requests in a manner that is compliant with internal Lending Policies, SOP’s, including matrices and Investor guidelines. Provides upfront credit approval and final approval on all loans within individual lending authority limits.
  • Apply team and department “Best Practices” as instructed by Management.
  • Continues to develop knowledge in secondary investor lending requirements and SchoolsFirst FCU lending policies, guidelines, and operating systems. Is accountable for reviewing internal policy documents and SOP’s on a frequent basis to ensure that skills and understanding are current. Is familiar with the AllReg’s system to review investor guidelines as needed.
  • When necessary assists in processing applications by performing processing functions including Member contact updates, third party communication, and other processing or loan closing tasks.
  • Is the initial contact for escalated Member calls regarding appraisals, counter-offers or loan stipulations requested.
  • Mentors loan consultants, processors and closers and leads these groups in developing skills and experience with loan requirements.
  • Ensures that Loan Operating System (LOS) is updated in all required areas on a daily basis.
  • Reviews SOP exception requests, or provides loan counter-offers and either approves within individual limits or makes a decision recommendation to senior underwriter or management.
  • Ensures that department turnaround times for period from receipt of completed application to credit approval then funding are met.

Additional Job Functions
  • Performs other duties as assigned
  • Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions.

Qualifications
  • High School Diploma or GED required
  • 3-5 years of prior related experience required

SchoolsFirst FCU is committed to Diverse, Equitable, and Inclusive Hiring

At SchoolsFirst FCU we are dedicated to building and growing a diverse, inclusive, and authentic Dream Team, so if you’re excited about a position or wanting to make a career change but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. Many skills are transferrable and you may be just the right candidate for the position, or for other roles we are working on.

SchoolsFirst Federal Credit Union is committed to fostering, cultivating, and preserving a culture of diversity and inclusion. SchoolsFirst FCU is an equal opportunity employer and prohibits discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibits discrimination against all individuals based on their race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, political affiliation, or genetic information.

This organization participates in E-Verify.

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