First Entertainment Credit Union Remote - Mortgage Underwriter (EARNING POTENTIAL UP TO $100,000k!) in Hollywood, California
Come to First Entertainment Credit Union as a Mortgage Underwriter and help our members achieve lifelong Real Estate goals!
A Mortgage Underwriter at First Entertainment will be responsible for providing underwriting and making initial and final decisions for 1st mortgages and home equity lines/loans that meet secondary market investors' guidelines, in accordance with Credit Union policies, procedures and portfolio guidelines. This position is for an employee with limited-to-moderate knowledge of secondary market investor guidelines for underwriting all conforming loans on single family residential, 2-4 units, condominiums and planned unit developments. This position will be responsible for preliminary and final underwriting of conforming loans, and recommendation for loans outside of conforming guidelines/parameters. This role will be based out of our main office in the Hollywood/Burbank.
This is a full-time, non-exempt position with work hours generally between 8:30 AM to 5:15 PM with overtime and flexibility with hours required. May be required to work an occasional Saturday as needed.
At First Entertainment Credit Union . (http://www.firstent.org) we believe that every story matters - that includes our members, employees, community, and those interested in joining our growing team. The Credit Union has served its members since 1967 and has grown to manage over $1.6 Billion in assets. Today, First Entertainment is the financial ally for the creators of entertainment and those who support them.
First Entertainment is a member-owned, not-for-profit, cooperative financial institution formed to permit our members to pool their savings, lend to one another, and a place where they save, borrow, and obtain related financial services.
We are looking for talented individuals who are passionate about member service and teamwork, have a deep sense of respect and integrity for co-workers and members and are also driven to pursue excellence in all that they do.
If you are looking for a workplace where you can make a positive impact for our members and opportunities for advancement, read on!
Underwrite 1st mortgage loans within Credit Union and secondary market investor guidelines, state and federal compliance requirements and Credit Union policy and procedures.
Underwrite Home Equity Lines of Credit (HELOCs) Home Equity loans in accordance with Credit Union guidelines within established loan authority
Perform preapproval of all real estate and home equity loans including review of initial application
Review initial disclosures to ensure documentation is in compliance with regulatory guidelines
Perform analysis and/or review in-file analysis of complex personal, business, partnership and corporate tax returns.
Responsible for making a final underwriting decision based on guidelines set forth by the Credit Union, private investor, FNMA, FHLMC and mortgage insurers
Responsible for reviewing all documentation pertaining to purchase transactions including sales contracts, escrow instructions and termite inspection reports
Obtain data for pricing analysis on a daily basis. Produce real estate rate sheets that meet secondary market investors' and Credit Union guidelines. Provide rate sheets to required staff and departments on a daily basis
Minimum three to five years of experience in the mortgage industry
Moderate knowledge of secondary market guidelines
Basic understanding of secondary market loan pricing structure.
Knowledge of laws and regulations regarding real estate and privacy, including Reg Z, Reg B, RESPA and HMDA.
Thorough real estate loan knowledge including loan processing and funding processes
Knowledge of mortgage software such as Encompass
Knowledge of mortgage documentation including applications, loan documents and disclosures.
Ability to read, speak and write clearly to convey information effectively
Ability to prioritize according to an order or set of rules
Ability to express information and ideas effectively and appropriately so others understand in written and oral formats.
Ability to quickly and accurately identify similarities and ideas.
First Entertainment Credit Union is an Equal Opportunity Employer. Consistent with state and federal law, it is the policy of First Entertainment Credit Union to prohibit discrimination because of race, color, religion (including religious accommodations), sex (gender, including gender identity and expression), sexual orientation, marital status, national origin, ancestry, mental and/or physical disability, medical condition (cancer, genetic information and characteristics, requests for medical and family care leave), age (40 and above), military service, pregnancy, childbirth and related medical conditions, and any other classification protected by federal, state, and local laws. First Entertainment is committed to providing employees with a work environment free of discrimination and harassment. If you are in need of reasonable accommodations to complete this application, please contact the Credit Union's HR Department at firstname.lastname@example.org.
Job ID: 2021-1157
External Company URL: https://www.firstent.org/
Street: 6735 Forest Lawn Dr.