At TEG Federal Credit Union, we pride ourselves on being more than just a financial institution; we’re a caring team dedicated to each other and our community. We are seeking an organized and detail-oriented Mortgage Loan Underwriter for the Mortgage Department in our Hopewell Junction Branch to be responsible for approving or denying mortgage loans, following Credit Union Standards.

This is an exciting opportunity to be a part of an organization that encourages individuals to learn, grow, advance, and achieve excellence in a collaborative and supportive environment.

What you’ll do as the Mortgage Loan Underwriter (Responsibilities):

• Responsible for underwriting loan files to agencies, investors, and MI guidelines, including portfolio products.
• Ensures all documentation is compliant and follows relevant regulations and guidelines. Reviews borrower credit, income, and assets. Reviews property documentation including title commitments, sales contracts, insurance and flood determinations. Reviews and analyzes appraisals for value and compliance in accordance with industry standards. Evaluates acceptability of loan to investors.
• Clears underwriting conditions electronically and ensures loan is complete, accurate and complies with all investor guidelines, and federal, state, and local regulations. Ensures commitments, counteroffers, declines and withdrawals are processed in an accurate, compliant manner with file returned to appropriate operation staff for disposition. Completes all necessary forms to comply with regulatory, investor, credit union, and agency guidelines. Records all appropriate data and status into the Loan Origination System.
• Analyze loan risk and requests additional information as necessary, making loan eligibility decisions and approving, referring, or rejecting loan applications within approved lending authority.
• Responsible for staying up to date on all secondary market guidelines, with special focus on Freddie Mac, Fannie Mae, FHLB and other credit union investors.
• Assists mortgage officers and processors with preliminary income and collateral review as needed to assist with properly structuring transactions.

Performance Measurements:

• To communicate underwriting decisions to involved parties in a timely manner.
• Ensures all loans are underwritten and documented appropriately. Review must consider and address any red flags that could indicate fraud or misrepresentation.
• Ensures established credit union and government standards for the mortgage industry are met at all times and strict compliance with policies, procedures, rules, and regulations are adhered to.
• Provide friendly, accurate, professional service to members and associates by responding to messages and correspondence within a timely manner.
• Meet or exceed the minimum established individual goals each month.
• Develop and maintain knowledge of all mortgage products and rates within the credit union and from the mortgage industry.

What you Bring:

• Must have a minimum of two years underwriting experience or five years of similar or related experience in mortgage processing or origination.
• Experience with conventional and portfolio loan programs required. Experience with jumbo, construction and renovation, government (FHA & VA) programs preferred.
• A two-year college degree, or completion of a specialized certification or licensing.
• Work involves much personal contact with others both inside and outside the organization. Discussions involve confidentiality and discretion, requiring diplomacy and tact in communication.
• Detail oriented with strong data analysis skills. Must be familiar with current mortgage and compliance regulations- including but not limited to RESPA, Reg Z, Reg B, ECOA, TRID, Fair Lending, Appraisal Independence Requirements, Ability to Repay, Qualified Mortgage. Knowledge must include calculation and verification of income and assets, evaluations of credit reports, purchase contracts, appraisals, title commitments, and other loan documentation.
• Proficiency in use of mortgage loan origination systems, preferably Mortgage Director, automated underwriting systems and other mortgage related systems.
• Must be highly organized, be able to prioritize and work independently.

Perks & Benefits:

• Work-life balance and supportive, team-oriented environment
• Comprehensive medical, dental, and vision insurance
• 401K with company match
• Defined benefit plan (Pension)
• Paid Time Off, and much more!

Pay: $69,000 - $79,000 / year, based on experience, plus eligible for annual Bonus.

APPLY NOW for immediate consideration!

TEG Federal Credit Union is an Equal Opportunity Employer. Applications are considered on the basis of skills, experience and qualifications without regard to race, age, creed, color, nationality, gender, sexual orientation, gender identity, marital status, military background, disability or any other legally protected status. All employment related decisions are made in accord with this policy.

TEG Federal Credit Union participates in the E-Verify program to confirm the employment eligibility of all newly hired employees. For more information on E-Verify, please visit