Mortgage Underwriter Job at Cardinal Credit Union, Mentor, OH

Z29CV3JUWklldjZTMS9qV2N4c1lLNW1yMWc9PQ==
  • Cardinal Credit Union
  • Mentor, OH

Job Description

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

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

Family Dollar

Director of Brand Marketing Job at Family Dollar

 ...Summary: The Director of Brand Marketing is responsible for setting the strategic direction and execution of brand and marketing initiatives that differentiate Family Dollar from competitors, reinforce customer trust, and strengthen overall brand positioning. This role... 

Delve Deeper

Client Advisor II Job at Delve Deeper

 ...helping clients grow their customer base by integrating the power of Tech & Data in Media. We act as one highly functioning team that is...  ...one of the following industries: Financial Services/insurance, Travel, Non-Profit/Charities ~ Hands-on knowledge of performance... 

VBeyond Corporation

Machine Learning Engineer Job at VBeyond Corporation

Job Description: Proficient in Python with hands-on experience in building applications using Streamlit and FastAPI. Practical experience in designing and training neural networks using frameworks like TensorFlow and PyTorch. Strong background in Natural Language...

DSJ Global

SHE Specialist Job at DSJ Global

 ...should have the following qualifications: ~ Bachelor's Degree in Safety, Chemical Engineering or Related Fields ~5+ years of experience in health and safety within chemical manufacturing ~ Extensive knowledge of OSHA and EPA regulations, specifically Process Safety... 

ETS Dental

Associate Dentist Job at ETS Dental

 ...Associate Dentist Part-time Position Excellent opportunity available for a part-time Associate Dentist with a patient-focused, privately owned practice located just under an hour northwest of downtown Boston. Very busy office, plenty of patients to fill a part...