Mortgage Underwriting Manager

Join TTCU Federal Credit Union as our next Mortgage Underwriting Manager and lead a team dedicated to delivering outstanding service and sound lending decisions. In this role, you'll oversee the underwriting process, ensure regulatory compliance, and support strategic growth in our mortgage portfolio. We're looking for an experienced leader who thrives in a fast-paced environment and is passionate about mentoring others, maintaining quality standards, and driving process improvements. Come be part of a mission-driven organization that values integrity, innovation, and putting members first.

Supervises: All Mortgage Underwriters

Essential Job Functions and Responsibilities:

• Manage Mortgage Underwriters to ensure members are serviced in a quality manner and in accordance with TTCU policy. Resolve problems and troubleshoot processing issues and member complaints in a manner that ensures quality service to members while protecting the financial interest of TTCU. Maintain compliance with all federal regulatory laws and secondary investor guidelines.
• Supervise direct reports to maximize productivity, efficiency, and the potential of the human assets of TTCU, including: hiring, directing job assignments, monitoring staff performance, coaching, counseling and training.
• Underwrite all first and second mortgage loan applications in compliance with regulatory agencies and according to FHA, Freddie/Fannie, VA, USDA and FHLB guidelines in addition to TTCU portfolio guidelines. Underwriters shall make an assessment of risk per file and make a determination of approval or denial per application. Must complete the underwriting checklist accurately and clearly define any conditions needed prior to closing and/or funding conditions.
• Review appraisal to ensure that collateral is within the specific guideline required by both TTCU and any secondary investor. Underwriters are expected to require conditions on any substandard appraisal including but not limited to: additional comparable properties, discrepancy revisions and in select cases whole new appraisals. All underwriting decisions shall be final and only overturned by the Vice President of Lending, Director of Underwriting, or the Credit Manager.
• Review all title commitments to ensure all liens and encumbrances are properly disposed of; ensure title policy amounts are equal to the loan amount granted; and review tax and homeowners insurance costs are calculated correctly for debt to income and other guideline requirements.
• 
  

  Submit loan applications greater than 80% to appropriate Private Mortgage Insurance (PMI) companies and ensure all PMI conditions are within the file prior to issuing a Clear to Close.

  
  

MINIMUM QUALIFICATIONS:

• 
  

  Bachelor's degree in Business or a related field required

  
  
• 
  

  Formal training or certification in mortgage underwriting required

  
  
• 
  

  Eligible to obtain qualification through the Nationwide Mortgage Licensing System (NMLS)

  
  
• 
  

  3-5 years of lending experience in a decision-making capacity

  
  
• 
  

  3-5 years of experience in loan underwriting and processing

  
  
• 
  

  Proficient in processing and/or closing FHA, VA, FHLMC, FNMA, Section 184, and USDA loans

  
  
• 
  

  Demonstrated ability to read and interpret credit reports with accuracy

  
  

Why TTCU Federal Credit Union?

We offer a competitive salary, comprehensive benefits, and a supportive work environment where your contributions make a meaningful impact. Join us in helping our members achieve financial success!