Jr. Mortgage Underwriter
Why You’ll Love Working at Quorum
At Quorum Federal Credit Union, we are a cutting-edge credit union that operates as a technology company, delivering innovative financial solutions to our members. As a remote organization, we thrive on collaboration and recognize outstanding performance. We are the ideal workplace for self-motivated individuals who are committed to organizational success and eager to join a dynamic team of professionals. We stand out as a best-in-class employer, offering a unique and supportive work environment that fosters personal and professional growth. Our culture is built on valuing teamwork, recognizing achievements, and providing the tools and resources needed to excel. If you are looking for a place where you can make a meaningful impact, enjoy a flexible and fulfilling work experience, and be part of a forward-thinking team, Quorum Federal Credit Union is the perfect fit for you.
How You’ll Make an Impact
As a Jr. Mortgage Underwriter you will be responsible for underwriting first and second mortgages within allocated approval authority, working closely with the Loan Officers and Loan Processors. This position requires the ability to work in a fast-paced environment, strong time management and communication skills, and attention to detail.
What You’ll Be Doing
Assures that all mortgage loan files are underwritten (within level of authority) in compliance with secondary market guidelines, specific program guidelines, Credit Union policies, and regulatory requirements.
Supports initial underwriting reviews outside of authority limits, by performing preliminary review to structure and prepare file. In addition, once file is conditionally approved, reviews and updates file to issue most up-to-date Conditional Approval letter to the borrower and broker partner.
Supports and/or performs final underwriting reviews, evaluating support for required conditions and clearing within approval authority.
Monitor pipeline daily to identify files ready for disposition (withdrawal or denial), ensuring accurate selection and within regulatory requirements.
Generates and/or ensures timely generation of required documentation, notices and disclosures.
Reviews and evaluates loans to ensure data integrity of the loan files throughout.
Monitors daily mortgage pipeline to identify areas that require intervention in order to expedite the mortgage process and takes action accordingly.
Works with outside vendors and service providers to facilitate the loan process.
Supports and fulfills Management requests related to audit preparation, sale preparation, HMDA reporting and more.
Functions as a business lead on departmental or organization wide projects. Contributes expertise in his/her assigned area and executes certain deliverables on the project.
Actively works with management and staff seeking process improvements to automate and/or streamline operations and maintain adequate controls.
Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners and vendors.
Keeps abreast of industry developments including, but not limited to changes in regulations and technology.
Ensures adherence to company policies and procedures and Banking/Credit Union Regulations.
Performs additional duties as required.
What You Bring to the Team
Bachelor’s degree in finance, business administration or other related degree preferred; will consider experience in lieu of degree
Minimum of two years of related experience at a credit union, bank or other financial institution.
Must have hands-on experience with Encompass within the last 12 months, demonstrating proficiency in mortgage loan origination systems and underwriting processes.
Knowledge of mortgage process from origination to post-closing.
Excellent problem-solving, organizational, analytical, verbal and written communication skills.
Strong decision making and time management skills with the ability to manage multiple projects/duties.
Results driven, service oriented, self-motivated and able to work independently.
Detailed knowledge of secondary market guidelines. Some knowledge of regulatory guidelines and issues.
Comply with all requirements for Mortgage Loan Originators set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS.
Trustworthy with the ability to maintain highest level of integrity and trust.
Proficiency in Microsoft Office, specifically Word, Excel and PowerPoint. Related experience with loan origination systems.
Tools & Work Environment
Stable internet connection with speeds high enough for video conferencing and screen sharing
Smartphone with current iOS/Android OS
Prolonged periods sitting at a workstation and working on a computer
Ability to communicate with coworkers and customers via email, chat, teleconference, and/or phone
Where You Can Work
Candidates must reside within the United States. We are not able to consider applicants who reside in Montana, Nebraska, Rhode Island, or Puerto Rico.
Quorum's opportunities are based in the U.S., and U.S. work authorization is required. We are not able to provide current or future sponsorship.
Compensation & Rewards
Compensation for this role is $26.92 - $31.73 per hour with the potential for discretionary incentive compensation based on both company and individual performance.
Benefits That Support You
Excellent health insurance packages with a Health Reimbursement Account option
Life, AD&D, Short-Term Disability and Travel Insurance
401k plan with company match dollar for dollar up to 6 percent*
Generous time-off policy with paid time off (PTO), volunteer time off (VTO), birthday PTO, and company-observed holidays
Monthly stipend for wellness activities and mental health*
Tuition reimbursement
Pet Benefits, including insurance, discounts, “pawternity” PTO day, and more
Bonus/commission plan for qualifying roles
Employee perks (including mortgage discounts!)
PTO purchase and sell-back programs
Rewards and peer recognition programs
Trust-based, out-come oriented remote work environment for most roles
*After 6 months of service
Important Compliance Information
Quorum is an Equal Employment Opportunity employer. Qualified applicants will be considered for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, marital status, protected veteran status, or disability status.
Quorum will make reasonable accommodations in compliance with the Americans with Disabilities Act of 1990. Reasonable accommodations are available upon request for applicants and/or employees with qualifying disabilities throughout the application and employment process.
Qualified Applicants with arrest or conviction records will be considered for employment in accordance with all applicable federal, state, city and local laws, rules, and regulations.
This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employee(s) will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. The company reserves the sole right and discretion to make changes to this job description.
Each employee is required to uphold the Credit Union's compliance with all policies, procedures, and required regulations including the Bank Secrecy Act and our Anti-Money Laundering policy.
This document does not create an employment contract, implied or otherwise, other than an "at-will" relationship.
Apply Now
At Quorum Federal Credit Union, we are a cutting-edge credit union that operates as a technology company, delivering innovative financial solutions to our members. As a remote organization, we thrive on collaboration and recognize outstanding performance. We are the ideal workplace for self-motivated individuals who are committed to organizational success and eager to join a dynamic team of professionals. We stand out as a best-in-class employer, offering a unique and supportive work environment that fosters personal and professional growth. Our culture is built on valuing teamwork, recognizing achievements, and providing the tools and resources needed to excel. If you are looking for a place where you can make a meaningful impact, enjoy a flexible and fulfilling work experience, and be part of a forward-thinking team, Quorum Federal Credit Union is the perfect fit for you.
How You’ll Make an Impact
As a Jr. Mortgage Underwriter you will be responsible for underwriting first and second mortgages within allocated approval authority, working closely with the Loan Officers and Loan Processors. This position requires the ability to work in a fast-paced environment, strong time management and communication skills, and attention to detail.
What You’ll Be Doing
Assures that all mortgage loan files are underwritten (within level of authority) in compliance with secondary market guidelines, specific program guidelines, Credit Union policies, and regulatory requirements.
Supports initial underwriting reviews outside of authority limits, by performing preliminary review to structure and prepare file. In addition, once file is conditionally approved, reviews and updates file to issue most up-to-date Conditional Approval letter to the borrower and broker partner.
Supports and/or performs final underwriting reviews, evaluating support for required conditions and clearing within approval authority.
Monitor pipeline daily to identify files ready for disposition (withdrawal or denial), ensuring accurate selection and within regulatory requirements.
Generates and/or ensures timely generation of required documentation, notices and disclosures.
Reviews and evaluates loans to ensure data integrity of the loan files throughout.
Monitors daily mortgage pipeline to identify areas that require intervention in order to expedite the mortgage process and takes action accordingly.
Works with outside vendors and service providers to facilitate the loan process.
Supports and fulfills Management requests related to audit preparation, sale preparation, HMDA reporting and more.
Functions as a business lead on departmental or organization wide projects. Contributes expertise in his/her assigned area and executes certain deliverables on the project.
Actively works with management and staff seeking process improvements to automate and/or streamline operations and maintain adequate controls.
Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners and vendors.
Keeps abreast of industry developments including, but not limited to changes in regulations and technology.
Ensures adherence to company policies and procedures and Banking/Credit Union Regulations.
Performs additional duties as required.
What You Bring to the Team
Bachelor’s degree in finance, business administration or other related degree preferred; will consider experience in lieu of degree
Minimum of two years of related experience at a credit union, bank or other financial institution.
Must have hands-on experience with Encompass within the last 12 months, demonstrating proficiency in mortgage loan origination systems and underwriting processes.
Knowledge of mortgage process from origination to post-closing.
Excellent problem-solving, organizational, analytical, verbal and written communication skills.
Strong decision making and time management skills with the ability to manage multiple projects/duties.
Results driven, service oriented, self-motivated and able to work independently.
Detailed knowledge of secondary market guidelines. Some knowledge of regulatory guidelines and issues.
Comply with all requirements for Mortgage Loan Originators set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS.
Trustworthy with the ability to maintain highest level of integrity and trust.
Proficiency in Microsoft Office, specifically Word, Excel and PowerPoint. Related experience with loan origination systems.
Tools & Work Environment
Stable internet connection with speeds high enough for video conferencing and screen sharing
Smartphone with current iOS/Android OS
Prolonged periods sitting at a workstation and working on a computer
Ability to communicate with coworkers and customers via email, chat, teleconference, and/or phone
Where You Can Work
Candidates must reside within the United States. We are not able to consider applicants who reside in Montana, Nebraska, Rhode Island, or Puerto Rico.
Quorum's opportunities are based in the U.S., and U.S. work authorization is required. We are not able to provide current or future sponsorship.
Compensation & Rewards
Compensation for this role is $26.92 - $31.73 per hour with the potential for discretionary incentive compensation based on both company and individual performance.
Benefits That Support You
Excellent health insurance packages with a Health Reimbursement Account option
Life, AD&D, Short-Term Disability and Travel Insurance
401k plan with company match dollar for dollar up to 6 percent*
Generous time-off policy with paid time off (PTO), volunteer time off (VTO), birthday PTO, and company-observed holidays
Monthly stipend for wellness activities and mental health*
Tuition reimbursement
Pet Benefits, including insurance, discounts, “pawternity” PTO day, and more
Bonus/commission plan for qualifying roles
Employee perks (including mortgage discounts!)
PTO purchase and sell-back programs
Rewards and peer recognition programs
Trust-based, out-come oriented remote work environment for most roles
*After 6 months of service
Important Compliance Information
Quorum is an Equal Employment Opportunity employer. Qualified applicants will be considered for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, marital status, protected veteran status, or disability status.
Quorum will make reasonable accommodations in compliance with the Americans with Disabilities Act of 1990. Reasonable accommodations are available upon request for applicants and/or employees with qualifying disabilities throughout the application and employment process.
Qualified Applicants with arrest or conviction records will be considered for employment in accordance with all applicable federal, state, city and local laws, rules, and regulations.
This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employee(s) will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. The company reserves the sole right and discretion to make changes to this job description.
Each employee is required to uphold the Credit Union's compliance with all policies, procedures, and required regulations including the Bank Secrecy Act and our Anti-Money Laundering policy.
This document does not create an employment contract, implied or otherwise, other than an "at-will" relationship.
Apply Now