Residential Underwriter

In this role, you will be responsible to review and underwrite residential loan applications of different levels of complexity in a high-volume setting. Complete loan applications while being in compliance and adherence with the credit union and secondary market guidelines. 

• Underwrite residential loans such as First Mortgages and Home Equity Loans in compliance with the credit union and secondary market guidelines and render final credit decisions accordingly.
• Examine loan disclosures and documentation for accuracy and completeness and work with other teams like loan originators, processing staff, third-party vendors and members to secure required documents needed to analyze the creditworthiness of the borrower.
• Review property title reports and identify and clear unpaid liens and/or judgments and assist with re-negotiations of loans based on counter offers.
• Review financial statements, credit reports and applicable income documentation to determine debt ratios.
• Review Automated Valuation Models (AVMs) and Appraisals to determine the acceptability of collateral.
• Evaluate and examine transactions to ensure accuracy and adherence to credit union guidelines.
• Work with internal and external members and business partners to gather information to make appropriate decisions and explain the rationale behind credit decisions.
• Meet departmental goals for productivity, quality and turnaround time.

Education:

• High School or Equivalent - Minimum
• Bachelors Degree - Business, Finance or Related - Preferred

Years of Experience:

• 3 Years - Underwriting, residential/consumer loan or related - Minimum

Compensation & Benefits:

Typical hiring range:‏‏‎ ‎$76,500‏‏‎ ‎-‏‏‎ ‎$108,050 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge. 

Additional Compensation: Annual Performance Bonus

‎Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.

Additional Benefits:

• Work from home up to 3 days a week
• Paid parental leave
• Employee discount programs
• Time off including paid personal and sick days
• 11 paid holidays 
• Education reimbursement

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.