Home Equity Underwriter

This is a remote position.
We are excited to share that S3 was named a Top Workplace of 2022 through the Baltimore Sun and 2023 Top Workplace in the USA as well as for leadership.
Our commitment to teamwork and a positive attitude enables us to deliver service that generates quality results for our partners.
If you join our team, we’ll invest in your learning and development through training programs designed to power your success.
S3 is a Credit Union Service Organization (CUSO) which is an organization, owned by credit unions.
We serve credit unions by supporting their operations and delivering world class service.
We support the credit union members with their loans, deposits and other financial needs to achieve their goals.
Home Equity Underwriter reviews and analyzes home equity loan applications to determine whether borrowers meet financial and creditworthiness criteria.
The Underwriter assesses the risk associated with approving a loan, evaluates the borrower’s income, credit history, employment history, debt-to-income ratio, available equity, and other important factors.
As part of the Home Equity Underwriting team, they strive to provide exceptional service to members and partners.
3 STAR Values: Service Teamwork Attitude Results Department: Home Equity Reports to: Manager, Home Equity TOP JOB RESPONSIBILITIES: Review loan applications, credit reports, and supporting documentation to analyze risk and request additional information and/or documentation as necessary.
Review income and loan documents or verify self-employed tax returns.
Monitor and manage pipeline to meet Service Level Agreements.
Review and follow up on incomplete files for initial decision.
Work in collaboration with other departments and team members.
Documenting and effectively communicating reasons for the rendered decision of loan applications to internal teams, members, or credit union partners.
Ensure compliance with regulatory and partner specific policies and guidelines.
Other responsibilities and opportunities: Validate loan data utilizing internal and external resources to include member documentation and vendor reporting.
Identify and resolve any red flags.
Evaluate property values appraisal/AVM on the subject property to determine if acceptable.
Engage with peers and other staff within the department to provide training and support.
Additional job-related projects and duties as assigned by management.
QUALIFICATIONS & SKILLS: 3 years home lending experience required; previous underwriting experience is preferred.
Thorough understanding of credit reporting and financial analysis.
Experience using a LOA/automated underwriting system preferred.
Ability to analyze personal and business tax returns and perform cash flow analysis required.
Working knowledge of home equity loan processing and pertinent legal regulations helpful.
Proficient with Microsoft Office (Word, Excel, Outlook).
Strong analytical and decision-making skills.
Strong attention to detail.
Time management skills with the ability to prioritize workload.
Strong communication skills both verbal and written.
PERKS AND BENEFITS: Group medical, dental, and vision coverage insurance Generous Paid Time Off Up to 11 Paid Holidays Per Year 401(k) With Employer Match and Discretionary Contribution Employee Referral Program Wellness Programs Peer-to-Peer Recognition Program Equal Employment Opportunity All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status.
” ADA Statement & Requirements S3 is committed to the full inclusion of all qualified individuals.
In keeping with our commitment, S3 will take steps to ensure that people with disabilities are provided reasonable accommodations.
Work Environment- This position operates in a professional office environment.
This role uses standard office equipment such as computers, phones, photocopiers, filling cabinets and fax machines.
Cognitive Requirements- Occasionally: Compile, copy and compare information.
Frequently: Motivate, lead, influence and collaborate with others both internally and externally.
Constantly: Perform basic mathematical computations.
Perform advanced or non-routine mathematical computations.
Works independently, little supervision needed.
Effectively communicate verbally and in writing.
Comprehend materials and follow instructions.
Analyze and compute information.
Problem solving and critical thinking.
Exercise good judgement/reasoning and resourcefully solve routine problems.
Organize and handle multiple tasks and prioritize.
Handle confidential/sensitive information.
Exhibit excellent customer service skills.
Physical Requirements- Constantly: Sit- Remaining in a seated position for long periods of time.
Use hand/fingers to handle and feel.
Use hands/fingers for repetitive keyboard & hand motion.
Speak coherently.
Emotional Effort- Occasional short deadlines.
The work environment is occasionally hectic with periods of high stress.
Internal/External Interaction- Steady and ongoing with occasional periods of low volume.