Temporary Mortgage Underwriter – Correspondent Loans
New
Q
Quorum Federal Credit UnionMortgage lending
100% remote within the US. Candidates must reside within the United States.ContractMiddle
Salary36.05 - 40.85 USD per hour
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Job Details
- Experience
- Minimum of four years of related experience at a credit union, bank or other financial institution.
- Required Skills
- Microsoft ExcelPowerPoint
Requirements
- Have a minimum of four years of related experience at a credit union, bank, or other financial institution.
- Have hands-on Encompass experience within the last 12 months.
- Demonstrate proficiency in mortgage loan origination systems and underwriting processes.
- Have detailed knowledge of secondary market guidelines and some knowledge of regulatory guidelines and issues.
- Comply with Mortgage Loan Originator requirements under the SAFE Act, including required background checks and obtaining a Unique Identifier from the NMLRS.
- Be proficient in Microsoft Office, specifically Word, Excel, and PowerPoint.
- A bachelor's degree in finance, business administration, or a related field is preferred.
- Have a stable internet connection suitable for video conferencing and screen sharing.
- Have a smartphone with a current iOS or Android operating system.
Responsibilities
- Review and underwrite closed loan packages from approved correspondent lenders against FNMA and internal guidelines.
- Validate income, assets, credit, and collateral documentation to determine loan eligibility.
- Check packages for completeness and consistency, including the final 1003, title policy, CD, and collateral documents.
- Review title and appraisal reports for acceptability and agency-standard compliance.
- Identify documentation discrepancies and request appropriate cures from sellers.
- Sign off loan conditions and prepare loans for purchase or suspense notification.
- Communicate loan decisions, suspense conditions, and documentation needs to correspondent sellers.
- Coordinate with secondary market, closing, and post-purchase teams to support loan flow and timely purchase.
- Maintain knowledge of agency and investor guidelines, credit policy updates, and regulatory changes.
- Support audit and sale preparation, HMDA reporting, compliance, and process-improvement efforts.
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