Zeal Credit Union
  • Mortgages
  • Livonia, MI, USA
  • Full Time

Health, Dental, Vision, 401K, PTO/Sick Time, 11 paid holidays


Are you ready for a career that will provide you with a good work-life balance, a great family atmosphere, paid time off, a great company culture, and paid holidays?  Do you enjoy interacting with community members and building trusted relationships?  Here at Zeal Credit Union we offer the ability to do just that, and much more.

About Zeal Credit Union:

At Zeal Credit Union, we are passionate about our members and we work hard every day to help them achieve their financial goals.  Working at Zeal isn't just a job or a career; working at Zeal is a calling.  So, what does it take to work at Zeal Credit Union? It takes Character, Empathy and Passion.  These aren't just words to us; they are the core elements of our brand and the principles that guide everything we do. 

The Opportunity:

We are looking for a Mortgage Under Writer to join our family here at Zeal Credit Union.

If you have the qualifications listed below this job might be just right for you:

Essential Functions:

  • Assumes responsibility for reviewing appraisals and ensuring that determined values are well documented.
    • Evaluates and assesses the collateral and capacity of mortgage loans.
    • Ensures that properties do not need repairs.  Sets conditions for inspections if repairs are needed.
    • Reviews comparables to ensure they meet the guidelines for adjustments.
    • Reviews appraisals and ensures that risks are appropriate and meet all guidelines of the applicable loan type.
  • Assumes responsibility for accurately evaluating the credit worthiness of potential borrowers.
    • Evaluates applicant's employment history.  Ensures that the probability of continued employment is good.  Verifies at least two years of employment history and ensures that all income used in qualifying is expected to continue for at least 5 years.  Evaluates likelihood of job tenure.  Assesses overtime, bonuses, and commissions used to qualify.  Analyzes tax returns and balance sheets of self-employed applicants.
    • Evaluates the adequacy of the applicant's income and the probability that the member will be able to meet expected financial obligations.  Assesses family support requirements.  Compares previous housing expenses with proposed expenses.  Examines income trends and determines possibilities for increased income in future years.
    • Assesses potential borrower's assets.  Ensures that assets meet closing requirements, are derived from acceptable sources, and that acceptable levels of reserves will remain after closing.
    • Reviews borrower's credit.  Reviews the manner in which obligations have been met and financial affairs managed.  Investigates derogatory credit.  Ensures that all previous mortgage histories are rated, and all debts are appropriately listed and rated.
    • Orders private mortgage insurance in compliance with PMI guidelines.
    • Completes all underwriting functions in accordance with various program requirements, Credit Union standards, and related legal and regulatory requirements.
    • Completes related documentation and reports.  Maintains files and ensures their completeness.
    • Ensures that all lending conditions have been satisfactorily met prior to closing.  Ensures the marketability of closed loans and the safety of Credit Union assets.
  • Assumes responsibility for establishing and maintaining effective communication and coordination with Credit Union personnel and with management.
  • Assumes responsibility for establishing and maintaining professional working relations with members and external lending professionals and governmental agencies.

Qualifications:

Required:

  • Minimum of 2 years' related experience
  • High School diploma or G.E.D.
  • Strong Teamwork skills

Preferred:

  • Exceptional verbal and written communication skills
  • Excellent presentation skills
  • Outstanding interpersonal and motivational skills
  • Excellent planning skills
  • Ability to work independently with little or no supervision

We are an Equal Opportunity Employer.  We do not discriminate on the basis of race, religion, color, sex, age, national origin or disability.

Zeal Credit Union
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