Equity Underwriter - Pensacola, FL

About the position

The Equity Underwriter position at TEKsystems involves evaluating and underwriting equity loans for a Fortune 100 Credit Union. The role requires analyzing loan documentation to ensure compliance with state and federal regulations while minimizing risk exposure to the mortgage portfolio. The position operates under minimal supervision and requires strong judgment in decision-making and problem-solving.

Responsibilities
• Analyze mortgage loan information on loan documents such as income, assets, and credit criteria to confirm loan eligibility based on Navy Federal guidelines as well as adherence to investor requirements.
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• Analyze exceptions and rejections; recommend alternative mortgage products that could bring the loan within guidelines.
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• Analyze self-employed borrower income documentation.
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• Approve equity loans and authorize loan disbursements based on a complete analysis of submitted documentation and applicable rules and regulations.
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• Determine the acceptability and marketability of the real estate property to ensure there is sufficient collateral to secure the loan.
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• Prepare and present counter-offers on marginal loans; prepare adverse action (loan disapproval) notifications, with awareness of the compliance provisions of the regulatory agencies.
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• Work closely and collaboratively with loan originator and processor to ensure all appropriate data and required documentation is obtained.
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• Review/understand effects of contracts related to real estate, such as age restrictions, HOAs, etc.
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• Maintain current knowledge of all equity products and any changes to guidelines by credit union, investor, or government agencies that impact the processing of mortgage loan products.
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• Assist in the ongoing maintenance of online underwriting manuals.
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• Exercise judgment and discretion to analyze and solve more complex or unusual problems; assess issues; may modify processes and procedures and develop alternate courses of action to complete work.

Requirements
• Significant (minimum 5 years) mortgage underwriting experience.
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• Demonstrated in-depth knowledge of underwriting principles, secondary market (FNMA and FHLMC) and/or government (FHA/VA) guidelines, and relevant regulatory requirements.
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• Strong organization skills and ability to handle multiple tasks simultaneously with a high degree of accuracy in a high volume, fast-paced environment.
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• Strong verbal, written, and interpersonal communication skills to include experience counseling, negotiating, or explaining decisions to members and vendors.

Nice-to-haves

Benefits

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