Real Estate Underwriter

Under the direction of the Real Estate Operations Manager, the Real Estate Underwriter supports the Real Estate loan process and loan quality control. This individual thoroughly reviews and decisions Home Equity Line of Credit (HELOC) loans upon initial application and prior to loan closing, and approves loans in accordance with the designated approval authority limits. The Real Estate Underwriter responsibly reviews and underwrites residential real estate loans in compliance with all applicable state and federal regulatory laws, internal policy, and guidelines, and ensures real estate portfolio integrity by auditing and re-underwriting mortgage, home equity and HELOC loans.

Schedule: Full-Time position working during the business hours between 8:00AM-5:00PM Monday through Friday onsite at our headquarters in Austin, TX.

Main responsibilities:

• Objectively review and evaluate information on initial HELOC applications and supporting documentation for borrowers to determine if the buyer and loan conditions meet applicable guidelines, rules and regulations.
• Approve or reject HELOC loan applications through fair and equitable decision-making. Request additional information, following assigned real estate underwriting guidelines and procedures, as needed.
• Ensure the HELOC loan file is complete, accurate and adheres to the applicable guidelines prior to moving the loan to real estate closing personnel.
• Maintain open communication with Processing personnel to ensure loan conditions are clear prior to decisioning the HELOC loan.
• Analyze, evaluate and make recommendations to management for HELOC loan requests that are high in risk and are beyond approval authority limits.
• Thoroughly audit real estate loan files validating that they are complete, accurate and compliant with applicable rules and regulations.
• Escalate issues to the RE Operations Managers, as necessary.
• Work collaboratively and communicate directly with staff and third-party partners to maintain and grow relationships.
• Establish a relationship with Texas Mortgage Lending (TML) staff to facilitate loan quality control audits.
• Maintain knowledge of real estate lending trends, developments and regulatory requirements.
• Ensure that HELOC applicants are treated in a fair, legal, and consistent manner.
• Prepare reports for management, as needed.
• Perform other duties as assigned.

Here is what you will bring to our Real Estate Team:

Minimum Qualifications

• Associates degree or some college coursework in Business Administration, Finance, Real Estate, or related field.
• Minimum 1 year of demonstrated loan processing or underwriting experience in a high-volume pipeline within in a financial institution or other related industry.
• Minimum 1 year of demonstrated experience with Conventional (Fannie Mae, Freddie Mac), and Texas 50(a)6 Home Equity lending.
• Knowledge of the principles and practices of effective real estate lending and processing requirements.
• Demonstrated experience processing complex, detailed information in an accurate and thorough manner.
• Understanding of MS Office Suite with advanced technical and computer skills; ability to navigate quickly and accurately within various computer programs.
• Strong attention to detail and ability to multi-task, prioritize, and adapt.Verbal and written communication skills with the ability to work collaboratively and supportively with individuals, groups, management, and other organizational units to achieve business goals and objectives.

Preferred Qualifications

• Bachelor's degree from an accredited college or university in Business Administration, Finance, Real Estate, or related field.
• 2+ years of mortgage lending experience in a financial institution or related industry with responsibilities from initial review to closing.
• Demonstrated knowledge of key terms and functions specific to the mortgage loan life cycle, including approval of a new loan to the preparation of closing documents.
• Knowledge of credit union products and services.

About United Heritage Credit Union:

The Credit Union was established in 1957 as an Austin-based credit union, and over 65 years later we continue to serve communities in Central Texas, Austin and Tyler communities, as well as those that live in the rest of Texas through TXCC membership. Through innovative technology, exemplary service standards and competitive products, United Heritage continues to be a strong force in the credit union industry. UHCU has over $1.7 billion in assets, more than 78,000 members, 11 branch locations, and approximately 270 employees. We are a full-service financial institution whose vision is "To be your primary financial institution." Being part of our credit union means being part of our community.

UHCU Offers:

• Competitive Benefits Package
• 401(k) options (Pre-Tax or Roth)
• Generous paid time off (PTO)
• Tuition Reimbursement Program

Important Note: We take hiring very seriously. Interviewing at UHCU may include phone interviews, as well as 1st & 2nd round interviews. We are unable to follow-up with each and every applicant, but we do our best to run a thorough process for candidates whom we identify as a potential fit. We will be sure to contact you if that is the case!