Underwriter

Chevron Federal Credit Union is one of the top-run credit unions in the country – and one of the largest, with $5 billion in assets. Yet our corporate culture is not stuffy: the Team Spirit Committee runs fun activities and charitable events throughout the year, and work-life balance, mutual respect, diversity, and providing a voice for every employee are all important to us. As you might imagine, we provide competitive pay and great benefits, including:

• Bonus/incentives for all regular employees
• 401(k) with 8% company contribution
• Medical, dental, and vision insurance for employees and dependents paid at 80%
• PTO and paid sabbaticals
• Tuition reimbursement

GENERAL SUMMARY

Underwrites all residential real estate loan products ensuring adherence to the appropriate company or investor guidelines. Uses loan origination software to extract key information from multiple loan documents to assess a loan’s compliance with all applicable federal, state, municipal, and Credit Union regulatory bodies. Reviews loan documentation for accuracy and completeness. Provides work direction and training to others including, but not limited to, loan officers, loan closers, and colleagues in other departments.

POSITION REQUIREMENTS

EXPERIENCE and EDUCATION

• 3 to 5 years’ related residential mortgage underwriting experience
• Associate’s degree
• Equivalent combination of education and experience may substitute for stated

KNOWLEDGE and SKILLS

• Demonstrated knowledge of conventional and governmental A and B credit quality loans with a financial institution.
• Ability to write and speak effectively in English using correct spelling and
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Basic math skills including the ability to compute rates, ratios, and percentages using a 10-key.
• Clear understanding of the loan origination, loan processing, and closing
• Demonstrated understanding of how to calculate income for all types of borrowers, handle complex tax returns and related financial statements, analyze various sources of funds, and interpret credit agency and similar reports to establish creditworthiness of the borrowers. Ability to calculate figures and amounts such as loan payments, discounts, interest, commissions, and percentages.
• Familiarity with FNMA manual and Desktop Underwriter guidelines for conforming loans a plus.
• Exceptional computer skills are required. Must be able to use the Credit Union's computer system for input/output transactions, including, but not limited to, retrieval of information, printing out individual statements of account, entering data, updating information, special access to certain fields, and general maintenance of the credit and collection financial and ancillary records.
• Knowledge of Desktop Underwriter (DU) and Blue Sage LOS a
• Ability to utilize on-screen loan origination software provided by the Credit Union or by a stand-alone personal computer system that accomplishes the same or a similar
• Ability to apply concepts of basic algebra, fractions, percentages, ratios, and proportions to practical situations. Ability to train others on these mathematical skills.
• Proficient in the use of basic applications in a Windows-based environment, including Outlook, Word, and Excel. Moderate keyboard skills at 40 wpm.
• Excellent customer service

COMPETENCIES

• Ability to learn quickly and adapt to change; ability to quickly learn specialized applications and systems.
• Initiative and self-
• Ability to effectively communicate and collaborate with people at all
• Sound problem-solving and decision-making ability, including the ability to
• Ability to understand and align with our core competencies through daily projects and tasks:

PHYSICAL DEMANDS

• Work involves extensive use of computers, up to eight hours per Appropriate vision, dexterity, and other physical abilities are required.
• May include occasional pushing, pulling, or carrying objects weighing up to 20
• Must be able to speak and present on the telephone and/or through digital means of communication, including but not limited to Zoom/Teams/or other video

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

SALARY AND BENEFITS:

Salary is based on qualifications and geographical location (Zone). Benefit information can be located on our Careers page here: https://www.chevronfcu.org/about-us/careers 

Zone 1: $38.43 - $52.83

Zone 2: $34.97 - $48.08

Zone 3: $32.28 - $44.38

Zone 4: $30.74 - $42.27

This position participates in the Mortgage Lending Incentive Plan. Incentive compensation is based on a combination of quarterly production performance and semi-annual member satisfaction and quality metrics. Total annual incentive opportunity ranges from 0% to 8% of eligible compensation. Incentive payments are discretionary and subject to plan terms.

EQUAL EMPLOYMENT OPPORTUNITY STATEMENT:

Chevron Federal Credit Union (CFCU) is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status. CFCU participates in E-Verify.

If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact us at 800-232-8101 for assistance.

CFCU Is CPRA Compliant for California Employees and Applicants, to review the Notice at Collection, click here. To submit a request, please refer to the Careers page for the CPRA Request Form.

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