Job Description

To evaluate and underwrite all mortgage loan types offered by Navy Federal Credit Union (NFCU) according to specific state and federal requirements to limit the risk exposure to NFCU's mortgage portfolio. To analyze required loan documentation and information presented in the mortgage loan request, to condition and make appropriate loan decisions based on the acceptability of the credit risk using established guidelines of NFCU, secondary market investors, and applicable state and government regulations. Works on assignments requiring judgment in resolving issues or making recommendations. Identifies key issues and patterns. Takes a broad perspective to solve problems. Works under minimal supervision. Assist in leading tasks requiring moderate to advanced analysis.

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

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Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position.

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

• 3 years of experience in underwriting or equivalent related experience reviewing and analyzing loans
• Advanced knowledge of mortgage/equity loan processing, closing and documentation requirements and regulations
• Advanced knowledge of underwriting process and understanding of applicable criteria, guidelines, rules and regulations
• Working knowledge of tax return and balance sheet analysis
• Effective database and presentation software skills
• Effective organizational, planning and time management skills
• Effective research, analytical, and problem solving skills
• Effective skill conducting complex business financial analysis
• Effective skill exercising initiative and using good judgment to make sound decisions
• Effective skill making effective presentations to groups of various sizes
• Effective verbal and written communication skills
• Effective word processing and spreadsheet software skills

Desired Qualification(s)

• VA SAR

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 9001 Airport Freeway, North Richland Hills, Texas 76180 

• 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 requirement with or without independent scoring systems
• Analyze exceptions and rejections; recommend alternative mortgage products that could bring the loan within guidelines
• Analyze self-employed borrower income documentation
• Approve mortgage loans and authorize loan disbursements based on a complete analysis of submitted documentation and applicable rules and regulations
• Determine the acceptability and marketability of the real estate property to ensure there is sufficient collateral to secure the loan
• Prepare and present counter-offers on marginal loans; prepare adverse action (loan disapproval) notifications, with awareness of the compliance provisions of the regulatory agencies
• Review/understand effects of contracts related to real estate, such as age restrictions, HOAs, etc.
• Work closely and collaboratively with loan originator and processor to ensure all appropriate data and required documentation is obtained
• Participate in mentoring sessions for Mortgage Processors, Mortgage Closers and Mortgage Loan Officers
• Maintain current knowledge of all NFCU mortgage products and any changes to guidelines by NFCU, investor, or government agencies that impact the processing of mortgage loan products
• Collaborate with training team to maintain the on-line manual to ensure all guidelines are conveyed accurately and consistently
• Perform secondary review of loans that are suspended and/or declined
• Perform other duties as assigned