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Company: Suffolk Federal Credit Union
Location: Medford
Posted on: May 3, 2021

Job Description:

Stop looking for a job. Build a career at Suffolk Federal where We See It Too!

As a leader in the Credit Union industry, Suffolk Federal offers superior value, unique products and personal service so our members have access to the best banking solutions around. And, just as we value our members, we value our employees!


  • Analyze financial data related to loan requests.
  • Evaluate loan documents to insure accuracy and completeness.
  • Perform risk assessments on potential loan recipients based on credit rating, borrowing history, and other specific factors risk.
  • Ensure Secondary Market Guidelines are met, or appropriate loan exception procedures are met.
  • Record loan denials and specific basis for declining application.
  • Run and review Mavent to ensure loan is compliant and AUS for loan parameter approval
  • Provide loan Commitment and Clear to Close to borrower.
  • Monitor and report noncompliance with loan covenants.
  • Review for all borrower memberships or eligibility as it pertains to SFCU loan policy
  • Utilize Encompass 360 for notes, conditions and milestones
  • Utilize XP2 to check for notes and conditions regarding consumer loans, i.e. Home Equities and HELOCS.
  • Review appraisal for adherence to guidelines.
  • Review title for proposed loan amount, insured names and address coincide with loan parameters
  • Utilizes Suffolk Federal and vendor training materials, reference tools and other resources to provide accurate and up-to date loan program/policy information to both external and internal business partners
  • Responsible to update appropriate HMDA reportable information pertaining to the individual loan
  • Maintain member relationships and provide superior member service.
  • Assist with technical underwriting issues and questions.
  • Review loan documentation and vendor reports to identify signs of fraudulent activity.
  • Assist supervisor with developing and implementing underwriting policies and procedures.

Essential Skills:

As a Mortgage Underwriter you must use applied knowledge of underwriting fundamentals and standard industry practices. Understand the basic financial principles and processes, have knowledge of federal, state, and local regulatory requirements and secondary market guidelines. Ability to maintain confidentiality, and have strong analytical skills and attention to detail. In addition to having excellent communication and negotiation skills and the ability to multitask and work under pressure to meet strict deadlines.


  • High school degree or equivalency required
  • 3-5 years of underwriting or credit and risk analysis experience
  • Must be versed in FNMA, FHLMC underwriting guidelines
  • Experience with underwriting automation tools preferred
  • Experience with Encompass LOS and secondary market platform preferred
  • Demonstrated proficiency with Microsoft Office (Excel, Outlook)

Join our team and discover a rewarding career! We offer competitive salaries, great benefits, and most importantly the opportunity to make a difference.

Suffolk Federal is an Equal Opportunity Employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, nation origin, veteran or disability.

Job Posted by ApplicantPro

Keywords: Suffolk Federal Credit Union, Westport , Writer, Other , Medford, Connecticut

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