Description
Pen Air Credit UnionCompany Description
Since 1936 PenAir® Credit Union has been the catalyst where community, resources, and impact come together and produce a powerful force for good. We have a unique culture and we're passionate about it. Grown from the values we hold most dear, three guiding principles shape how we see the people we serve, the community around us, and our role within it. These guiding principles are Respect, Service, and Communerosity® and they're woven throughout our culture.
PenAir is where people and community, resources and expertise align with your values to create real impact. Generational impact through strong financial education and support. We care about the things you care about. As the largest and oldest credit union in Pensacola, Florida, with more than $2.5 billion in assets, our purpose is to enhance the lives of those we serve in the Florida Panhandle, Southern Alabama, and Virginia.
Careers
Do you have a passion for helping others?
Currently, PenAir provides access to 14 convenient locations in Baldwin County, AL and Escambia, Santa Rosa, and Okaloosa Counties in Florida. Join us and become a powerful force for good - after all we live, work, and play here too.
Join the team. You'll fit right in.
Take control of your future by mapping out a career at PenAir. Working with us means you can shape your professional experience to suit your dreams. We offer valuable resources that provide you the opportunity to build upon and strengthen your skills. Whether it be a career path in advising our members directly on products and services, guiding them through major purchase decisions on a home or vehicle, or even helping build the technology and processes behind the scenes, there is a place for everyone at Pen Air! Success looks different for everyone. Where will your journey take you?
The PenAir difference.
Just like we strive to be a force for good at work, Pen Air works just as hard to supply employees with a total rewards package that includes competitive salaries and meaningful benefits.
Holistic Amenities:
- Up to $15K available for continuing education
- Student Loan Paydown
- Adoption Assistance Reimbursement
- Wellness Programs
- Gym membership reimbursement
- Formal Career Development Resources
- Financial Wellness Resources
- Purchase assistance with computers and fitness equipment.
Benefits Package Highlights:
- Generous PTO Plan—20 days for new hires
- Paid Maternal & Parental Leave
- Competitive Retirement Plan
- Competitive medical, dental & vision plans
- Company paid Telehealth services.
- Company paid Short Term Disability
- And more……….!
The starting pay for this position is $32.51-$36.57 per hour, depending on experience.
About the role:
The primary function is to ensure the timely and accurate underwriting of HE Loans, HELOC, Conventional, Government (FHA/VA), Construction and Unimproved/Land loans in accordance with PenAir and secondary market guidelines - according to specific state and federal requirements that properly manage risk. Verify the validity of the information provided while maintaining a working knowledge of all services and operations of the credit union.
Major Duties and Responsibilities:
- Analyze mortgage and home equity loan applications to verify that application data is complete.
- Audit all loan documents required to support the application such as income, assets, and credit criteria to confirm loan eligibility.
- Determine the acceptability and marketability of the real estate property to ensure there is sufficient collateral to secure the loan.
- Review/understand effects of contracts related to real estate, such as age restrictions, HOAs, etc.
- Adherence to investor requirement with or without an automated underwriting system.
- Analyze exceptions and rejections; recommend alternative mortgage products that could bring the loan within guidelines.
- Work closely and collaboratively with loan originator and processor to ensure all appropriate data and required documentation is obtained.
- Analyzes all construction-to-permanent loans.
- Builder approval and recertification.
- Develops cost to construct.
- Verifies all contracts for total cost to construct.
- Reviews all increase, decrease, and modification decision approvals.
- Prepare adverse action (loan disapproval) notifications, with awareness of the compliance provisions of the regulatory agencies.
- As needed, submits exception requests as specified in the PenAir Credit Union Loan Policy.
- Aids in quality control findings and resolutions.
- Completes necessary training as required to stay current on all regulations/guidelines and policies/procedures.
- Performs other job-related duties as assigned.
Minimum Qualifications:
Experience
- Five years to eight years of similar or related experience, including preparatory experience.
Education/Certifications/Licenses
- A high school degree or equivalent. Must have a valid driver's license and acceptable driving history.
Interpersonal Skills
- The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust. Obtaining cooperation and agreement on important outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position.
Other Skills:
- Experience in underwriting or a related role involving the review and analysis of loans.
- Strong understanding of mortgage and equity loan processing, closing, documentation requirements, and applicable regulations.
- Solid understanding of the underwriting process, including relevant criteria, guidelines, and regulatory requirements.
- Working familiarity with tax return and balance sheet review.
- Clear and professional verbal and written communication skills.
This Job Description is not a complete statement of all duties and responsibilities comprising the position.
All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, age, marital status, pregnancy, genetic information, or other legally protected status
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