Home Loan Underwriting - Sr Home Loan Government Underwriter
Golden 1 Credit Union, Sacramento, CA, United States
JOB TITLE:
Senior Home Loan Government Underwriter
DEPARTMENT:
Home Loan Underwriting
STATUS:
Non-Exempt
JOB CODE:
1836
PAY SCALE:
$49.55 - $52.00 Hourly
General Description Responsible for the evaluation and qualification of Government loans inclusive of FHA, VA, USDA and down payment assistance program(s) for compliance with the requirements of the applicable agency; hold and maintain direct endorsement certification with HUD, VA LAPP/ SAR designation. Also responsible for the review of conforming and non-conforming mortgages as well as equity loan applications to determine compliance with applicable state and federal regulations, investor guidelines and credit union standards. Review and analyze submitted loans for capacity, capital, collateral, character and condition while upholding fair lending practices. This includes ensuring that loan requests meet program and product specifications or counteroffer to a product and/or program when appropriate. Communicate decision (approval, counteroffer, suspense, denial) to applicable individuals within the department. Manage application turn time by executing credit decision according to the measurement set by department manager; meet targets. Support Underwriters, Processors and Home Loan Advisors as needed with scenarios and loan structuring.
Tasks, Duties, Functions
Underwrite loan files received daily according to Federal Housing Administration (FHA), Veteran Affairs (VA), US Department of Agriculture (USDA), agency, investor and credit union policy and procedures.
Originate and validate FHA and VA insured loans utilizing the U.S. Department of Housing and Urban Development’s (HUD) direct online system, FHA Connection and VA Portal, as applicable.
Review and sign off underwriting conditions in accordance to credit union policy while maintaining established turn times.
Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.
Current knowledge of FHA, VA and USDA secondary market requirements regarding credit, income, disclosure and property that would also include, hands on experience using various agency related internet and computer based systems as necessary/required.
Ability to analyze tax returns, credit and appraisal reports, fraud detection and other property or income related reports and documentation to insure that information meets agency, investor and credit union requirements.
Organize and prioritize daily workload to insure compliance to credit union policy, procedures and established turnaround times.
Communicate and interact with all pertinent vendors, servicers, agencies, investors, staff, brokers and members.
Maintain a current working knowledge of mortgage industry and credit union standards and trends.
Monitor and resolve any quality control or insuring issues on relevant files in a timely manner to prevent delays.
Work with management to implement procedures to prioritize work within the underwriting and processing area as volume dictates.
Ability to work closely with originations and operations staff to insure compliance with guidelines and policies of credit union and agency.
Assist supervisor or manager with training of staff members.
Assist supervisor or manager with prioritizing workflow as directed.
Physical Skills, Abilities, and Exertion Utilized in the Performance of These Tasks
Effective oral and written communication skills to interact with members, staff, vendors, servicers, investors and various state agencies.
Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine and telephone.
Organizational Contacts & Relationships
INTERNAL: Management, Home Loan Operations Department staff along with credit union branches and supporting departments.
EXTERNAL: Members, real estate agents, servicing agents, various state agencies, title companies, insurance companies, appraisers and other third-party vendors.
Qualifications
Education:
Successful completion of High School curriculum is required. College degree or equivalent a plus.
Experience:
3 years minimum, current FHA experience with DE, VA experience with LAPP/ SAR designation. 10 years minimum of responsible real estate lending experience with a financial or banking institution performing underwriting analysis and functions.
Knowledge/Skills:
Strong customer/member service relations skills, oral and written communication skills.
Current working knowledge of the real estate mortgage industry, mortgage loan process, FNMA, and FHLMC and guidelines and reasonable knowledge of the basic principles and practices of related businesses.
Typing, ten key, personal computer to include navigation of internet and facsimile machines.
Updated training provided through seminars, webinars and weekly coaching as Compliance, policies, procedures, or work processes dictate change.
Ability to effectively communicate policy/procedures to staff to assist the supervisor and or manager with training.
Physical Requirements
Prolonged sitting throughout the workday with occasional mobility required.
Corrected vision within the normal range.
Hearing within normal range. A device to enhance hearing will be provided if needed.
Ability to lift 20 lbs. as may be required.
Occasional movements throughout the department daily to interact with staff, accomplish tasks, etc.
Licenses/Certifications
FHA Direct Endorsement Underwriter, VA LAPP/ SAR Designation.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
This job description provides an overview of the general scope and level of work expected to be performed, but it is not an exhaustive list of all duties or responsibilities associated with the position. The credit union reserves the right to modify, add, or remove duties as needed without advance notice. Employees may be required to perform additional tasks and duties as directed by their supervisor, provided such tasks are within the employee’s knowledge, skills, and abilities, or can be performed with reasonable training. Nothing in this job description alters the at‑will employment relationship or limits the credit union’s right to assign or reassign duties and responsibilities to this position at any time.
REV. 3/13/2026
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Senior Home Loan Government Underwriter
DEPARTMENT:
Home Loan Underwriting
STATUS:
Non-Exempt
JOB CODE:
1836
PAY SCALE:
$49.55 - $52.00 Hourly
General Description Responsible for the evaluation and qualification of Government loans inclusive of FHA, VA, USDA and down payment assistance program(s) for compliance with the requirements of the applicable agency; hold and maintain direct endorsement certification with HUD, VA LAPP/ SAR designation. Also responsible for the review of conforming and non-conforming mortgages as well as equity loan applications to determine compliance with applicable state and federal regulations, investor guidelines and credit union standards. Review and analyze submitted loans for capacity, capital, collateral, character and condition while upholding fair lending practices. This includes ensuring that loan requests meet program and product specifications or counteroffer to a product and/or program when appropriate. Communicate decision (approval, counteroffer, suspense, denial) to applicable individuals within the department. Manage application turn time by executing credit decision according to the measurement set by department manager; meet targets. Support Underwriters, Processors and Home Loan Advisors as needed with scenarios and loan structuring.
Tasks, Duties, Functions
Underwrite loan files received daily according to Federal Housing Administration (FHA), Veteran Affairs (VA), US Department of Agriculture (USDA), agency, investor and credit union policy and procedures.
Originate and validate FHA and VA insured loans utilizing the U.S. Department of Housing and Urban Development’s (HUD) direct online system, FHA Connection and VA Portal, as applicable.
Review and sign off underwriting conditions in accordance to credit union policy while maintaining established turn times.
Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.
Current knowledge of FHA, VA and USDA secondary market requirements regarding credit, income, disclosure and property that would also include, hands on experience using various agency related internet and computer based systems as necessary/required.
Ability to analyze tax returns, credit and appraisal reports, fraud detection and other property or income related reports and documentation to insure that information meets agency, investor and credit union requirements.
Organize and prioritize daily workload to insure compliance to credit union policy, procedures and established turnaround times.
Communicate and interact with all pertinent vendors, servicers, agencies, investors, staff, brokers and members.
Maintain a current working knowledge of mortgage industry and credit union standards and trends.
Monitor and resolve any quality control or insuring issues on relevant files in a timely manner to prevent delays.
Work with management to implement procedures to prioritize work within the underwriting and processing area as volume dictates.
Ability to work closely with originations and operations staff to insure compliance with guidelines and policies of credit union and agency.
Assist supervisor or manager with training of staff members.
Assist supervisor or manager with prioritizing workflow as directed.
Physical Skills, Abilities, and Exertion Utilized in the Performance of These Tasks
Effective oral and written communication skills to interact with members, staff, vendors, servicers, investors and various state agencies.
Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine and telephone.
Organizational Contacts & Relationships
INTERNAL: Management, Home Loan Operations Department staff along with credit union branches and supporting departments.
EXTERNAL: Members, real estate agents, servicing agents, various state agencies, title companies, insurance companies, appraisers and other third-party vendors.
Qualifications
Education:
Successful completion of High School curriculum is required. College degree or equivalent a plus.
Experience:
3 years minimum, current FHA experience with DE, VA experience with LAPP/ SAR designation. 10 years minimum of responsible real estate lending experience with a financial or banking institution performing underwriting analysis and functions.
Knowledge/Skills:
Strong customer/member service relations skills, oral and written communication skills.
Current working knowledge of the real estate mortgage industry, mortgage loan process, FNMA, and FHLMC and guidelines and reasonable knowledge of the basic principles and practices of related businesses.
Typing, ten key, personal computer to include navigation of internet and facsimile machines.
Updated training provided through seminars, webinars and weekly coaching as Compliance, policies, procedures, or work processes dictate change.
Ability to effectively communicate policy/procedures to staff to assist the supervisor and or manager with training.
Physical Requirements
Prolonged sitting throughout the workday with occasional mobility required.
Corrected vision within the normal range.
Hearing within normal range. A device to enhance hearing will be provided if needed.
Ability to lift 20 lbs. as may be required.
Occasional movements throughout the department daily to interact with staff, accomplish tasks, etc.
Licenses/Certifications
FHA Direct Endorsement Underwriter, VA LAPP/ SAR Designation.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
This job description provides an overview of the general scope and level of work expected to be performed, but it is not an exhaustive list of all duties or responsibilities associated with the position. The credit union reserves the right to modify, add, or remove duties as needed without advance notice. Employees may be required to perform additional tasks and duties as directed by their supervisor, provided such tasks are within the employee’s knowledge, skills, and abilities, or can be performed with reasonable training. Nothing in this job description alters the at‑will employment relationship or limits the credit union’s right to assign or reassign duties and responsibilities to this position at any time.
REV. 3/13/2026
#J-18808-Ljbffr