Why you should apply for a job with Navy Federal Credit Union:
Professional development and training opportunities to help employees grow in their careers and the life they want to lead
Best-in-class benefits with generous vacation, paid maternity/paternity leave, retirement plans, tuition reimbursement, discounts and more
Unique culture where team members are passionate about the mission which creates clarity, alignment and purpose
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#50872
Position summary
YOUR LIFE'S MISSION: POSSIBLE
You have goals, dreams, hobbies and things you’re passionate about.
What’s Important to You Is Important to Us
We’re looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen.
Don’t take our word for it.
• Military Times 2021 Best for Vets Employers
• WayUp Top 100 Internship Programs
• Forbes® 2021 The Best Employers for New Grads
• Forbes® America's Best Employers
• Newsweek Top 100 Most Loved Workplaces
• 2021 People Companies that Care
• Fortune Best Workplaces for Women
• Fortune 100 Best Companies to Work For®
• Fortune Best Workplaces for Millennials
• Computerworld® Best Places to Work in IT
Basic Purpose
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 that are complex in nature, requiring judgment in resolving issues or making recommendations. Identifies key issues and patterns. Takes a broad perspective to solve problems. Leads, coaches, mentors, and trains others. Works independently.
Responsibilities:
• 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
• Develop, collaborate with managers and 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
• Review and evaluate documents to ensure adherence to Navy Federal, NCUA, USPAP and all other relevant industry guidelines to ensure loan acceptance
• Perform other related duties as assigned
Qualifications and Education Requirements:
•Significant experience in underwriting or equivalent related experience reviewing and analyzing loans
•Advanced knowledge of Real Estate Lending systems, policies, procedures, practices and/or actions
•Expert knowledge of mortgage/equity loan processing, closing and documentation requirements and regulations
•Expert knowledge of tax return and balance sheet analysis
•Expert knowledge of underwriting process and understanding of applicable criteria, guidelines, rules and regulations
•Advanced database and presentation software skills
•Advanced organizational, planning and time management skills
•Advanced research, analytical, and problem solving skills
•Advanced skill conducting complex personal and business financial analysis
•Advanced skill making effective presentations to groups of various sizes
•Advanced verbal and written communication skills
•Advanced word processing and spreadsheet software skills
Desired Qualifications and Education Requirements:
• VA SAR
• FHA DE
Hours: Monday - Friday; 8:00AM - 4:30PM
Locations: Headquarters - 820 Follin Ln, Vienna, VA 22180
Winchester Operations Campus - 141 Security Dr, Winchester, VA 22602
Greater Pensacola Operations - 5550 Heritage Oaks Dr, Pensacola, FL 32526
*Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report onsite 4-16 days each month. The number of days reporting onsite will ultimately be determined by the employee's leadership and business unit needs. You will learn more throughout the hiring and onboarding process.
Pay range for this position is: $30.00 - $47.00 Hourly
*Navy Federal Credit Union assesses market data to establish pay ranges the enable us to remain competitive. You are paid within the pay range, based on your experience, location, and market position.
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
COVID-19 Vaccine Information
As a COVID-19 safety measure, our employees must either provide proof of COVID-19 vaccination or follow additional safety protocols, including testing.
Disclaimer
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.
Bank Secrecy Act
Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
What are Navy Federal Credit Union perks and benefits
Lactation facilities
Post maternity
Maternity leave coaching
Fertility
On-ramping/Off-ramping parental leave
Elder care
Child care subsidies
Unconscious bias training
Sponsorship program
Networking
Diversity recruiting
Coaching
Diversity performance
Succession planning
Paid adoptive
Paid paternity
Paid maternity
Unpaid paternity
Unpaid maternity
Short term disability
About the company
Navy Federal Credit Union is the world's largest credit union with over 10 million members, over $149 billion in assets and over 32,000 employees. As a credit union, we have members, not customers. At our campuses in Vienna, VA, Pensacola, FL and Winchester, VA, and in our more than 345 branches, we serve the men and women of the Armed Forces, Department of Defense, ...