Job Title: Sr. Mortgage Underwriter
FLSA Status: Non-Exempt, Full Time
Reports To: Mortgage Underwriting Manager
Pay Level: 10 $30.87 to 46.31 per hour
Department: Minnco Center Administration
Date: October 2026
Position Objective: The Sr. Mortgage Underwriter is responsible for the accuracy and expediency of mortgage underwriting activities and that underwriting goals are achieved. Ensures an efficient mortgage underwriting process and that all underwriting decisions are in compliance with Minnco loan policy, federal, state and NCUA regulations and laws, and secondary market/PMI guidelines. Responsible for maintaining credit quality and administration of FNMA DU.
Essential Duties and Responsibilities: - Approve or reject mortgage loan applications or request additional information in a consistent and timely manner
- Review mortgage loans to ensure accuracy and completeness, validate findings to verify that all information matches. Instruct Mortgage Loan Originators and Mortgage Loan Processors on any errors for training purposes.
- Review title to verify the customer has ownership on a refinance transaction and that the seller has ownership for purchase transaction. Check that the chain of title meets investor requirements. Verify there are no unpaid liens or judgments and that all mortgage liens are being paid off through the transaction.
- Verify that the rate lock matches the underwriting file with the correct program, LTV, credit score.
- Perform mortgage credit analysis, with or without the assistance of automated underwriting system, to determine borrower's willingness and ability to repay the mortgage debt.
- Evaluate risk to ensure a prudent decision is made.
- Perform a detailed review of appraisal for one-to-four family residential properties to determine acceptability of security for portfolio loans and loans sold to investors.
- Partner with the Mortgage Underwriting Manager to ensure that credit decisions are made within targeted timeframes and meeting purchase contract deadlines.
- Review all origination files to ensure the customer has been offered the best mortgage program. Adhere to guidelines to ensure all loans are closed properly according to internal and external investors in a timely manner.
- Ensure that all fair lending and compliance policies are followed both in dealings with customers, as well as the underwriting decisions that are made. Monitor all secondary Investor, Government and MI guideline changes and determine effect on current and future loans. Be responsible for all compliance functions for the bank with examiners, auditors, secondary market. Responsible for review of all mortgage loans that have been selected for review. Work with staff to address any deficiencies found to eliminate future issues. Work with secondary market investors on any post-closing issues or audit.
Leadership and Professionalism - Maintain and uphold Minnco's Core Values in all work
- Ability to act with integrity and professionalism while maintaining confidentiality and objectivity
- Maintain a professional image of Minnco by maintaining a neat workspace, wearing proper attire and greeting all with a positive attitude and a smile
Required Qualifications - High School Diploma or equivalent
- Three or more years of mortgage underwriting experience including automated underwriting and secondary market guidelines and private mortgage insurers.
- Experience working with Fannie Mae guidelines, programs, underwriting standards, and loan delivery requirements.
- Comprehensive knowledge of mortgage lending practices, including federal and state regulatory requirements
- Excellent written and verbal communication skills
Desired Qualifications - Four-year degree in a related field
- Proficient in Microsoft Office and Teams environments with the ability to easily learn different programs and applications
- DNA Experience
- Previous experience within a financial institution, preferably credit unions
Environment and Physical Demands:The majority of work will require sitting/standing while using the computer, and participating in meetings (in person, while on the phone, or online). Using finger dexterity for typing on the keyboard plus reading and viewing computer monitor.
Work LocationEmployee will work in an office setting with low noise level, full-time Monday thru Friday between the hours of 8am and 5pm, with occasional weekend work during business hours. Position is hybrid requiring travel to other branches.
