Mortgage Credit Analyst jobs in Illinois

Scott Credit Union is looking to hire a full-time Mortgage Resource Analyst to join our amazing Mortgage team in our Edwardsville home office. This position will be onsite Monday thru Friday normal business hours. 

Purpose, Mission, Vision, Values

At Scott Credit Union, we are committed to upholding our purpose, mission, vision, and values. Our Purpose guides everything we do as an organization and is supported by our actionable Mission, Vision, and Values. If our chosen purpose, mission, vision, and values resonates with you and you want to find meaning in your work, we hope you will apply to become a part of our team!

Purpose:
 To be with our members through every phase of their financial journeys, providing financial solutions that support them, their families, and their communities.
  
Mission:
 Members. Value. Community.
  
Vision:
 Building Better Financial Futures.
  
Values:
Accountability - we take pride and ownership in all we do.
Diversity - we are committed to fostering a diverse, equitable, and inclusive work environment.
Growth - we encourage the professional development of our employees.
Integrity - we maintain the highest ethical standards.
Service Excellence - we are devoted to continuously "WOW"ing our members and colleagues through the 3e Promise. 

Why You Should Join Our Team 

Scott Credit Union is a recipient of the St. Louis Post-Dispatch Top Workplaces Award 2023, the tenth time since 2012. This year, SCU was recognized as one of the Top Workplaces for our dedication to our people-first culture. The Top Workplaces award highlights SCU’s commitment to creating a positive and supportive work environment, where employees thrive and contribute to the organization’s overall success. Our team is our #1 priority, and we are proud to offer great benefits and perks, such as 11 paid holidays, competitive paid time off (PTO), Short-Term Disability (STD) that includes maternity leave, 401k with employer match, medical, dental, vision, and other insurance options, educational reimbursement program, employee assistance programs, opportunities for career advancement, casual “dress for your day” dress code, a positive team-oriented culture, and much more! A comprehensive benefit guide with a full list of our benefits can be found on our career page, scu.org/careers/.  

The Day to Day as the Mortgage Resource Analyst   

The Mortgage Resource Analyst’s responsibilities include assisting in the planning, organizing, and support of the activities of the Mortgage underwriting, operations, sales, and systems administration while maintaining industry standards and best practices. Ensures that underwriting and system maintenance are in accordance with established policies, procedures, and legal requirements, and results in maximum volume, appropriate profit, and minimum delinquency ratios. Supports the department goal that services are delivered conveniently, professionally, and efficiently, and that employee and member problems and/or questions are resolved promptly. A typical day will look like:

• Responsible for accurate, effective, and efficient completion of all underwriting and system functions, making suggestions for streamlining and improving operations as appropriate, and providing detailed work plans for the accomplishment of department goals.
• Functions as the central hub for the sales, operations, underwriting, and system administration staff to obtain direction on best practices, guidelines, and requirements across secondary market, investor, and SCU policies.
• Maintains accuracy in documentation from application to closing documentation by following regulatory and SCU policies, practices, and procedures. Processes loans in a timely manner and guides others in pursuit of the same.
• Responsible for onboarding and training of all sales, operations, underwriting, and system administration staff. Collaborate with Scott Credit Union Training Department to coordinate employee training and maintaining the mortgage department annual training records.
• Externally research, maintain, and with management approval, formally communicate changes to industry, secondary market, and investor guidelines and regulations to support the sales and operations staff in processing files that meet required standards.
• Communicates internally with the Scott Credit Union Risk Management department to understand all government requirements and initiate necessary research of industry best practices and risk factors. Provide suggestions based on fact-based research to management.
• Communicate with the Scott Credit Union Compliance Analyst, correspondent lender(s) and secondary market investors to obtain audit or assessment findings and recommendations to communicate with management. Act as a liaison in the resolution of findings in conjunction with sales, operations, underwriting, system lending, and management team.
• Responsible for underwriting all insider loan applications and following the SCU Mortgage Policy Lending Authority Matrix.
• Employ problem solving abilities to understand, interpret, troubleshoot, and resolve issues relating to automated underwriting systems. Maintain knowledge of loan requirements to collaborate with team members to promptly resolve any issues or discrepancies in the loan application or documentation.
• Partner with the Mortgage Lending Systems Administrator to verify the Loan Origination System and Point of Sale System will not be impacted by a potential change in procedures and investigate system process enhancements. Communicate secondary market and investor updates to ensure the system reflects current limits and requirements.
• Analyze potential lending opportunities involved in each lending situation to further assist the borrower as well as increase the credit union’s lending portfolio.
• Partner with the Mortgage leadership to fulfill coordinated strategies.

 Are You a Good Fit?

Ask yourself the below questions to help determine if this job is the right fit for you.

• Do you enjoy engaging with people and providing exceptional customer service?
• Are you passionate about leading, coaching, and motivating others?
• Do you thrive in a fast-paced environment?
• Are you detail-oriented and like working with numbers?
• Do you enjoy working in a diverse environment with diverse members?
• Do you take pride and ownership in all that you do?
• Are you looking for a job where you can develop professionally? 

If you answered yes to these questions, we hope you apply! 

To Be Considered, You’ll Need:

• High School Diploma or equivalent.
• Five years mortgage industry experience with knowledge of Federal, State, and secondary market lending guidelines.
• Minimum two years conventional and government underwriting experience with strong knowledge of the mortgage process, regulations, and guidelines.
• Experience with secondary market automated loan underwriting systems.
• Working knowledge of all Microsoft office products.

Preferred Qualifications That Could Set You Ahead:

• Experience with Encompass Loan Origination Software.
• Experience working with multiple investors.
• Experience training other employees or serving as a primary point of contact on departmental functions.

Pay Range/Salary Range:

• The typical salary range for this role is $69,680.00 to $90,480.00. 

Are You Ready to Join Our Team?