Mortgage Underwriter

Location: Midland, Michigan Job Type: Full-Time Compensation: Competitive starting pay up to $36.00 per hour, plus quarterly and annual incentives ## About Dow Credit Union In 1937, the country was still in the throes of a severe economic depression that underscored the need for a workable financial plan to enable Dow employees to save for emergencies and obtain convenient, low-cost credit. Two Dow employees heard about the credit union movement, and the rest is history. Today, Dow Credit Union serves more than 84,000 members across all 50 states and in over 40 countries and has over $2.5 billion in assets. The organization's goal has always been to serve members to the best of its abilities and provide them with the best value for their money. Every day, Dow Credit Union continually strives to improve its level of service by keeping its focus on its members. In order to do this, Dow Credit Union hires and retains loyal, team-oriented employees who have genuine care and concern for members and conduct themselves with integrity and professionalism. That's why Dow Credit Union offers competitive pay, excellent benefits, and a positive work culture. The organization truly respects each other and actively encourages diversity, equity, and inclusion (DEI). Dow Credit Union is an equal-opportunity employer. Dow Credit Union provides terrific benefits, including quarterly and annual incentives, medical, dental, vision, a 401(k) plan, paid holidays, and paid time off (PTO). ## Position Summary Do you have a passion for making sound lending decisions while helping members achieve their homeownership goals? Dow Credit Union is seeking an experienced Mortgage Underwriter to join its Mortgage team. In this role, you'll evaluate mortgage and home equity loan applications, analyze risk, and make informed underwriting decisions that support both member success and the financial strength of the credit union. As a key contributor to the lending process, you will review complex financial and property information, ensure compliance with investor and regulatory requirements, and help deliver an exceptional member experience from application to closing. ## Essential Duties and Responsibilities - Underwrite mortgage and home equity loans in accordance with Dow Credit Union policies, investor guidelines, and regulatory requirements. - Evaluate creditworthiness using income, assets, employment history, debt-to-income ratios, loan-to-value ratios, credit reports, and supporting documentation. - Approve or deny loan applications within delegated lending authority. - Review real estate appraisals and valuation reports to ensure accuracy, marketability, and compliance. - Process Reconsideration of Value (ROV) requests and communicate with Appraisal Management Companies (AMCs) regarding revisions or clarifications. - Analyze title commitments to ensure acceptable risk and proper lien positioning. - Submit loans through Automated Underwriting Systems (AUS) and mortgage insurance providers. - Manage underwriting pipelines to ensure timely decisions and service-level expectations are met. - Clear underwriting conditions and prepare loans for final approval and closing. - Perform prefunding quality control reviews to identify risk and ensure compliance. - Partner with processors, loan originators, title companies, appraisers, settlement agents, and other stakeholders to facilitate a smooth loan process. - Stay current on mortgage regulations, investor requirements, and industry best practices. ## Qualificat