First Mortgage Underwriter

FourLeaf's ultimate goal is to provide the best-in-class member and employee experience, and it all begins with two things: hiring incredible people and giving them a great place to work.

The First Mortgage Underwriter role will be responsible for examining, evaluating, and underwriting all first mortgage applications to assess the risk, financial stability and confirm compliance with secondary market guidelines and all regulatory requirements, to render a credit decision while maintaining a high level of accuracy and efficiency. They will work directly with other departments to ensure compliance and department goals are met.

This opportunity is open to flexible work options including a remote set up.

• Review and underwrite residential mortgage loan applications, including government, conventional, equity, and portfolio loans, in accordance with investor, regulatory, and Credit Unions guidelines.
• Analyze borrower creditworthiness by evaluating income, assets, liabilities, credit history, property value, and risk factors.
• Ensure loan files are complete, accurate, and well-documented prior to approval, suspension, or denials.
• Issue clear, well-documented underwriting decisions and conditions.
• Review and assess property appraisals to support sound credit decisions while ensuring compliance.
• Communicate effectively with loan officers, processors, and closing staff to resolve questions and move files forward efficiently.
• Perform comprehensive reviews of condominium and co-op projects to determine eligibility, ensuring alignment with guidelines, overlays, and overall risk tolerance.
• Maintain compliance with federal and state regulations, including TRID, ECOA, HMDA, and Fair Lending requirements.
• Ability to manage and prioritize a pipeline and ensure completion of assigned tasks daily including purchases, contract dates and escalations.
• Participate in quality control reviews, audits, and post-closing reviews as needed.
• Contribute to continuous improvement of underwriting processes, tools, and service levels.
• Assess ineligible loan applications to identify and structure viable counteroffer solutions aligned with underwriting guidelines and risk tolerance.
• Analyze loan documentation to prepare for Executive Loan Review, identifying and documenting exception requests relative to guidelines and investor overlays.
• Additional job-related projects and duties as assigned by management.

• High School Diploma or GED.
• 5 years of experience utilizing DU and LP automated underwriting with working knowledge of FNMA, FHLMC, and industry guidelines and best practices is required.
• Strong understanding of State and Federal laws pertaining to the mortgage banking industry (i.e. RESPA, TILA, ECOA, etc.) and Real Estate Lending
• Experience underwriting both FHA and VA is preferred.
• Experience in Mortgage Cadence Platform is preferred.
• Certifications: FHA Direct Endorsement (DE) Underwriter Certification and VA (SAR) are preferred.

The estimated salary for this role is $40.42 - $48.50 per hour. (FourLeaf Federal Credit Union offers a comprehensive benefits package, including medical, dental, and vision coverage; life and disability insurance; voluntary benefit programs; a 401(k) plan with employer match; reimbursement and wellness programs; and an annual performance-based bonus.)

#LI-Remote

In addition to our comprehensive benefits, we invest in employee connection and well-being through:

• Competitive 401(k)
• Tuition and fitness reimbursement programs
• Flexible work options
• Volunteer opportunities
• Executive “Water Cooler Chats”
• Clubs, sports, and social events
• Food truck days

….and more!

FourLeaf Federal Credit Union (FourLeaf) has been committed to the financial well-being of our members for over 80 years. Through our full range of competitive savings and loan products, you can trust us in every step of your financial journey. From applying for a credit card to closing on your mortgage to opening your child’s first savings account, FourLeaf is here to help you reach your financial goals.

We are proud to be an award-winning place to work! Some of our recent recognitions include Certified Great Place to Work 2024-2025, America’s Greatest Midsize Workplaces 2025, Quantum Workplace Employee Voice Award 2024, and Fortune’s Best Workplaces in Financial Services & Insurance 2024. 

As a credit union, our vision is to enrich the lives of our members, employees, and communities. Since 2002, we have been an integral community partner through our charitable giving and community development programs in New York and beyond.