Mortgage Underwriter (Hybrid) presso Canvas Credit Union

We’re Canvas Credit Union

We’re passionate about transforming financial services. Our members, families, and the communities we call home motivate everything we do. As part of the credit union movement, we believe in providing our members with education, support, and guidance to build strong financial futures. 

Canvas "It's About More" Video - YouTube (Click here - or, visit https://www.youtube.com/watch?v=z8WAm_TDRdk )

Why Canvas?

At Canvas, we’re dedicated to transforming financial services from the inside out. Our culture is a top priority and second to none. We strive to balance hard work and high achievement with a fun, supportive environment.

At Canvas, there are 5 behaviors we live by each day that will continue to help us be known for our heart and our people: 

What’s In It For You

• Seriously good benefits: Beyond healthcare, dental, and life insurance, we make it so worth your while. Canvas employees get up to a 10% company contribution to their 401k, generous personal time off, and employee discounts on loans (that includes cars and houses!). The starting pay range for this position is $100,000.00-$110,000.00/annual, and final pay rate will be determined based on experience, education, skills, and internal equity factors. Canvas benefits include:

• • Medical/Dental/Vision Insurance
  • Paid Vacation
  • Paid Sick Time
  • Paid Holidays
  • Paid Wellness Day
  • Paid Volunteer Time
  • Flexible Spending Account
  • Health Savings Account
  • World Class 401(k) Plan
  • Tuition Reimbursement
  • Rate Discounts on Qualifying Loans
  • May be eligible for incentives or discretionary bonus based on results

What you'll do  

The Mortgage Underwriter is responsible for reviewing members’ income, ensuring sound credit quality, and determining loan eligibility in compliance with program and investor guidelines. They will support the growth of Canvas Credit Union’s mortgage operation and will provide superior service to internal and external stakeholders; promoting member relationships that exceed expectations. This person will be a champion for loan quality among the team, supporting consistency and quality throughout the origination cycle.

Essential Duties/Responsibilities

• Maintain a high level of service, consistency, and professionalism by delivering Canvas Core Values to both internal and external members at every touch.
• Perform income analysis, including review of financial documents such as pay stubs, W2s, personal and corporate taxes and 1099 income.
• Review Appraisals for accurate valuation of subject properties including utilization of Collateral Underwriter to research appraisal defects.
• Review of all other file documentation including but not limited to credit reports, asset statements, condominium questionnaires, title work, and insurance declarations.
• Utilize Condo Project Manager to determine condominium eligibility for Fannie Mae
• Collaborate with processing staff and loan officers to answer underwriting questions as they pertain to product and investor guidelines including direct communication with investors as needed for clarity.
• Perform review of Early Check and other tools to ensure loan meets investor standards
• Stay abreast of changes to investor requirements including by not limited to the Fannie Mae Selling Guide. Communicate those changes timely and clearly to the team. 
• Demonstrate ability to decipher investor guidelines and determine loan eligibility as well as willingness to research unique situations.
• Approve or decline mortgage loans within your granted authority limit based upon compliance with underwriting standards for each investor and program. Lead underwriter will also be tasked with creatively working difficult or denied loans files to assist with restructuring when possible. 
• Participate in second look process for denied loans to restructure loan for approval and assist with training team members.
• Provide and validate file documentation related to the loan decision and properly mitigate and document policy exceptions.
• Respond to pre- and post-close quality control audits timely.
• Provide updates and feedback to management and staff regarding changes to underwriting requirements, production defect trends and investor guidelines.
• Assist other departments and branches with various operational needs and underwriting support if needed.
• Be available to resolve member and loan file issues in a timely, consistent, and professional manner including requests arising outside normal business hours
• Condition files thoroughly with language that is clear and easy to understand. Seek every opportunity to clear conditions with documentation that can be obtained without member involvement to ease the burden on our members.
• Actively promote and contribute to the achievement of department and organizational goals.
• Comply with all state and federal regulations as well as Canvas requirements, policies, and procedures.
• Embrace ongoing education and learn/apply new skills and software applications.
• Regular attendance and punctuality are essential functions of the job
• This role at Canvas requires National Multistate Licensing System (NMLS) registration under the S.A.F.E. Act. This means we conduct a background check to ensure NMLS registration and Canvas requirements are met. (Not meeting or staying current may result in removal from role). Canvas also conducts pre-employment background reviews (components include criminal, employment, address, social security number, motor vehicle record, sex offender, and global sanctions).
• Maintain confidentiality of non-public information for members and Canvas Employees.
• Perform other job duties as assigned.

Job Qualifications

Knowledge, Skill and Ability:

• Extensive experience with the Fannie Mae Selling Guide for loan salability and Desktop Underwriter (DU) system. Proficient knowledge of mortgage products including with ability to read and interpret investor overlays for proper loan placement.
• Solid knowledge of all relative state and federal mortgage regulations.
• Excellent verbal, written and interpersonal communication skills with the ability to explain programs, loan terms, features, policies and benefits to customer and business partners.
• Strong relationship building and teamwork skills.
• Strong attention to detail and excellent organizational skills; ability to manage multiple priorities
• Excellent analytical and problem-solving skills.
• Proficient in MS Office (Outlook, Excel, Word).
• Experience working in Encompass, Loan Origination System preferred
• Experience working with conforming & jumbo loans; Fannie Mae, Freddie Mac
• Experience calculating & reviewing income statements

Education or Formal Training:  Two-year college degree or completion of a specialized course of study at a business or trade school, or three years of comparable work experience.  SAR/LAPP and DE certification required.

Experience:  Minimum five years’ mortgage underwriting experience and at least three years’ experience underwriting FHA and VA loans with the LAPP/SAR designation (Lender Appraisal Processing Program and Staff Appraisal Reviewer).

Working Environment/Physical Activities

Must be able to work a flexible schedule Monday thru Saturday and attend meetings and events outside of regular business hours.  The job routinely uses standard office equipment such as computers, phones, printers, copiers, fax machines and filing cabinets.  The position requires manual dexterity, the ability to lift files and open filing cabinets.  The position requires bending, stooping, or standing as necessary.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.  Duties, responsibilities, and activities may change at any time with or without notice.

Applications accepted through October 6, 2025, unless a qualified candidate is selected prior to the deadline. 

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