Junior Conventional Underwriter

Company: Jobot
Location: Milwaukee
Posted on: April 10, 2021

Job Description:

Great opportunity for growth with a local WI bank!

This Jobot Job is hosted by Marcos Perry
Are you a fit? Easy Apply now by clicking the "Apply" button and sending us your resume.
Salary $75,000 per year

A Bit About Us

For more than 55 years, Tri City has been a bank focused on the needs of its customers and communities. Put simply, we succeed when you do. That's why we are dedicated to helping families fulfill their financial dreams and businesses grow. After all, we are Your Hometown Bank. Member FDIC. Equal Housing Lender.



Why join us?

We offer a competitive benefits package
Medical, Dental & Vision Insurance
Life, Accidental Death & Dismemberment and Long Term Disability Insurance
401(k) Retirement Plan
Flexible Spending Accounts
Educational Assistance
On-the-job training
Paid vacation, holiday and personal days
Community volunteering opportunities
Annual company picnic at the Milwaukee County Zoo
Annual Christmas/Holiday Party
Paid Jury Duty

Job Details

Essential Function

Review and evaluate residential mortgage applications and supporting documentation to determine if the applicant, property and conditions meet investor guidelines, FHLMC, FNMA and/or portfolio guidelines.
Ensure that files are complete, accurate and compliant.
Develop a strong knowledge and proper use of the bank's mortgage loan products. Provide loan product recommendations to loan originators that might be a better fit for the applicant.
Determine the conditions required to make loan underwriting decisions in a timely manner and in accordance with performance standards. Review and clear conditions as required so that all parties understand the status of the loan.
Review documentation submitted to make sure it meets investor guidelines and demonstrates a borrower's ability and willingness to repay so that risk is mitigated.
Accurately review income, asset and liabilities and document each to meet investor and bank guidelines so that all reviewers, auditors and quality control can clearly understand how calculations of ratios, assets and liabilities were determined.
Complete analysis of personal and business tax returns, including a thorough understanding of self-employed borrowers and rental income.
Follow AUS findings and the bank's loan policy and guidelines. Understand the difference between GSE/Qualified Mortgage and Ability to Repay rules established by CFPB.
Order mortgage insurance from authorized vendors and follow the program requirements.
In depth knowledge of collateral analysis and appraisal review.
Follow all compliance regulations including HMDA, Reg Z, Reg B and RESPA.
Effectively use all technology available to complete the job duties including the bank's Loan Originations Systems. Familiarity with Mortgagebot LOS a plus.

Additional Duties

Keep current on all underwriting guidelines and practices including our investors.
Keep informed on all compliance rules impacting mortgage lending.

Qualifications

Three plus years' experience as a mortgage underwriter, including FHLMC or FNMA
Experience using a loan origination system
Proficient with Microsoft office products (i.e. Word, Excel and Outlook)
Ability to apply knowledge and common sense to circumstances and determine the correct solution then communicate the solution logically and clearly with supporting facts
Provide excellent customer service to all parties
Ability to stay organized, prioritize, meet deadlines, manage work flow and multi-task
Excellent verbal and written skills

Helpful Experience And Knowledge

FHA and VA knowledge and/or underwriting experience
Experience as a home equity or consumer underwriter

Interested in hearing more? Easy Apply now by clicking the "Apply" button.

Keywords: Jobot, Milwaukee , Junior Conventional Underwriter, Accounting, Auditing , Milwaukee, Wisconsin