Underwriter
- $90,000 - $130,000
- Brookfield, WI
A bit about us:
We provide immense value to our consumer and business customers. With our roots as a stable bank, built on customer relationships, we adhere to traditional values.
Why join us?
Competitive base salary and overall compensation package
Full benefits: Medical, Dental, Vision
Generous PTO, vacation, sick, and holidays
Life Insurance coverage
401 (K) with generous company match
Full benefits: Medical, Dental, Vision
Generous PTO, vacation, sick, and holidays
Life Insurance coverage
401 (K) with generous company match
Job Details
You should have / know some of the following:
*Either DE or SAR designation is a requirement for this position*
2+ years of current frontline mortgage Underwriting
DE or SAR required
Appraisal review and tax return analysis skills required
Prior credit signing authority a plus
Strong analytical and decision-making/problem-solving skills
Possess a keen eye for accuracy, attention to detail, and the ability to handle a high volume workload
Proficient in computers including LOS systems, specifically Encompass
Ability to deliver effective results and to meet deadlines with minimal supervision
Duties:
Underwrites loan Program Loans to verify for completeness, accuracy, and compliance.
Develops and maintains an up-to-date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guidelines, and risk assessment tools used to decision mortgage loans
Revises loans to new terms and identifies additional conditions as needed to ensure a viable credit decision
Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents, and appraisals
Analyzes and calculates income documentation and ensures all necessary documentation is requested to support final loan decisions
Ensure loans meet the Ability to Repay (ATR) rules established by the Consumer Financial Protection Bureau (CFPB)
Exercises good judgment conducts reasonableness tests, and issues quality decisions
Determines the accuracy and completeness of files; ensures processes are consistent
Maintains pre-established service level standard of decisions within the time frame set by the company
Communicates regularly with the sales team, processors, and management
Consistently meet or exceed established minimum productivity and quality goals set forth by management
Responsible for a timely response on audits of loan files underwritten prior to and after funding is obtained.
Review all documentation submitted in a file for compliance with product and investor guidelines, borrower validation, Ability to Repay, and risk mitigation.
*Either DE or SAR designation is a requirement for this position*
2+ years of current frontline mortgage Underwriting
DE or SAR required
Appraisal review and tax return analysis skills required
Prior credit signing authority a plus
Strong analytical and decision-making/problem-solving skills
Possess a keen eye for accuracy, attention to detail, and the ability to handle a high volume workload
Proficient in computers including LOS systems, specifically Encompass
Ability to deliver effective results and to meet deadlines with minimal supervision
Duties:
Underwrites loan Program Loans to verify for completeness, accuracy, and compliance.
Develops and maintains an up-to-date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guidelines, and risk assessment tools used to decision mortgage loans
Revises loans to new terms and identifies additional conditions as needed to ensure a viable credit decision
Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents, and appraisals
Analyzes and calculates income documentation and ensures all necessary documentation is requested to support final loan decisions
Ensure loans meet the Ability to Repay (ATR) rules established by the Consumer Financial Protection Bureau (CFPB)
Exercises good judgment conducts reasonableness tests, and issues quality decisions
Determines the accuracy and completeness of files; ensures processes are consistent
Maintains pre-established service level standard of decisions within the time frame set by the company
Communicates regularly with the sales team, processors, and management
Consistently meet or exceed established minimum productivity and quality goals set forth by management
Responsible for a timely response on audits of loan files underwritten prior to and after funding is obtained.
Review all documentation submitted in a file for compliance with product and investor guidelines, borrower validation, Ability to Repay, and risk mitigation.
Jobot is an Equal Opportunity Employer. We provide an inclusive work environment that celebrates diversity and all qualified candidates receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws. Jobot also prohibits harassment of applicants or employees based on any of these protected categories. It is Jobot’s policy to comply with all applicable federal, state and local laws respecting consideration of unemployment status in making hiring decisions.
Sometimes Jobot is required to perform background checks with your authorization. Jobot will consider qualified candidates with criminal histories in a manner consistent with any applicable federal, state, or local law regarding criminal backgrounds, including but not limited to the Los Angeles Fair Chance Initiative for Hiring and the San Francisco Fair Chance Ordinance.
Information collected and processed as part of your Jobot candidate profile, and any job applications, resumes, or other information you choose to submit is subject to Jobot's Privacy Policy, as well as the Jobot California Worker Privacy Notice and Jobot Notice Regarding Automated Employment Decision Tools which are available at jobot.com/legal.
By applying for this job, you agree to receive calls, AI-generated calls, text messages, or emails from Jobot, and/or its agents and contracted partners. Frequency varies for text messages. Message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You can reply STOP to cancel and HELP for help. You can access our privacy policy here: jobot.com/privacy-policy
Sometimes Jobot is required to perform background checks with your authorization. Jobot will consider qualified candidates with criminal histories in a manner consistent with any applicable federal, state, or local law regarding criminal backgrounds, including but not limited to the Los Angeles Fair Chance Initiative for Hiring and the San Francisco Fair Chance Ordinance.
Information collected and processed as part of your Jobot candidate profile, and any job applications, resumes, or other information you choose to submit is subject to Jobot's Privacy Policy, as well as the Jobot California Worker Privacy Notice and Jobot Notice Regarding Automated Employment Decision Tools which are available at jobot.com/legal.
By applying for this job, you agree to receive calls, AI-generated calls, text messages, or emails from Jobot, and/or its agents and contracted partners. Frequency varies for text messages. Message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You can reply STOP to cancel and HELP for help. You can access our privacy policy here: jobot.com/privacy-policy