Loan Underwriter III

3M HEALTHCARE; Rosemont (IL); On-site; USD 71,000 - 92,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life insurance

401(k) with company match

Parental Leave

Employee Assistance Program

Job summary

Wintrust Mortgage is seeking an experienced mortgage underwriter to assess conventional and government loan applications, ensuring compliance with investor and agency guidelines. You will review conditions, maintain a fast 48-hour resubmission turnaround, and collaborate with originators, LOAs, and processors.

The role emphasizes accuracy, multi-tasking, and strong communication. A high school diploma is required, with 5–10 years of underwriting experience and advanced computer skills.

Qualifications

• 5-10 years current underwriting experience with conventional and government loans.
• High school diploma or equivalent.
• Attention to detail and accuracy is a must.
• Ability to manage multiple tasks.
• Strong organizational skills.
• Excellent verbal and written communication skills.
• Advanced computer skills.

Responsibilities

• Responsible for ensuring real estate loan applications are underwritten in accordance with the latest investor and agency guidelines.
• Underwrites loans within acceptable department quality standards.
• Underwrites conventional mortgage loans to determine acceptable compliance with relevant agency, investor and internal guidelines.
• Reviews all follow‑up conditions from initial approval, suspension or decline for acceptability.
• Maintains maximum 48 hours turn time on resubmissions.
• Ensures all loans underwritten will be eligible for sale to end investor and appropriate government agency.
• Responsible for support and utilization of pipeline management.
• Cleans High Impact Alerts in fraud detection tool and monitors misrepresentation risk for all loans.
• Validates all AUS findings submissions to determine all requirements are met.
• Obtains second signature from management for all loans exceeding lending authority.
• Works directly with Loan Originators, LOA’s and Processors.
• Returns all phone calls and emails in a timely fashion.
• Ongoing education and training to stay current with market trends, changing guidelines and requirements.
• LOS data entry to provide minimum fields needed for proper reporting for data for HMDA, and other reporting.
• Other mortgage operations duties as needed arise.
• Underwriting authority: Conventional loans, FHA DE, VA SAR, and jumbo loans.

Skills

Underwriting

Detail-oriented

Multitasking

Communication

Organization

Education

High School Diploma

Tools

MS Office

Job description

Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we’re dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $66 billion in assets.

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years).
• Competitive pay and discretionary or incentive bonus eligible.
• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few.
• Family-friendly work hours.
• With 175+ community bank locations, we offer opportunities to grow and develop in your career.
• Promote from within culture.

Why join this team?

• We have a culture that encourages an entrepreneurial spirit.
• We offer multiple opportunities for development and upward mobility.

What You’ll Do:

• Responsible for ensuring real estate loan applications are underwritten in accordance with the latest investor and agency guidelines.
• Underwrites loans within acceptable department quality standards.
• Underwrites conventional mortgage loans to determine acceptable compliance with relevant agency, investor and internal guidelines.
• Reviews all follow‑up conditions from initial approval, suspension or decline for acceptability.
• Maintains maximum 48 hours turn time on resubmissions.
• Ensures all loans underwritten will be eligible for sale to end investor and appropriate government agency.
• Responsible for support and utilization of pipeline management.
• Cleans High Impact Alerts in fraud detection tool and monitors misrepresentation risk for all loans.
• Validates all AUS findings submissions to determine all requirements are met.
• Obtains second signature from management for all loans exceeding lending authority.
• Works directly with Loan Originators, LOA’s and Processors.
• Returns all phone calls and emails in a timely fashion.
• Ongoing education and training to stay current with market trends, changing guidelines and requirements.
• LOS data entry to provide minimum fields needed for proper reporting for data for HMDA, and other reporting.
• Other mortgage operations duties as needed arise.
• Underwriting authority: Conventional loans, FHA DE, VA SAR, and jumbo loans.

Qualifications:

• 5-10 years current underwriting experience with conventional and government loans.
• High school diploma or equivalent.
• Attention to detail and accuracy is a must.
• Ability to manage multiple tasks.
• Strong organizational skills.
• Excellent verbal and written communication skills.
• Advanced computer skills.

Benefits:

• Medical Insurance
• Dental
• Vision
• Life insurance
• Accidental death and dismemberment
• Short-term and long-term Disability Insurance
• Parental Leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical Illness Insurance
• Accident Insurance
• Transportation and Commuting Benefits
• Banking Benefits
• Pet Insurance

Compensation:

The estimated annual salary range for this role is $71,000-$92,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.

Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.