Mortgage Underwriter

Lakeridge; Monona (WI); On-site; USD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a detail-oriented Mortgage Underwriter to join their dynamic team. This full-time role involves underwriting first mortgage applications, ensuring compliance with various guidelines, and collaborating with loan officers. The ideal candidate will possess strong analytical skills and a deep understanding of mortgage underwriting practices. With a commitment to diversity, this organization values the contributions of all employees and fosters a supportive work environment. If you're ready to take your career to the next level in a fast-paced setting, this opportunity is perfect for you.

Qualifications

• 3+ years of experience in production underwriting.
• Strong understanding of conventional underwriting guidelines.

Responsibilities

• Underwrite mortgage applications for compliance and accuracy.
• Validate AUS findings and review appraisals.

Skills

Mortgage Underwriting

Compliance Monitoring

Analytical Skills

Interpersonal Skills

Problem Solving

Attention to Detail

Education

High School Diploma

Bachelor's Degree (preferred)

Tools

Encompass

Microsoft Office Suite

Job description

Description

Lake Ridge Bank is searching for a Mortgage Underwriter based at our Monona Drive office! The Mortgage Underwriter is responsible for underwriting all first mortgage, secondary market and portfolio loans. Must have knowledge of FHLB, Fannie Mae, Freddie Mac, WHEDA, and mortgage insurance underwriting and compliance guidelines. This position is also responsible for underwriting consumer HELOC and HELOANS according to LRB loan policy. The Mortgage Underwriter is responsible for assuring loan policies and procedures are adhered to throughout the loan process.

ESSENTIAL RESPONSIBILITIES:

Mortgage Underwriting

• Underwrite all first mortgage applications for accuracy, compliance, and according to LRB loan policy and secondary market guidelines
• Validate AUS findings, assets, income, and collateral documentation
• Review Appraisals to ensure valuation is accurate and value is supported
• Review title work and flood determinations
• Communicate with loan officers and processors as needed so all parties are aware of loan status and outstanding conditions
• Assist lending staff with finding solutions to complex underwriting questions and scenarios

Consumer Underwriting

• Verify appropriate application documents are properly executed for new loans
• Confirm LRB lending guidelines are met for loan request
• Validate income, assets, and collateral documentation
• Review title work and flood determinations
• Present educational, procedural, and compliance materials to retail staff as needed

Compliance Monitoring

• Responsible for making timely decisions in accordance with Regulation B
• Perform secondary review of denials when needed
• Ensures accurate HMDA reporting on files worked

OTHER RESPONSIBILITIES:

• Complete all annual bank security and compliance training.
• Adhere to Bank Security guidelines as required for this position.
• Always maintain confidentiality of client information
• Stay current on all compliance regulations.

Requirements

Minimum Qualifications:

• Minimum 3 years experience in production underwriting
• Encompass experience is preferred
• Strong understanding of conventional underwriting guidelines is required
• Intimate working knowledge of FNMA DU and FHLMC LPA
• Well-developed interpersonal and communication skills in order to effectively communicate with associ-ates and clients.
• Strong working knowledge of Microsoft Office Suite, along with proficient keyboarding skills.
• Demonstrated problem solving skills with the ability to make good decisions.
• Excellent analytical and organizational skills with the ability to prioritize multiple competing tasks while working in a fast-paced environment.
• Strong attention to detail with the ability to work efficiently, accurately, and independently.
• Willingness to work toward goals and performance standards of the department including the ability to put forth the extra effort necessary to make the department a successful operation: (i.e. working addi-tional hours, attending outside educations programs, etc.)
• Flexibility with hours in order to meet the demands of the department.
• Ability to speak, read, write, and understand English well and speak clearly.
• Ability to maintain confidential client or bank information.
• Demonstrated ability to represent the organization in a professional, positive manner.

This is a full-time role between the hours of 8:00 AM to 5:00 PM Monday through Friday. Flexibility in scheduling may be needed on occasion.

Lake Ridge Bank values a diverse workforce and is an Affirmative Action/Equal Opportunity Employer.

Consistent with Lake Ridge Bank's commitment to employ and advance qualified individuals with disabilities, Lake Ridge Bank provides reasonable accommodation to apply for or perform a job. Some examples of reasonable accommodation include alternate methods to apply, providing documents in an alternate format, altering work procedures, specialized equipment or use of an interpreter. If an individual needs reasonable accommodations to apply or perform a job here at Lake Ridge Bank, please contact Human Resources at [phone] or email us.