Residential Mortgage Underwriter III

Tri City National Bank; Milwaukee (WI); On-site; USD 70,000 - 80,000; Full time

Benefits offered by this job

401(k) with company match

Tuition reimbursement

Medical, dental, and vision coverage

Paid vacation

Job summary

Tri City National Bank, located in West Allis, WI, seeks a Residential Mortgage Underwriter III to independently review and analyze mortgage loan applications, assess borrower creditworthiness, and issue underwriting decisions in compliance with investor guidelines and regulatory requirements.

You will lead by example, provide training to junior underwriters, and collaborate across departments to ensure efficient loan workflow while maintaining high accuracy and quality standards.

Qualifications

• Review and underwrite mortgage loan applications of all income types, ensuring complete documentation and compliance with agency, investor, and portfolio requirements.
• Independently assess borrower creditworthiness, financial capacity, and overall loan risk, including complex lending scenarios.
• Demonstrate strong analytical, interpersonal, written, and verbal communication skills.

Responsibilities

• Review and underwrite mortgage loan applications of all income types, ensuring complete documentation and compliance with agency, investor, and portfolio requirements.
• Independently assess borrower creditworthiness, financial capacity, and overall loan risk, including complex lending scenarios.
• Underwrite construction, bridge, purchase, rate/term refinance, cash-out refinance, home equity loan, and HELOC transactions.
• Issue underwriting decisions and clearly communicate approval conditions, documentation requirements, and deficiencies.
• Approve property evaluations and full appraisals within delegated authority.
• Apply FHLMC and portfolio underwriting guidelines accurately while maintaining knowledge of Fannie Mae and FHA requirements.
• Serve as a Team Lead by conducting second reviews and providing training and guidance to junior underwriters.
• Partner with Processing and other departments to facilitate efficient loan workflow, resolve outstanding conditions, and support organizational objectives.
• Communicate underwriting decisions and rationale clearly to loan officers and other stakeholders.
• Ensure loan files meet regulatory, compliance, and company policy requirements while maintaining accuracy and quality standards.

Skills

Mortgage underwriting

Credit analysis

Regulatory compliance

Team leadership

Communication skills

Tools

MortgageBot

Loan Prospector

DataVerify

LoanBeam

FIS

Job description

Invest In You!

Tri City National Bank is not just a bank; it's your community banking partner, deeply committed to prioritizing customers, building strong relationships, and fostering a sense of belonging. Our team-oriented environment offers exceptional opportunities for personal and professional growth, celebrating success, and providing excellent benefits along the way. We believe in unparalleled customer service and the right banking solutions to help fulfill financial dreams and contribute to community growth.

The Residential Mortgage Underwriter III is responsible for independently reviewing and analyzing mortgage loan applications to assess borrower creditworthiness and overall risk. This role evaluates supporting documentation, determines required loan conditions, and issues underwriting decisions in compliance with investor guidelines, regulatory requirements, and company policies and procedures. The Underwriter III is expected to provide superior client service, meet established service level agreements, and consistently deliver accurate, high-quality work in support of the organization's financial objectives.

Compensation $70,000 - $80,000 per year depending on experience

This position is located in office, at our operation center located in West Allis, WI.

• Review and underwrite mortgage loan applications of all income types, ensuring complete documentation and compliance with agency, investor, and portfolio requirements.
• Independently assess borrower creditworthiness, financial capacity, and overall loan risk, including complex lending scenarios.
• Underwrite construction, bridge, purchase, rate/term refinance, cash-out refinance, home equity loan, and HELOC transactions.
• Issue underwriting decisions and clearly communicate approval conditions, documentation requirements, and deficiencies.
• Approve property evaluations and full appraisals within delegated authority.
• Apply FHLMC and portfolio underwriting guidelines accurately while maintaining knowledge of Fannie Mae and FHA requirements.
• Serve as a Team Lead by conducting second reviews and providing training and guidance to junior underwriters.
• Partner with Processing and other departments to facilitate efficient loan workflow, resolve outstanding conditions, and support organizational objectives.
• Communicate underwriting decisions and rationale clearly to loan officers and other stakeholders.
• Ensure loan files meet regulatory, compliance, and company policy requirements while maintaining accuracy and quality standards.

Decision & Approval Authority

• Underwriter will have decision approval authority for rate/term refinances, cash-out refinances, HE loans, HELOCS, purchase, bridge loan and construction loan transactions.
• Underwriter has decision approval for FHLMC and Portfolio loans.
• Underwriter has approval authority with limits approved by Senior management.
• Proficient in using MortgageBot, Loan Prospector, DataVerify, LoanBeam, FIS, income calculators, and other underwriting tools to analyze loan data and support credit decisions.
• Analyze credit reports to evaluate credit history, payment patterns, liabilities, and derogatory information.
• Review and analyze income, asset, and financial documentation, including accurately calculating and validating all income types.
• Review property-related documentation, including property taxes, homeowners insurance, and title insurance policies, identifying liens, judgments, and title issues as applicable.
• Maintain a strong working knowledge of underwriting guidelines and effectively research requirements within the FHLMC Seller/Servicer Guide and TCNB Retail Loan Underwriting Matrix.
• Review initial mortgage loan disclosures to ensure compliance with regulatory and company requirements.
• Effectively manage multiple priorities and file workloads while maintaining accuracy, attention to detail, and quality standards.
• Demonstrate strong analytical, interpersonal, written, and verbal communication skills.

Why Join Us

• Community Impact Be part of a local bank deeply rooted in community values, contributing to the growth and prosperity of our neighborhoods.
• Innovation Embrace a dynamic and evolving work environment that encourages fresh perspectives and continuous learning.
• Career Growth Unlock future opportunities for personal and professional development as you navigate through our Pathways for Success.
• Celebration of Success Join a team that values and celebrates individual and collective achievements.
• Work Life Balance No early mornings or late nights, enjoy a predictable schedule with major holidays off.
• Great Employee Benefits that start on the 1st of the month after your hire date!
  • Part-Time
    • 401(k) with company match
    • Up to 20 hours of paid vacation after 6 months
  • Full-Time
    • 401(k) with company match
    • Tuition reimbursement
    • Medical, dental, and vision coverage
    • Paid vacation and more!

Equal Opportunity Employer/Veterans/Disabled

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

Reasonable Accommodation

If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please contact Human Resources at 414-761-1610 or [e-mail]

(**Must be 21 to enroll in 401(k), and must work an average of 20+ hours per week in order to be eligible for paid vacation.)