Senior Mortgage Underwriter (FHA/VA)

BMO

Illinois

Remote

USD 55,000 - 120,000

Full time

8 days ago

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Benefits offered by this job

Health insurance

Tuition reimbursement

Life insurance

Retirement savings

Job summary

BMO Financial Group in the United States is seeking an experienced mortgage underwriter to analyze new credit applications, adjudicate decisions within approved limits, and provide guidance on the implementation of credit solutions.

The role requires 8+ years in mortgage underwriting, FHA/VA knowledge, and proficiency with DU/LP systems, along with the ability to produce reports and dashboards and collaborate with stakeholders to meet strategic objectives.

Qualifications

8+ years of mortgage underwriting experience - required.
FHA and VA in the U.S. - required.
Strong comprehension of HUD Handbook 4155.1 and 4155.2 in the U.S. - required.
Prior relationship management experience - preferred.
Expertise in credit and lending products, related regulatory requirements, and secondary market guidelines.
Experience with web-based approval systems (DU/LP) - required.

Responsibilities

Analyzes new customer credit applications and makes credit decisions/recommendations.
Develops solutions and makes recommendations based on business strategy and stakeholder needs.
Provides advice and guidance on implementation of solutions.
Supports execution of strategic initiatives with internal and external stakeholders.
Builds change management plans and leads/change activities.
Adjudicates new credit applications within defined limits and communicates decisions.