Senior Mortgage Underwriter III: Complex Loans & Leadership

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

Benefits offered by this job

401(k) with company match

Up to 20 hours of paid vacation after

Tuition reimbursement

Medical, dental, and vision coverage

Paid vacation and more!

Great Employee Benefits that start on

Job summary

Tri City National Bank is seeking a Residential Mortgage Underwriter III to independently review mortgage loan applications, assess borrower creditworthiness, and issue underwriting decisions in line with investor guidelines and regulatory requirements.

The role emphasizes client service, SLA adherence, and high-quality work, with a leadership component guiding junior underwriters and coordinating with processing teams to ensure smooth loan workflow.

Qualifications

• 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.

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

Underwriting

Credit analysis

Attention to detail

Communication

Tools

MortgageBot

Loan Prospector

DataVerify

LoanBeam

FIS

Income calculators

Job description

Tri City National Bank is seeking a Residential Mortgage Underwriter III to independently review mortgage loan applications, assess borrower creditworthiness, and issue underwriting decisions in line with investor guidelines and regulatory requirements.

The role emphasizes client service, SLA adherence, and high-quality work, with a leadership component guiding junior underwriters and coordinating with processing teams to ensure smooth loan workflow.