Loan Underwriter II

Wintrust•Rosemont, IL

8d•$71,000 - $92,000

About The Position

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 8 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? Position Overview: 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 and FHA or JUMBO 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. Ensures all loans underwritten will be eligible for sale to end investor and appropriate government agency. Responsible for support and utilization of pipeline management. Clears 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. Return of 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 need arises.

Requirements

5-7 years of underwriting experience
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
Ability to periodically work outside regular business hours as volume dictates and to maintain required turn times

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 and FHA or JUMBO 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.
Ensures all loans underwritten will be eligible for sale to end investor and appropriate government agency.
Responsible for support and utilization of pipeline management.
Clears 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.
Return of 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 need arises.