Mortgage Underwriter - To 80K - Brookfield, WI - Job 3742

The Symicor Group•Brookfield, WI

48d•$80,000•Onsite

About The Position

Our bank client is seeking to fill a Mortgage Underwriter role in the greater Brookfield, WI market. The successful candidate will be responsible for supporting the Bank’s strategic objectives as they relate to real estate mortgage products and services. This includes customer experience, efficient processes, process improvements, vendor management, trend reporting, and team development. This position offers a generous base salary of up to $80K and an excellent benefits package. (This is not a remote position)

Requirements

Thorough understanding and knowledge of mortgage lending guidelines, federal regulations, and industry best practices.
Minimum of three years’ experience of FNMA and FHLMC and underwriting guidelines, as well as conventional investors, state and local bond programs, and private mortgage insurers

Nice To Haves

A bachelor’s degree in finance, business, or economics or related field is preferred.
DE preferred
FHA, VA underwriting preferred
Minimum of five years’ mortgage underwriting experience preferred.

Responsibilities

Review mortgage loans to ensure accuracy and completeness, validate findings to verify that all information matches. Instruct Mortgage Loan Officers and Processors on any errors for training purposes. Authority to approve or deny loan files as presented on guidelines assuring investor quality loans.
Review title to verify the customer has ownership on a refinance transaction and that the seller has ownership for purchase transaction. Check that chain of title meets investor requirements. Verify there are no unpaid liens or judgments and that all mortgage liens are being paid off through the transaction.
Verify that the rate lock matches the underwriting file with the correct program, LTV, and credit score.
Perform mortgage credit analysis to determine the borrower’s willingness and ability to repay the mortgage debt.
Evaluate risk to ensure a prudent decision is made.
Perform a detailed review of appraisals for one-to-four family residential properties to determine the acceptability of security for portfolio loans and loans sold to investors.
Review all origination files to ensure the customer has been offered the best mortgage program. Adhere to guidelines to ensure all loans are closed properly according to internal and external investors in a timely manner.
Assist officers & staff in keeping current on changes with current investors, compliance & programs, as well as any new programs or investors. Underwrite & compile loans that are underwritten by other investors, such as IHDA or DPP loans.
Communicate with investors as needed – FHLMC, IHDA, PMI, FHLBC.
Assure the integrity of information submitted to the loan prospector.
Perform all final reviews of files prior to closing, assuring the integrity final loan prospect submission.
Available to officers & staff for underwriting questions.
UW for Affordable Second Mortgage (D.P.P. & D.P.A.).
Complete audits as requested from Investors (FHLMC & PMI companies).