Underwriter II-Mortgage

Associated Bank•Hales Corners, WI

6d•$29 - $49

About The Position

Under limited direction, underwrite, evaluate, and make decisions on residential loans in accordance with established underwriting policies and guidelines. The role requires compliance with regulatory requirements, including ATR/QM, HOEPA, HPML, and Fair Lending. Analyze tax returns, financial statements, credit reports, business reports, and legal documents, and calculate relevant ratios to support lending decisions. Maintain the quality of credit decisions and turnaround times, assist with lender training on loan products and credit fundamentals, and provide support to Underwriter I and II positions. Review complex residential loan applications against credit and product guidelines; perform credit analysis and approve or deny applications within authorized lending limits. Recommend decisions to management for requests exceeding assigned authority. Work with lenders across business lines to ensure compliant rate, term, and application structures, and help resolve application issues. Clear conditions, rework loans when circumstances change, verify Loan Origination System data and product guideline compliance, and exercise discretionary judgment on policy exceptions while ensuring required documentation and approvals. Maintain current knowledge of underwriting policies, guidelines, compliance issues, and applicable federal and state lending regulations. The posted base pay range is $28.81–$49.38 per hour. Actual pay may vary based on work location, skills, experience, education, and qualifications. Certain positions may also offer incentive, commission, or bonus opportunities. Associated Bank describes an inclusive workplace and welcomes qualified applicants from a range of backgrounds.

Requirements

Associate's degree in Finance, or an equivalent combination of education and experience.
Associate's degree in Business, or an equivalent combination of education and experience.
4–7 years of experience with underwriting and lending products, policies, and procedures.

Responsibilities

Underwrite, evaluate, and make decisions on residential loans in accordance with established policies, guidelines, and regulatory requirements.
Review complex residential loan applications, including credit profiles, income documentation, tax returns, financial statements, business reports, and legal documents.
Perform credit analysis and approve or deny applications within authorized lending limits.
Recommend credit decisions to management for requests exceeding assigned lending authority.
Work with lenders across business lines to ensure loan rates, terms, and application structures comply with current policies, procedures, and regulations.
Help resolve application issues in a way that benefits customers and the Bank.
Clear loan conditions and rework loans when circumstances change.
Verify Loan Origination System data accuracy and that product guidelines have been met.
Exercise judgment on credit applications that do not meet underwriting policies and procedures; ensure credit exceptions have appropriate documentation and sign-offs.
Maintain credit exception approval percentages within corporate-approved guidelines.
Maintain current knowledge of underwriting policies, guidelines, compliance issues, and federal and state lending regulations.
Maintain credit decision quality and turnaround times.
Assist with ongoing lender training on loan products and credit fundamentals.
Provide support to Underwriter I and II positions.
Comply with enterprise policies and applicable laws and regulations, including Bank Secrecy Act requirements.
Report suspicious activity, customer complaints, procedure violations, and ethical concerns as prescribed.