Underwriter II-Mortgage

Associated Bank•Janesville, WI

About The Position

Under limited direction, underwrite, evaluate, and make decisions on mortgage loans in accordance with established underwriting policies and guidelines. Ensure 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 credit decisions. Maintain quality decisions and turnaround times, assist with lender training on loan products and credit fundamentals, and provide support to Underwriter I and II positions. The role reviews complex residential loan applications, conducts credit analysis, and approves or denies applications within authorized lending limits. It recommends decisions to management for requests exceeding assigned authority, works with lenders to ensure compliant loan structures, resolves application issues, clears conditions, and reworks loans when circumstances change. The underwriter verifies Loan Origination System data and product guideline compliance, exercises judgment on exceptions, ensures appropriate documentation and approvals, and maintains current knowledge of underwriting policies and applicable regulations.

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

Review complex applications for various residential loan types against credit and product guidelines, including credit profiles, income, tax returns, financial statements, business reports, and legal documents.
Perform credit analysis and approve or deny credit applications within authorized lending limits.
Recommend credit decisions to management for requests exceeding assigned lending authority.
Work proactively with lenders across business lines to ensure loan rates, terms, and application structures comply with current policies, procedures, and regulatory requirements.
Resolve application issues effectively in a manner that benefits both customers and the Bank.
Clear conditions and rework loans as needed when circumstances change.
Verify the accuracy of data entered in the Loan Origination System and confirm that product guidelines have been met.
Use discretionary judgment when considering credit applications that do not meet underwriting policies and procedures.
Ensure credit exceptions have proper documentation and sign-offs, and maintain exception approval percentages within corporate guidelines.
Maintain up-to-date knowledge of underwriting policies, guidelines, compliance issues, and applicable federal and state lending regulations.
Assist with ongoing lender training on loan products and credit fundamentals.
Provide support to Underwriter I and II positions.
Comply with enterprise policies, applicable laws and regulations, including Bank Secrecy Act requirements; report suspicious activity, customer complaints, procedure violations, and ethical concerns as required.