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Underwriter II-Mortgage, Milwaukee at Associated Bank in Milwaukee, Wisconsin

Posted in Real Estate 30+ days ago.

Type: Full-Time

Job Description:

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants with a disability who need assistance applying for a position with Associated Bank are asked to email:

Job Summary
Under moderate direction, underwrite, evaluate and decision loans in accordance with the established underwriting policy and guidelines. Conform with all Regulatory requirements such as ATR/QM, HOEPA, HPML, and Fair Lending. Analyze tax returns, financial statements, credit reports, business reports and legal documents. Calculate the necessary ratios to assist in the decision process. Maintain quality credit decisions and turnaround time. Assist with ongoing training of the lender on all loan products and credit fundamentals. Provide support to Underwriter I position.

Compliance Statement
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR. Responsible to report ethical concerns as needed to Associated’s anonymous Ethics Hotline.

Key Result Areas

  • Problem Solving

  • Customer Service

  • Collaboration

  • Accuracy

  • Communication

  • Process Management

  • Decision Making

  • Regulation and Compliance

    Job Accountabilities

  • Review applications on various types of residential loans for credit and product guidelines. Review to include applicant’s credit profile/credit report, income, including corporate and personal tax returns, personal financial statements, etc., as applicable, business reports and legal documents. Perform credit analysis and approve or deny credit applications based on authorized lending limits. Recommend credit decisions to management on requests exceeding assigned lending authority. Proactively seek solutions with lenders from all business lines to ensure rate, term, and application structure on all loan products are compliant with current policies, procedures, and Regulatory requirements. Aid in the resolution of any application issues in an effective manner, mutually benefiting our customers and the Bank.

  • Clear conditions and rework loans for changes of circumstance as necessary.

  • Verify the accuracy of the data input in the Loan Origination System and that all product guidelines have been met.

  • Use discretionary judgment for approval of credit applications not meeting underwriting policies and procedures. Ensure proper documentation and sign-offs are made for credit exceptions. Maintain credit exception approval percentages within corporate approved guidelines.

  • Maintain up to date knowledge of current Underwriting policies, guidelines and compliance issues using available resources. Including all lending related Federal and State regulations.

    Other Duties/Responsibilities

  • Residential Lending Specific Job Accountabilities: Ability to accurately underwrite Portfolio and Agency loans. Be able to obtain and maintain approval authority to $650,000 for mortgage loans.

  • Maintain open lines of communication between all functional areas of the business line.

  • Education

  • Associate's Degree or equivalent combination of education and experience Finance or business related field, Required


  • 4-7 years Underwriting and lending products, policies and procedures, Required


  • Mathematical , Intermediate

  • Verbal Communication , Intermediate

  • Written Communication , Intermediate

  • Operate Office Equipment , Intermediate

  • Customer Relations , Intermediate

  • Microsoft Office , Intermediate

    General Physical Condition

  • No unusual physical effort, strain, or discomfort