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Underwriter
Associated Bank
Green Bay, WI, United States
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Job Summary
Under supervised 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.
Compliance Statement
As a valued colleague of Associated Bank you play a critical role in delivering an exceptional customer experience during every interaction. Expectations for this position require the ongoing focus on building solid and long lasting relationships by engaging all customers in a positive manner. Colleagues should provide customers a positive experience that includes undivided attention, straightforward and knowledgeable service and insure that the customer’s best interests are our number one priority. Consistency around customer experience guidelines is key and expected from all of our colleagues. Our goal is to simplify the customer experience and deliver outstanding service to every customer, every time.
Operates in full compliance with internal policies and procedures as well as applicable regulations and laws, including but not limited to Bank Secrecy Act/Anti-Money Laundering requirements. Responsible to report any procedure or process that doesn’t meet regulatory requirements including fraud, whether suspected or confirmed, to management. This reporting can be done directly to any member of management, including Human Resources or Corporate Security, or can be reported through Associated’s anonymous Ethics Hotline.
Key Result Areas
Credit approval
Problem Solving
Customer Service
Accuracy
Communication
Collaboration
Regulation and Compliance
Operational/Procedural Activities
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 basic corporate and personal tax returns, as applicable, business reports and legal documents. Perform credit analysis and approve or deny credit applications based on authorized lending limits. 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.
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.
Verify the accuracy of the data input in the Loan Origination System and that all product guidelines have been met.
Clear conditions and rework loans for changes of circumstance as necessary.
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 conforming loan limits for mortgage loans.
Maintain open lines of communication between all functional areas of the business line.
Qualifications
Education
Associate's Degree or equivalent combination of education and experience Finance or business related field., Required
Bachelor's Degree Finance or business related field, Preferred
Experience
2-4 years Relevant lending experience, processing, funding, etc., Required
Less than 2 years Experience directly related to mortgage underwriting and lending products, policies and procedures., Required
Skills
Mathematical , Intermediate
Verbal Communication , Intermediate
Written Communication , Intermediate
Microsoft Office , Intermediate
Operate Office Equipment , Intermediate
Organizational , Intermediate
Customer Relations , Intermediate
General Physical Condition
No unusual physical effort, strain, or discomfort