Waukesha State Bank Underwriter Mortgage Department
Overview: A successful Underwriter will deliver timely, accurate and detailed underwriting decisions consistent with industry standards and/or with Waukesha State Bank’s portfolio lending parameters while maintaining regulatory compliance.
Underwrite 1-4 family in-house and secondary market loans including WHEDA, Conventional and MPF Direct (FHLBC) mortgage loans to ensure regulatory compliance, Investor and Bank guideline/policy conformance and department operational consistency
Consult with Department Manager to help clarify and interpret underwriting guidelines using “make sense” underwriting and “best practices” standards
Consult with VA, FNMA, FHA, WHEDA, FHLBC and other Investor(s) to determine guideline interpretations and underwriting integrity; request single loan variances when warranted
Responsible for applying seasoned knowledge of TRID/TILA/RESPA, ECOA (Regulation B), Fair Housing Act, Right to Financial Privacy Act, Fair Credit Reporting Act, HMDA (Regulation C), CRA (Regulation BB), Flood Insurance Act, Real Estate Law, QM/ATR, Dodd/Frank guidelines and all other regulatory matters pertaining to mortgage lending
Assist members of the Mortgage Department’s management team to develop and/or revise policies and procedures specifically affecting the origination/processing / underwriting functions
At least 5-10 years of current mortgage underwriting experience
Associate's degree or higher in business, finance or related field, or an equivalent combination of education and experience required
Comprehensive knowledge of Conventional/WHEDA guidelines and a thorough understanding of the DU automated underwriting engine (knowledge of CU and DO systems is helpful as well). DE Certification is a strong plus!
Solid time-management, organizational, communication, and customer relations skills
Desire to work in a community bank and to represent WSB in a professional and ethical manner at all times
This position requires an active NMLS Registry Record
Employment with Waukesha State Bank is contingent upon successful completion of a criminal background check and drug screen.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.