Senior Mortgage Underwriter - Bankers' Bank

Bankers' Bank is a fast-growing, state-chartered financial institution with over $1.5 billion in assets committed to assisting community banks with their payments and financial service needs for over 40 years. In addition to specializing in providing correspondent banking products and services to community banks we also provide bank holding company loans, commercial lending, leasing, secondary mortgage products, cash letter/cash management, investment trading, safekeeping and portfolio accounting, correspondent credit services, international services, bank card products, and risk management solutions. Bankers' Bank has offices in Madison, WI, Des Moines, IA, Chicago, IL, Dublin, OH and Indianapolis, IN.

We are seeking an individual with strong knowledge in the mortgage industry to join the professional team in our Madison, WI office, in the role of Senior Underwriter. This role is responsible for reviewing underwriting documents from correspondent banks to determine viability of loans presented for final underwriting decision. This role will also assist in training Associate Underwriters and Underwriters as needed while also being the subject matter expert regarding mortgage loan products and scenarios.

POSITION FUNCTIONS

Underwriting:

• Complete preliminary underwriting related to conventional, portfolio, USDA/RD and VA loan requests to determine required documents to meet secondary market and regulatory standards within designated timeframe using appropriate automated underwriting systems.
• Input data into automated underwriting systems and translate required documentation to customer banks.
• Responsible for review and decisioning of individual mortgage loan requests using conventional, portfolio and government lending requirements for requests up to 100% loan to value (LTV). Review and decisioning of partner bank employee mortgage loan requests.
• Review credit reports, income/employment documentation, asset documentation, offer to purchase, personal and business tax returns (to include S-Corp, Partnership, Schedule C, E, F income sources), appraisals, title work, pre-close credit reports and other applicable loan documentation.
• Review, analyze, underwrite and approve complex individual consumer requests, including USDA/RD, VA, Jumbo and bank portfolio loan requests using applicable investor lending requirements.
• Determining and documenting loan conditions and communicating requirements and/or decisions.
• Identify, recommend and/or negotiate alternative loan requirements, funding and/or loan-structuring solutions.
• Examine transactions to ensure accuracy and completeness, agency guidelines.

Customer Service and Administrative

• Available to answer customer inquiries as well as internal bank employee questions and available for department customer inquiry phone rotation.
• Monitor underwriting and pre-qualification inboxes at least two days per week.
• Assists leadership with daily workflow management and report distribution and attend in person department meetings as requested.
• Assists leadership with audit responses to GSE's, private investors and mortgage insurance companies.
• Participate in receipt of and response to inbound bank customer service calls.
• Monitor and follow-up with customer banks when loans are pended for underwriting information.

Leadership/Mentoring:

• Acts as a training resource for Associate Underwriters and Underwriters, Processors and Closers through various collaboration channels; in person, email & via phone.
• Responsible for providing guidance and direction of daily workflow to leadership.
• Assists leadership with daily workflow management and report distribution.

Ideal candidate will possess a Bachelor degree in accounting, finance, banking, business, or other related field or equivalent combination of education and experience sufficient to perform the position functions of the job. Candidate will also have three or more years of underwriting experience related to mortgage loans.