BMO Financial Group Consumer Lending Operations Underwriter II in West Allis, Wisconsin
The Consumer Lending Underwriter II is an experienced underwriter. This position has developed and maintains an extensive understanding of complex underwriting, data and trends. The Consumer Lending Underwriter II acts as Service Champion back-up when needed to assist Sales and Operation. This Underwriter is required to work effectively with team members to maximize customer service. Knowledge and Skills Bachelors or equivalent work experience with a Mortgage Lender or Financial Institution5 years of underwriting experience required in retail loan products Expert knowledge of lending/compliance regulations, underwriting guidelines and credit qualifications Well-organized, energetic, self-starter with strong research and analytical skills Strong analytical skills Critical thinking skills Excellent customer and customer service (written and oral) skills Solid PC navigation skills including MS Office application such as Office, Excel, Word, etc
(60%) Credit Decisions Evaluate debt ratio, loan-to-value ratio, property valuation as well as other factors to determine credit worthiness Evaluate and structure loan requests, determining appropriate documentation for approved loans Evaluate financial risk in conformance with underwriting policies, procedures and methodologies Approve loans and concurrences up to pre-approved lending limits(20%) Consumer Loan Quality/Documentation Assessing loan attributes and documentation for soundness Assures compliance with all regulations.
(15%) Fraud Awareness Analyze and review the file for accuracy, thoroughness and completeness Know the red flags and ensure that issues that fall outside of the Banks and regulatory guidelines are reviewed and escalate questionable issues to management for further review and decisioning.
(5%) Developing Business Relationships Provide excellent customer service to the sales channel network through professional written and verbal communication and team work Identify and professionally communicate any areas of improvement needed relating to application Ensure needs are met or exceeded by resolving complaints in a timely manner Optimize opportunities by referring cross-sales to the appropriate sales LOB Authorities To deliver on these accountabilities, the incumbent must have the following authorities: Credit/Lending, Approve or Decline loans This job has the credit authority to exercise lending limits to approve quality deals that exceed subordinates discretionary limits.$100,000 Secured/$10,000 Unsecured authority - Based upon individual Lending Limits as delegated under the Qualification Process. Information Access This position has authority to access and utilize customer and financial information Process adjustments Based on analysis of audit results this person has the ability to adjust origination processes, upon management approval, to eliminate a deficiency Credit/Lending, Approve or Decline loans to Lending Limit Access to customer information - this information should only be accessed when needed for information in conjunction with a loan application. Empowerment Authority to take action within limitations as established by the business unit management and the incumbent. Scope and Impact The job is accountable for collateral security, risk management and the maintenance of internal and external control standards and effectively employing managerial accountabilities and authorities.
This job has direct impact on the achievement of key business unit objectives. Key measures are as follows: Productivity and performance measurements: Number of processed loan applications, turn-around time, exceptions, team work, and adaptability. Number of processed applications is dependent upon volume. Expected turn-around time is one hour or less. Applications should be underwritten with minimal errors. Additionally, this role requires the individual to consistently contribute to their goal of Consumer Direct Lending while adhering to all bank defined policies for dress, attendance, continuing education and security directives.
Bachelors or equivalent work experience with a Mortgage Lender or Financial Institution5 years of underwriting experience required in retail loan products Expert knowledge of lending/compliance regulations, underwriting guidelines and credit qualifications Well-organized, energetic, self-starter with strong research and analytical skills Strong analytical skills Critical thinking skills Excellent customer and customer service (written and oral) skills Solid PC navigation skills including MS Office application such as Office, Excel, Word, etc
At BMO Harris Bank, we have been helping our customers and communities for over 130 years. Working with us means being part of a team of talented, passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.
To find out more visit our website atwww.bmoharris.com/careers.
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. We are an Equal Opportunity Employer. By embracing diversity, we gain strength through our people and our perspectives. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
Retail Lending & Mortgages
United States-Wisconsin-West Allis