Senior Underwriter - Loss Mitigation Administrator at The Park Bank

Fitchburg, Wisconsin, United States -

Full Time

Start Date

Immediate

Expiry Date

18 May, 26

Salary

0.0

Posted On

17 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Loss Mitigation, Residential Mortgages, Consumer Loans, Credit Profile Examination, Asset Review, Income Review, Automated Underwriting Engines, Manual Review, Underwriting Audits, FNMA Reporting, Loss Mitigation Program Evaluation, Customer Guidance, Debt-to-Income Ratio Calculation, Loan-to-Value Calculation, Compliance Regulations

Industry

Banking

Description

Description Position Summary: This position is responsible for underwriting residential mortgages and consumer loans to ensure compliance with secondary market, independent investor, mortgage insurance company and internal bank requirements. Responsibilities include a detailed examination of the loan credit profile, asset/income profile, the collateral and other loan documents. This position will be responsible for reviewing the more complex loan submissions as well as act as a subject-matter-expert/resource for the mortgage loan production/operations team. The individual will utilize the appropriate automated underwriting engines as well as perform manual reviews of in-house loan submissions. This position will communicate and work closely with Mortgage Lenders, Mortgage Processors, and Closers as well as other internal/external clients. This position is responsible for performing monthly underwriting audits on active loans, reporting audit results to management, working with outside vendors and FNMA to facilitate external audits and keeping abreast of new quality control/underwriting requirements and participating in the creation and implementation of related procedures. This position is also responsible for evaluating non-performing loans, determining the best suited loss mitigation program and guiding the customer through the process. Additional assignments may include the management of delinquent taxes, FNMA reporting, submitting reimbursement claims, tracking collection efforts and working directly with customers on loan renewals. Requirements Essential Functions & Duties: Calculating income, debt-to-income ratios and loan-to-value to ensure results meet appropriate lender guidelines Providing a synopsis of loan strengths and weaknesses on in-house loans Ensuring accuracy of FNMA Desktop Underwriter findings Building strong relationships with internal staff including Mortgage Advisors, Processors and Closers. Qualifications: Required Education and Experience High school diploma or equivalent 5+ years’ experience in Underwriting or related work; or equivalent combination of experience and education. Preferred Education and Experience Post-secondary degree/classes Additional Eligibility Requirements Basic math skills, knowledge of underwriting, and compliance regulations Strong attention to detail with solid organizational and time management skills to be able to work independently and handle multiple priorities under pressure of time constraints Ability to identify problems and develop procedures to resolve or correct situations Excellent customer service, written and verbal communication skills Why Work for Park Bank? Robust Benefit Package Including Medical, Dental, Vision, etc. Four Different Benefit Packages to Choose What Fits Your Needs Best 10 Paid Holidays (Including Your Birthday) PTO That Increases Each Year of Service Generous 401K Company Match Wellness Reimbursement Program Associate Resource Groups (ARGs) Eligibility to participate in Bank-wide Bonus Program Hybrid Work Schedule Available And more! Park Bank is a drug free workplace. All candidates selected for new employment with Park Bank will be required to submit to drug testing after a conditional offer of employment. Employment is contingent on the associate passing the drug test. Credit, Criminal and Driving history will be reviewed when making final employment decisions consistent with applicable laws. Park Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status and protected veteran status. Park Bank is committed to providing individuals with disabilities with reasonable accommodations in its job application and hiring process. If you have difficulty using our online application system because of a disability, you may contact us at the following email address and phone number: humanresources@parkbank.com or 608.301.8674. The Immigration Reform and Control Act of 1986 require employers to verify the employment status of each person hired. Through UnitedHealthcare, UMR and HealthSCOPE Benefits is the published Machine-Readable Files on behalf of Park Bank. Please click to review: Transparency in Coverage

Responsibilities

This role involves underwriting residential mortgages and consumer loans to ensure compliance with various market and internal requirements, including detailed examination of loan profiles and documents. The individual will also act as a subject-matter expert, perform underwriting audits, and evaluate non-performing loans to determine the best loss mitigation program.