Loan Underwriter Iii Jobs

Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we’re dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $50 billion in assets.

Why join us?

• With 175+ community bank locations, we offer opportunities to grow and develop in your career
• Competitive pay and discretionary or incentive bonus eligible
• Family-friendly work hours
• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 8 years) and Employee Recommended award by the Globe & Mail (past 6 years)
• Promote from within culture
• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few

Why join this team?

• We have a culture that encourages an entrepreneurial spirit
• We offer multiple opportunities for development and upward mobility

What You'll Do

As a Loan Underwriter III, you will be view as one of our senior financial professionals responsible for assisting in the loan application process by determining the risk-level of working with an applicant. Your duties include researching a client’s credit, income and assets, reviewing applications based on policy guidelines and performing risk assessment reports. Responsibilities include the following:

• Ensures all loans underwritten will be eligible for sale to end investor and insured by appropriate government agency with adherence to guidelines and statutory limits. Ensures all loans meet program requirements for program selected.
• Underwrites appraisals for all loan types.
• Clears High Impact Alerts in fraud detection tool and reviews processing cleared items to insure misrepresentation risk is mitigated for all loans.
• Handles complex loans and are leveraged to train other less experienced Underwriters
• Provides all follow- up in terms of conditions of initial approval, suspension or decline for all files underwritten and determines acceptability of items received.
• Underwrites loans to determine acceptable compliance with relevant agency, investor and internal guidelines and lending authority limit.
• Maintains maximum 48 hours turn time on all new files, resubmissions and conditions.
• Validates all AUS findings in submissions to determine all findings are met. Obtains second signature from management for all loans exceeding lending authority.

Qualifications

• FHA DE/CHUMS and/or VA/SAR designations a plus
• Jumbo/Non-conforming underwriting experience a plus
• IDHA underwriting experience
• Minimum 5-7 years current underwriting experience
• High school diploma or equivalent
• Attention to detail and accuracy is a must

Benefits

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance

#LI-REMOTE

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago’s Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.