About This Role
Mortgage Underwriters are responsible for preparing, processing, and underwriting mortgage loan files and evaluating secondary market applications. This role involves working with mortgage lenders and processing staff to meet customers' financial needs with Nicolet's loan products.
Responsibilities
- Independently screen loan applications to determine customer loan eligibility by compiling and analyzing personal financial data, proposed loan structure or product, and other relevant data
- Approve or reject loan applications based on findings and, when appropriate, propose an alternative loan structure or product
- Prepare written confirmation of findings including system coding, denial notice preparation, HMDA coding, and uploads into the Director record-keeping system
- Exercise discretion and independent judgment to assess loan quality of proposed loans to confirm that the loan file is underwritten to reasonably comply with specific GSE guidelines and investor overlays to decrease potential for loan repurchase
- Interpret relevant guidelines that may be issued by federal or state agencies or investors and conduct research to make underwriting decisions
- Establish underwriting conditions needed to clear loans to close and communicate those conditions to lenders and processors
- Work as liaison between investors and lenders on loan products that Nicolet is not able to approve
- Clear all file pends from investors and third-party audit companies
- Assist the Underwriting Manager with training of new and existing employees on accurate data input for accurate findings and applications
- Answer phone inquiries from lenders, staff, and customers to resolve issues and ensure customer satisfaction
- Interpret guideline changes for different loan products and varying overlays of investors and communicate concise information to frontline as needed
- Evaluate, analyze, and recommend products and/or process changes that would increase efficiency, ensure competitiveness, and reduce costs or redundancies
- Attend webinars, review ALLREGS, and attend investor seminars as volume allows to keep underwriting and investor guidelines' knowledge current
- Work with Underwriting Manager to coordinate productive, informative retail meetings, assisting frontline with meeting Nicolet’s goals and customer expectations
- Uphold Nicolet’s philosophy and policies by maintaining appropriate controls to ensure full compliance with applicable laws and regulations
- Understand and communicate the value of diversity within the workplace and to work successfully with others without regard to age, gender, race, sexual orientation, ethnicity, culture, religion, disability status, socioeconomic status or other non-job-related classification
- Perform all other duties as assigned
