Commercial Underwriter

BMO Financial Group

IL, US
Base: $49,500.00 - $91,300.00; bonus/equity: may i...
5-7 years first mortgage underwriting experience
Expert knowledge of hud handbook 4155.1 and 4155.2
Experience with web based approval systems du/lp
The role involves analyzing new customer credit applications and making credit decisions in accordance with established credit-granting principles

Job Summary

  • The role involves analyzing new customer credit applications and making credit decisions in accordance with established credit-granting principles.
  • Candidates must possess expert knowledge of real estate lending products, regulatory compliance, and secondary market guidelines.
  • BMO Financial Group offers a comprehensive benefits package including health insurance, tuition reimbursement, and retirement savings plans.

Matching Summary

The role involves analyzing new customer credit applications and making credit decisions in accordance with established credit-granting principles.

Salary

Base: $49,500.00 - $91,300.00; Bonus/Equity: May include commission structure; Benefits: Health insurance, tuition reimbursement, accident/life insurance, retirement savings

Skills & Requirements

Must-have

  • 5-7 years first mortgage underwriting experience
  • Expert knowledge of HUD Handbook 4155.1 and 4155.2
  • Experience with web based approval systems DU/LP
  • In-depth pipeline management experience
  • Strong financial statement analysis skills

Nice-to-have

  • Knowledge of affordable lending programs like IHDA
  • Understanding of competitive marketplace trends
  • Experience with secondary market guidelines
  • Ability to propose creative solutions
  • Strong verbal and written communication skills

Key Requirements

  • Post-secondary degree in Business or related field
  • 5-7 years of relevant experience required
  • Working knowledge of credit scoring and risk management

Work Rights

Not specified

Tailored Resume

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