Commercial Underwriter

BMO

Virtual, IL, US
Base: $63,300.00 - $117,200.00; bonus/equity: may ...
8+ years mortgage underwriting experience
Fha and va loan expertise required
Hud handbook 4155.1 and 4155.2 knowledge
The Commercial Underwriter analyzes new customer credit applications and makes credit decisions in accordance with established credit-granting principles

Job Summary

  • The Commercial Underwriter analyzes new customer credit applications and makes credit decisions in accordance with established credit-granting principles.
  • Candidates must possess expert knowledge of HUD Handbooks 4155.1 and 4155.2 along with extensive experience in FHA and VA loans.
  • BMO offers a comprehensive benefits package including health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

Matching Summary

The Commercial Underwriter analyzes new customer credit applications and makes credit decisions in accordance with established credit-granting principles.

Salary

Base: $63,300.00 - $117,200.00; Bonus/Equity: May include commission structure and performance-based incentives; Benefits: Health insurance, tuition reimbursement, accident and life insurance, retirement savings plans

Skills & Requirements

Must-have

  • 8+ years mortgage underwriting experience
  • FHA and VA loan expertise required
  • HUD Handbook 4155.1 and 4155.2 knowledge
  • DU/LP web-based approval systems proficiency
  • Complex income structure analysis skills
  • In-depth pipeline management capabilities

Nice-to-have

  • Prior relationship management experience
  • Strong influence and collaboration skills
  • Data-driven decision making abilities
  • Change management plan development
  • Tailored messaging and communication skills

Key Requirements

  • 8+ years of relevant experience
  • Post-secondary degree in Business or related field
  • Expertise in secondary market guidelines
  • Thorough knowledge of software used to capture credit applications

Work Rights

Not specified

Tailored Resume

Cover Letter