Description
WHY WHEDA?
WHEDA serves Wisconsin residents and communities by working with others to provide creative financial and technical resources to stimulate and preserve affordable housing, small businesses, and agriculture.
WHEDA employees participate in the State of Wisconsin benefit package (https://www.wheda.com/about-wheda/careers/benefits). WHEDA offers an excellent benefits package that includes: Medical, Vision, and Dental Insurance, State Retirement plan; 457 Deferred Compensation, Group Term Life Insurance (and optional term life insurance for family members), Disability Insurance, paid sick leave, paid vacation time twenty-eight (28) personal holiday hours, twelve (12) paid legal holidays per year, tuition reimbursement program.
WHEDA is an equal opportunity and Affirmative Action employer seeking a diverse and talented workforce. Veterans are also encouraged to apply.
WHEDA has a hybrid work policy where certain employees may enjoy a remote work schedule, based on position and business needs. See more details below related to this specific position.
WHEDA is seeking an Underwriter 2 to join our Single-Family Team in our Madison facility. Wisconsin residency required.
SALARY: Hiring Range for this position is from $65,708 to $80,940 Annually. Offered Salary will be based on qualifications and internal pay equity. WHEDA provides a competitive salary and WHEDA employees participate in the State of Wisconsin benefit package which includes retirement, health insurance and deferred compensation programs.
POSITION OVERVIEW:
The position of Single-Family Underwriter 2 is responsible for review and evaluation of single-family housing loans, ensuring compliance and creditworthiness. Performs as a more senior Underwriter, also providing coaching and mentoring to Underwriter 1.
ESSENTIAL DUTIES:
- Reviews and evaluates loans for creditworthiness and compliance with program
- requirements, which includes analyzing income, credit, assets, and property;
- conducting compliance analysis; reviewing applications; and performing other
- due-diligence activities.
- Provides customer service responding to questions by applicants, and communicating loan decisions including approvals, denials, and problem resolution.
- Manages individual pipeline daily by completing daily assigned underwriting reviews, condition reviews and other underwriting tasks within established turn times.
- Participates in developing and implementing policies and procedures
- Participates in the development, testing, and implementation of new products or systems related to residential credit
- Provides training and outreach for external and internal customers, which includes developing training content, selecting materials, and facilitating training sessions
- Performs or assists with other duties as assigned
QUALIFICATIONS:
- Associates Degree in real estate, finance, or related field, AND 2 years of experience as an Assistant Underwriter or Underwriter 1; OR equivalent combination of education and experience
- Direct Endorsement (DE) designation required.
KNOWLEDGE AND SKILLS:
- Knowledge of mortgage industry, specifically underwriting principles and practices
- Applicable Federal, State, and local laws, rules, and regulations including knowledge of FNMA and
- FHLMC guidelines, FHA/HUD guidelines
- Proficiency with automated underwriting systems such as Loan Product Advisor (LPA) and Desktop
- Underwriter (DU) DO, and Total Scorecard ?
- Underwriting principles and practices;
- Credit report review principles and practices;
- Problem analysis and applicable solution options
- Proficiency in interpreting Automated Underwriting System ()
- Attention to detail and proficiency in data accuracy
- Excellent customer service, verbal and written communication skills
- Problem solving skills and ability to work under pressure
- Successful prioritizing and management of work projects
- Maintains confidentiality related to internal/ external customers and any other information obtained in this role
This position has a work schedule that will initially be 100% in-office. After training is complete, it is at the discretion of the direct manager when the employee may begin a hybrid work schedule.
APPLICATION DEADLINE: This position will remain posted until filled.
Questions may be directed to whedahr@wheda.com.
This position is not eligible for a work-related immigration visa sponsorship.
We request you do not include a photo of yourself with your application for employment. Any submitted will be removed prior to viewing by hiring leaders. Thank you.
An Equal Opportunity Employer Operating Under an Affirmative Action Plan.
To be considered for positions all applications must be complete.
PI280560592
