BMO Financial Group Mortgage Underwriter (Remote) in Virtual, Illinois
VIRTUAL13 - HomeRes - IL
Job Family Group:
Remote Mortgage Underwriter
The Mortgage Underwriter reviews all credit, asset, income and collateral documentation to make a credit decision/recommendation in accordance with BMO’s credit granting principles, for both conventional and FHA mortgages.
Analyzes new customer credit applications and makes credit decisions/recommendations.
Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
Provides advice and guidance to assigned business/group on implementation of solutions.
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
Helps determine business priorities and best sequence for execution of business/group strategy.
Conducts independent analysis and assessment to resolve strategic issues.
Collaborates with internal and external stakeholders to deliver on business objectives.
Broader work or accountabilities may be assigned as needed.
3+ years of mortgage underwriting experience required
Direct Endorsement certification from HUD (CHUMS #) a plus
Experience with web-based approval systems (DU/LP) required
Strong comprehension of complicated income structures, including income from multiple sources (e.g. self-employment, rental or trust income, etc.)
In-depth knowledge of competitive marketplace and trends in product offerings
In-depth knowledge of cash flow, credit, and evaluating collateral
In-depth knowledge of complex credit request structures that minimize risk while providing value to the customer
Working knowledge of credit policies, procedures, principles, and philosophy
Thorough knowledge of software used to capture credit applications
Strong ability to analyze complex financials and tax returns
Strong familiarity with credit financial analysis techniques.
Excellent verbal & written communication skills
We’re here to help
At BMO Harris Bank we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmoharris.com.
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
BMO Financial GroupServing customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.