Mortgage/Retail Underwriter

In 1908, State Bank of Cross Plains opened our doors with one goal in mind: to make our vision of helping others achieve their dreams a reality. Since we believe that anything is possible with the right people by your side, we aim to be a knowledgeable financial partner who helps the Dane County community and surrounding area accomplish their goals—and then set new ones. With our unique community bank culture, competitive wages and benefits and opportunities for growth, we offer our employees the ability to make a difference for our customers in helping them reach their financial dreams.

We are seeking a detailed and self-motivated professional to join our Verona office as a Mortgage/Retail Underwriter!  This position is responsible for underwriting all first mortgage, secondary market and in- house loans with knowledge of FHLB, Fannie Mae, Freddie Mac, WHEDA, and mortgage insurance underwriting and compliance guidelines and SBCP loan policy.  This position is also responsible for underwriting all retail loans according to SBCP loan policy.  The Mortgage/Retail Underwriter is responsible for assuring loan policies and procedures are adhered to throughout the loan process.

Mortgage Underwriting

• Underwrite all first mortgage applications for accuracy, compliance, SBCP loan policy, secondary market guidelines and product guidelines
• Receive, review and communicate underwriting guideline changes to staff
• Assist loan officers and processors with underwriting questions

Retail Underwriting

• Verify appropriate application documents are properly executed for new loans
• Provide accurate financial analysis
• Confirm lending guidelines are met for loan request approval
• Prepare all disclosures for second mortgage loans

• Order and review appraisal or evaluations when guidelines require
• Order and review title work and flood determinations
• Review and process maturing loans
• Maintain and provide Retail Loan Rate Sheet
• Present educational, procedural and compliance materials to staff

Compliance Monitoring

• Responsible to assure timely decisions are made in accordance with Regulation B

• Perform secondary review of denials
• Prepare and provide adverse action notices when applicable
• Ensures accurate HMDA reporting

• Bachelor’s degree in Finance, Accounting, Business and/or similar field of education and/or 2-5 years of previous work experience in mortgage/retail/consumer underwriting or processing
• Strong analytical and problem-solving skills.  Previous work experience in retail or mortgage underwriting preferred.   
• Working knowledge of underwriting requirements for secondary market investors, private mortgage insurance, and internal loan policy
• Comprehension of loan documents and required disclosures and all compliance regulations involving Truth-In-Lending, RESPA, etc.
• Good working knowledge of Microsoft Office suite with the ability and willingness to learn new programs and software.
• Familiarity with mortgage/retail origination software and automated underwriting systems.  This may be accomplished through on the job training.
• Well-developed interpersonal and communication skills to be able to interact and communicate with a diverse group of individuals
• Excellent organizational skills, including ability to prioritize and remain calm while working in a fast-paced/deadline driven environment
• Demonstrated ability to juggle multiple competing tasks and demands to meet deadlines while remaining calm under pressure
• Strong attention to detail with excellent follow up skills and the ability to proof own work as well as others
• Willing team player with the ability to put forth the extra effort necessary to make the office a successful operation including the willingness to put in extra time when needed and/or to attend required & recommended outside educational programs, seminars, etc.
• Ability to maintain confidential customer information

This position is a full time position with hours of 8am – 5pm Monday-Friday. 

The State Bank of Cross Plains values a diverse workforce and is an Affirmative Action/Equal Opportunity Employer. Minorities, Females, Veterans, and Individuals with Disabilities encouraged to apply.

Consistent with State Bank of Cross Plains’ commitment to employ and advance qualified individuals with disabilities, State Bank of Cross Plains provides reasonable accommodation to apply for or perform a job. Some examples of reasonable accommodation include alternate methods to apply, providing documents in an alternate format, altering work procedures, specialized equipment or use of an interpreter. If an individual needs reasonable accommodations to apply or perform a job here at State Bank of Cross Plains, please contact Human Resources at (608) 849-2700 or email us.