Job added in hotlist
Applied job
Contract job
Recruiter job
Employer job
Expanded search
Apply online not available
Similar Jobs
Commercial Lines Underwriter
Burns & Wilcox Ltd.
Waukesha, WI
Apply Now >
Telecommuting Group Underwriter IV
Virtual Vocations
Milwaukee, WI
Apply Now >
Underwriting Review Specialist Job
National General Insurance
Milwaukee, WI
Apply Now >
Sales - Field Underwriter
Family Protection Center
Milwaukee, WI
Apply Now >
Telecommute Individual Life Insurance Underwriter
Virtual Vocations
Milwaukee, WI
Apply Now >
View more jobs in Milwaukee, WI
View more jobs in Wisconsin

Job Details

Consumer Lending Operations Underwriter II

Company name
BMO Financial Group.

Milwaukee, WI

Apply for this job

1 hit(s)  


Consumer Lending Operations Underwriter II

BMO Financial Group



Job #664002830


The Consumer Lending Underwriter II is an experienced underwriter. This position has developed and maintains an extensive understanding of complex underwriting, data and trends. The Consumer Lending Underwriter II acts as Service Champion back-up when needed to assist Sales & Operation. This Underwriter is required to work effectively with team members to maximize customer service.

Key Accountabilities

(60%) Credit Decisions

Approve loans and concurrences up to pre-approved lending limits


Consumer Loan Quality/Documentation

Assures compliance with all regulations


Fraud Awareness

(5%) Developing Business Relationships

Credit/Lending, Approve or Decline loans –

This job has the credit authority to exercise lending limits to approve quality deals that exceed subordinates’ discretionary limits.

$100,000 Secured/$10,000 Unsecured


- Based upon individual Lending Limits as delegated under the Qualification Process.

Information Access

– This position has authority to access and utilize customer and financial information

Process adjustments

– Based on analysis of audit results this person has the ability to adjust origination processes, upon management approval, to eliminate a deficiency

Evaluate debt ratio, loan-to-value ratio, property valuation as well as other factors to determine creditworthiness

Evaluate and structure loan requests, determining appropriate documentation for approved loans

Evaluate financial risk in conformance with underwriting policies, procedures and methodologies

Assessing loan attributes and documentation for soundness

Analyze and review the file for accuracy, thoroughness and completeness

Know the red flags and ensure that issues that fall outside of the Bank’s and regulatory guidelines are reviewed and escalate questionable issues to management for further review and decisioning.

Provide excellent customer service to the sales channel network through professional written and verbal communication and teamwork

Identify and professionally communicate any areas of improvement needed relating to application

Ensure needs are met or exceeded by resolving complaints in a timely manner

Optimize opportunities by referring cross-sales to the appropriate sales LOB

To deliver on these accountabilities, the incumbent must have the following authorities:

Credit/Lending, Approve or Decline loans to Lending Limit

Access to customer information - this information should only be accessed when needed for information in conjunction with a loan application.

Empowerment – Authority to take action within limitations as established by the business unit management and the incumbent.

The job is accountable for collateral security, risk management and the maintenance of internal and external control standards and effectively employing managerial accountabilities and authorities. This job has direct impact on the achievement of key business unit objectives.

Key measures are as follows: Productivity and performance measurements: Number of processed loan applications, turn-around time, exceptions, team work, and adaptability. Number of processed applications is dependent upon volume. Expected turn-around time is one hour or less. Applications should be underwritten with minimal errors.

Additionally, this role requires the individual to consistently contribute to their goal of Consumer Direct Lending while adhering to all bank defined policies for dress, attendance, continuing education and security directives.


Knowledge and Skills

Bachelors or equivalent work experience with a Mortgage Lender or Financial Institution

5 years of underwriting experience required in retail loan products

Expert knowledge of lending/compliance regulations, underwriting guidelines and credit qualifications

Well-organized, energetic, self-starter with strong research and analytical skills

Strong analytical skills

Critical thinking skills

Excellent customer and customer service (written and oral) skills

Solid PC navigation skills including MS Office application such as Office, Excel, Word, etc

We’re here to help

At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.

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 ~~~/

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 is an Equal Opportunity Employer for all, inclusive of Minorities, Women, Veterans, and Persons with Disabilities.

Job Field:

Retail Lending & Mortgages

Job Schedule:


Primary Location:

United States-Wisconsin-West Allis

Updated 05/14/2018

Company info

BMO Financial Group.
Website :

Company Profile
Established in 1817, BMO Financial Group serves more than 12 million personal, commercial, corporate and institutional customers in North America and internationally.

Similar Jobs:
Underwriting Review Specialist
Location : Milwaukee, WI
Employee Type: Full-Time Location: Milwaukee, WI Job Type: Policy Operations Experience: Not Specified Date Posted: 5/16/2018 Job Description Primary Purpose: Responsible for conducting quality evaluations for Customer S...
Remote Life Insurance Underwriter 3
Location : Franklin, WI
Remote Life Insurance Underwriter 3 Manpower Group • Franklin WI Job #669586928 Manpower is looking for Remote Underwriter 3 for a large Insurance client in Franklin, WI. Remote candidates will travel to Franklin for 3 weeks of tr...
EmploymentCrossing is great because it brings all of the jobs to one site. You don't have to go all over the place to find jobs.
Kim Bennett - Iowa,
  • All we do is research jobs.
  • Our team of researchers, programmers, and analysts find you jobs from over 1,000 career pages and other sources
  • Our members get more interviews and jobs than people who use "public job boards"
Shoot for the moon. Even if you miss it, you will land among the stars.
UnderwritingCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
UnderwritingCrossing is the first job consolidation service in the employment industry to seek to include every job that exists in the world.
Copyright © 2018 UnderwritingCrossing - All rights reserved. 169