Overview

Old National Bank was established in 1834. Today we are the largest financial services holding company headquartered in Indiana. We provide an array of services to our clients which include Retail Banking, Investments, and Wealth Management. At Old National we believe that by helping our associates balance work life with home life, we create a more productive workforce and a stronger company.

In 2020, Ethisphere Institute announced Old National Bank as one of the World's Most Ethical Companies for the ninth consecutive year.

We are currently seeking a Mortgage Underwriter position for Madison, WI, Evansville, IN, Chaska, MN, Tecumseh, MI, Grand Rapids, MI or Holland, MI region. The Mortgage Underwriter is responsible for ensuring quality loans for the company by underwriting and evaluating Conventional residential mortgage applications originated by the company's mortgage loan officers. This includes approving, counteroffering or denying residential loan applications within the department's stated service level agreement(s), as well as working with mortgage loan officers to assist them in qualifying loan applicants.

Responsibilities:

• Underwriting residential mortgage applications originated by the company's mortgage loan officers, including appraisal review. As a part of the underwriter process, the underwriter will approve, counteroffer, or decline residential loan applications within delegated lending authority, ensuring that files are fully underwritten to applicable guidelines including those of the secondary market.


• Stay current with various industry and organizational trends and changes including changes with underwriting guidelines, mortgage products, PMI updates, while serving as an 'expert' in various areas related to mortgage underwriting.


• Monitoring the department email box to complete requests and research while providing guidance to questions from the Loan Officer, Sales Manager and Processor as well as processing all the Prequal declines.


• Assist with special projects and assignments as requested, including Dial & Learn presentations to mortgage loan officers

• Education: Associate's or bachelor's degree preferred


• Yrs of Experience: Varies based upon level. Typical required years of related experience by level are - Mortgage Underwriter I (1 + years), Mortgage Underwriter II (3+ years)


• Certifications/Advanced Degree: Tier II Underwriters must possess VA or FHA Endorsements


• PC/Microsoft Office experience required


• Strong verbal and written communication skills


• Strong administrative/organizational skills

Mortgage Underwriter I (Grade 46): An entry-level underwriter who possesses basic technical skills, knowledge and ability. An underwriter I primarily reviews conventional mortgage loans. A Mortgage Underwriter I generally has loan approval limits of up to $500,000.

Mortgage Underwriter II (Grade 47): An experienced underwriter generally with 3 + years of experience, a Mortgage Underwriter II is responsible for underwriting mortgage loans ranging up to the most complex, including FHA, VA and specialty loans. A Mortgage Underwriter II possesses strong technical skills and generally has loan approval limits up to $650,000.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Talent Acquisition Director, VP, to fill a specific position.