Wisconsin Housing and Economic Development Authority (WHEDA) · 1 month ago
UNDERWRITER 2-SINGLE FAMILY
Madison, WI, US
Full-time
Hybrid
Entry, Mid Level
$66K/yr - $81K/yr
2+ years expWisconsin Housing and Economic Development Authority (WHEDA) is seeking an Underwriter 2 to join their Single-Family Team in Madison. The role is responsible for reviewing and evaluating single-family housing loans for compliance and creditworthiness while providing coaching and mentoring to junior underwriters.
Financial Services
No H1B
Responsibilities
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
Qualification
Required
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 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
Benefits
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
Company
Wisconsin Housing and Economic Development Authority (WHEDA)
THE Authority on housing.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Elmer Moore
CEO and Executive Director
Dan Zadra
Chief Information Officer
Recent News
2025-12-09
Seattle TechFlash
2025-05-30
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