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Credit Policy Analyst

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POST DATE 9/3/2016
END DATE 12/19/2016

MGIC Milwaukee, WI

Company
MGIC
Job Classification
Full Time
Company Ref #
29516191
Location
Milwaukee, WI
Job Type
Regular
AJE Ref #
576087769

JOB DESCRIPTION

ABOUT US:
We are a private mortgage insurer with $175.0 billion primary insurance in force covering approximately one million mortgages (as of March, 31, 2016.) MGIC provides a critical component of our country's residential mortgage finance system, protecting mortgage investors from credit losses. Mortgage insurance from MGIC also benefits consumers by making affordable low-down-payment mortgages a reality. Bottom line...We put people into homes sooner! #WeAreMGIC

A DAY IN THE LIFE OF OUR CREDIT POLICY ANALYST:
As a Credit Policy Analyst you will be a part of our rapidly growing Credit Policy Department, reporting directly to the Manager of Credit Policy. This person will analyze competitor and agency guidelines changes and the impact on risk analysis and policy changes. This role requires critical thinking, evaluating large amounts of information to provide recommendations for acceptability related to risk, and negotiation.

In addition, you can expect to:
*Monitor agency announcements and guideline changes,
*Communicate timely and effectively to Manager of Credit Policy and other departments as applicable to ensure alignment with current investor requirements, laws and best mortgage practices
*Provide guidance and assistance to external department and interpretation of credit policy, implementation of underwriting guidelines, and ensuring compliance thereof
*Responsible for the analysis.
*Responsible for determining the acceptability or programmatic and/or certain loan level exceptions to MGIC's guidelines and/or credit policies requested by lender, or account manager after thoroughly researching lender performance history, past exception levels, and overall risk in current environment.
*Acts as an expert resource to other departments who may be evaluating individual loan exceptions, re-underwriting files or making decisions on acceptable risk.

WHAT\'S IN IT FOR YOU
*Competitive Salary & Benefits
*Profit Sharing
*401(k) with a company match
*Pension Plan
*On-site Fitness Center and Classes (corporate office)
*Paid-time off and paid company holidays
*Paid Parental Leave
*Tuition reimbursement

WHAT WE\'RE LOOKING FOR:
*Completion of Bachelors Degree.
*3+ years or more in information and/or data analysis related to risk underwriting.
*Strong analytical and problem-solving skills
*Thorough knowledge of mortgage industry and an understanding of underwriting
*Excellent customer services skills and communication skills (verbal and written)
*Ability to handle multiple priorities and meet deadlines with quality in a fast-paced environment

A LITTLE MORE ABOUT US!
Our Head Quarters are located in downtown Milwaukee, a place that offers something for everyone with its big-city attractions and small-town atmosphere. MGIC is a seven time recipient of the Milwaukee Journal Sentinel Top Work Places award. This is an award based on the opinion of our company's greatest asset, our talented and dedicated workforce! We are committed to being an active and positive member of the local Milwaukee community. Along with our co-workers, we support many local initiatives including:
*United Way
*United Performing Arts Fund
*Habitat for Humanity
*Junior Achievement
*Public Television Channel 10/36 Auction

MGIC offers a comprehensive benefit package which includes medical and dental insurance, pension, profit sharing and 401(k) savings. We offer an on-site fitness center, wellness initiatives and a business casual dress policy.

We are proud to be an Equal Opportunity Employer. We maintain a drug-free workplace and perform pre-employment background and substance abuse testing.