BMO Financial Group Mortgage, Repurchase Analyst in Naperville, Illinois


Under the direction of the Specialized Credit, Community Operations Leader, this role is responsible for review; research and decision of third party investor repurchase demands. This role is accountable to monitor investor/mortgage insurance loan file requests and ensure all necessary documentation is delivered in a timely manner, including any follow up responses, appeal, and/or rebuttals.

This role is also accountable for the review, research and analysis of all first mortgage partial release requests.

(80%) Operational Effectiveness

  • Receive and process monthly loan file request from third party investors and all BMO Harris approved mortgage insurance vendors.

  • Properly track and report to the Credit Risk Management Committee (CRMC)

  • Conduct detailed reviews of loan files that require a rebuttal as a result a repurchase request or a mortgage insurance rescission requests searching for information that allows a written appeal to be submitted to the investor or MI company

  • Prepare written rebuttal of repurchase request and mortgage insurance rescission requests

  • Coordinate and communicate with the Harris Servicing department in the event that a loan is required to be repurchased or if mortgage insurance has been rescinded

  • Receive, review, analyze and respond to partial collateral release requests for residential first mortgage loans serviced by BMO Harris

  • As needed, participate on special projects that would require knowledge of the Mortgage Operations Underwriting process

  • Escalates areas of concern to manager for further review and possible further escalation.

(20%) Risk Management

  • Acts in full compliance with all Bank policies, directives/procedures and external regulations to protect the Bank’s assets.

  • Identifies risks associated with mortgage loan files, escalating issues to Sr. Investor Quality Control Specialist.

  • Adheres to all Service Level Agreements and performance guidelines with Retail Lending and with third party Investors and Mortgage Insurance Companies.

  • Ensures all necessary documentation is completed for all transactions.

  • Handles all customer information with highest level of confidentiality and security.

  • Project a professional and consistent image by adhering to organization’s brand, corporate identity and standards at all times.

Other: Provide back-up support to Subordination Specialist role



  • Minimum of 5 years of residential mortgage underwriting or related experience

  • Undergraduate degree or equivalent work experience

  • Working knowledge of real estate lending products, regulatory compliance and secondary market guidelines (FNMA/FHLMC).

  • Working knowledge of BMO Harris and industry product offerings

  • The position requires a working knowledge of consumer credit transactions with regard to underwriting, loan structure, documentation, and origination channel.

  • Understanding of Residential Real Estate Mortgage appraisal requirements.

  • Knowledge of residential first mortgage loan documentation requirements

  • Working knowledge of compliance requirements of residential first mortgage loans.


  • Ability to work independently using the knowledge set to review, research, analyze and respond to all third party investor repurchase requests.

  • Excellent judgment, logic and reasoning

  • Computer literate and strong familiarity with credit financial analysis techniques/tools

  • Working retail lending underwriting skills

  • Excellent verbal/written communication skills

  • Solid problem solving skills

  • Proven planning and organizing skills and ability to manage multiple priorities

  • Ability to work effectively across multiple lines of business

This position requires Credit Qualification. The incumbent must possess a Working level of Credit knowledge and skills and a Working level of Portfolio Management knowledge and skills according to the standards established within the Credit Qualification Process Policies & Procedures.

At BMO Harris Bank, we have been helping our customers and communities for over 130 years. Working with us means being part of a team of talented, passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.

To find out more visit our website at .

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. We are an Equal Opportunity Employer. By embracing diversity, we gain strength through our people and our perspectives. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Job Field:

Retail Lending & Mortgages

Job Schedule:


Primary Location:

United States-Illinois-Naperville