The Manager of Underwriting will manage a staff of approximately 5 to 10 underwriters reviewing loans originated through the retail channel.
Manage an underwriting staff of approximately 5-10 underwriters
Ensure underwriting service levels are achieved
Ensure underwriting quality meets company and investor standards
Carry out personnel management including hiring, counseling, training.
Continuously evaluate processes to ensure application of best practices and maximize staff utilization
Provide training as needed to underwriting staff ensuring that all staff are adequately informed of program guidelines and underwriting practices
Provide support to production staff regarding underwriting and credit policy matters
Completes second reviews of loan files and resolves exception cases
Direct the underwriting activities and manage performance for underwriters and senior underwriters in the retail channel;
Oversee all staff training and development;
Provide coaching and training as necessary;
Review underwriting exception requests as permitted by policy;
Manage staff productivity including adherence to service levels;
Work with various levels of company management regarding underwriting and credit policy matters;
As requested, provide expertise in loan program and credit policy development;
Other projects as assigned.
Demonstrate behaviors which are aligned with the organization’s desired culture and values
Ideal Candidate will have the following:
Current and extensive knowledge of FNMA/FHLMC, FHA, and VA program guidelines.
Experience analyzing financial statements for high net worth borrowers
A thorough understanding of cash flow methodology for complex tax returns including, but not limited to, partnerships, corporations, S-corporations, as well as, treatment of capital gains and trust income
Must be highly proficient in Excel and Word
Must be a team player with strong attention to detail and able to work independently
Proven track record at delivering timely and accurate information in a fast-paced environment
Excellent critical thinking, problem solving, mathematical skills and sound judgment
Financial Services and, if possible, mortgage industry experience preferred
Strong business acumen and ability to interface with executive management