Manager, TPO Underwriting

AMERICAN HERITAGE LENDING LLC • US,

7d • Hybrid

About The Position

The TPO Underwriting Manager is responsible for implementing underwriting policies & standard practice, and managing all aspects of loan decisions. They determine the economic health of applications; review loan conditions; implement and enforce fraud detection; verify and calculate risk factors of the loan and weigh credit risk to ensure that the liability taken will result in a saleable loan. They communicate decisions to all parties and build relationships with both internal and external parties.

Requirements

• Experience with LP/DU and AUS engine a must.
• Strong organizational skills and attention to detail.
• Understand various mortgage documents.
• Knowledge of FHA regulations and file analysis. Ability to determine if submitted conditions are acceptable, and offer alternative suggestions as needed.
• Working knowledge of investor underwriting and selling guidelines.
• Working knowledge of income calculation methods (per FHA/Agency Guidelines), including but not limited to reviewing Tax Returns and any accompanying Tax Schedules.
• Working knowledge of loan amount calculation of Rate and Term Refinance, Streamline Refinance, etc.
• Ability to keep up to date with new developments with FHA loan programs.
• Ability to follow written and verbal directives.
• Ability to analyze large volumes of financial data.

Nice To Haves

• Mortgage Underwriter License preferred; completion of pre-licensure 20-hour education program must be completed in 90-days with passing test results.
• Management experience preferred

Responsibilities

• Reviews all FHA loan components in the file for completeness, accuracy and integrity while ensuring that documents are consistent and uphold the company and industry guidelines.
• Examines transaction and investor manual/guidelines to ensure compliance with all investor guidelines.
• Reviews and analyzes appraisals, preliminary title work, and purchase contracts.
• Weighs credit risk to ensure that the liability taken on by the company will result in a saleable loan.
• Implements and enforces fraud detection techniques.
• Requests supplemental information as necessity dictates.
• Recognizes risk factors that may compromise the overall quality of a loan file.
• Executes loan decisions and review loan conditions in a timely manner
• Manage Underwriting team

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed