Underwriter Manager

Pennymac • Tampa, FL

8h • Onsite

About The Position

Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey. The Underwriter Manager is responsible for managing and supporting the underwriting function in alignment with department policies, practices and standards. As the Underwriter, you will manage an underwriting staff of approximately 5-10 underwriters.

Requirements

• Bachelor’s degree or equivalent work experience
• 5+ years of relevant work experience
• 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

Responsibilities

• 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 support to production staff regarding underwriting and credit policy matters
• Complete second reviews of loan files and resolves exception cases
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

Benefits

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 501-1,000 employees