VP, Underwriting Manager
About The Position
As a VP, Underwriting Manager, you'll be responsible for the leadership and management of a team of underwriters to achieve the Company’s production and quality goals. The ideal candidate must possess extensive conventional, government and jumbo lending experience with an in-depth knowledge of mortgage processes. In addition, you'll manage the day-to-day as a hands on manager, prioritizing of assignments, and the ability to work with a large team of staff members. You'll be expected to understand the Bank's policies and procedures, and adhere to all laws, rules, regulatory and compliance regulations.
Requirements
- 7+ years of related experience in Residential Mortgage Loan Underwriting or similar field.
- High school diploma required
- Previous leadership experience required.
- Intermediate to advanced knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations, capital markets and/or other residential mortgage products and services.
- Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
- Advanced knowledge of mortgage loan products, lending principles and regulatory compliance.
- Extensive understanding of mortgage lending principles and underwriting guidelines, including FHA, VA, and conventional loans, loan processing and automated underwriting systems.
- Knowledge of mortgage lending principles and underwriting guidelines including self-employed borrowers, partnership, corporation tax return analysis, Appraisal Reviews, condo project reviews, Trust, Leasehold and Power of Attorney documentation.
- Intermediate to advanced experience in understanding and knowledge of technology that supports mortgage banking, Encompass (LOS) and core systems and MS Office products.
- Advanced speaking and writing communication skills.
Nice To Haves
- Bachelor's degree in related field preferred.
- DE, SAR or equivalent certification preferred.
Responsibilities
- Manage underwriters to ensure mortgage loans are underwritten following proper guidelines.
- Ensure team members are fully trained and current on company’s philosophy and policies/procedures.
- Manage and review day-to-day tasks escalated by team.
- Conduct underwriting review process in a manner designed to minimize the company's risk while employing problem resolution techniques in approving loans.
- Train, coach and supervise all underwriters to the application of all company overlays and agency requirements.
- Evaluate the structure of the Underwriting team and plan for continuous improvement in efficiency and effectiveness.
- Develop and maintain a strong working relationship with other departments.
- Proven experience leading and developing offshore underwriting teams, including performance management, coaching, process optimization, and cross-functional collaboration.
- Lead and develop a team: responsible for hiring, coaching, performance management, training and development.
Benefits
- competitive salaries
- an ownership stake in the company
- medical and dental insurance
- time off
- a great 401k matching program
- tuition assistance program
- an employee volunteer program
- a wellness program
- opportunity to bolster business knowledge
- learning the ins and outs of how successful companies operate and manage their finances
- invaluable hands-on experience to help grow your career
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
High school or GED
