Senior Underwriting Manager, Home Lending

This is a fully remote position, open to applicants in United States.

📋 Description

• Lead, mentor, and cultivate a high-performing team of mortgage underwriting professionals.

• Act as a subject matter authority on residential mortgage underwriting.

• Provide guidance to teams on intricate borrower situations, including income, assets, credit, collateral, debt-to-income calculations, and exceptions.

• Ensure that decisions adhere to credit policies, investor guidelines, and regulatory standards.

• Collaborate with Credit Strategy to implement policies and address complex underwriting inquiries.

• Track performance, quality outcomes, exception trends, and recurring challenges.

• Establish practices for escalation and decision-making regarding complex or unclear loan scenarios.

• Work with Product and Engineering to enhance underwriting workflows, tools, and technologies.

• Partner with Risk, Compliance, Operations, and cross-functional teams.

• Foster underwriting talent through coaching, knowledge sharing, and training initiatives.

⛳️ Requirements

• A minimum of 7 years of experience in residential mortgage underwriting, particularly with complex borrower situations.

• At least 3 years of leadership experience managing mortgage underwriters or underwriting teams.

• Proficient in evaluating borrower income, assets, credit, collateral, and debt-to-income calculations.

• Experienced in applying conventional mortgage underwriting guidelines and credit policies to loan decisions, complex scenarios, and exceptions.

• Adept at interpreting and implementing changes to mortgage credit policies, investor guidelines, or underwriting requirements.

• Experience collaborating with Credit, Risk, Compliance, or other stakeholders in a regulated mortgage lending environment.

• Preferred: extensive knowledge of the complete residential mortgage origination lifecycle.

• Preferred: understanding of agency, investor, and regulatory requirements for residential mortgage underwriting.

• Preferred: experience in underwriting home equity products, including HELOCs.

• Preferred: familiarity with underwriting quality, performance, and exception data.

• Preferred: experience collaborating with Product and Engineering teams.

• Preferred: ability to convert complex credit policies into straightforward guidance.

• Preferred: experience leading teams through changes in credit policy, product, or technology.

🏝️ Benefits

• Competitive compensation, which includes bonus opportunities and annual equity grants that vest quarterly.

• 401(k) or Group Retirement Savings Plan with a company match of $2 for every $1 contributed, up to $15,000 annually.

• Employee Stock Purchase Plan (ESPP) offering discounted stock purchase options for eligible employees (US only).

• Comprehensive medical, dental, vision, and wellness resources.

• Contributions to Health Savings Accounts for eligible plans (US only).

• Life insurance and disability coverage.

• Paid time off, sick leave, and company holidays.

• Paid family and parental leave.

• Family-focused fertility, parenthood, and caregiving benefits.

• Employee Assistance Program providing mental health support and life-centered resources.

• Financial planning tools and concierge services (US only).

• Annual wellness allowance.

• Annual productivity allowance for relevant tools and resources.

• Team events, all-company updates, and employee resource groups.

• Catered lunches and fully stocked micro-kitchens available when working from company offices.