Underwriting Manager

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

📋 Description

• Develop, document, and enhance underwriting guidelines to ensure consistent and high-quality underwriting in partnership with Operations, Compliance, and Corporate Training.

• Guarantee that underwriting turn times and decisions are sound and adhere to good business practices and company policies.

• Instruct and guide the underwriting team on appropriate risk management principles and the interpretation and application of credit guidelines and procedures.

• Identify issues from audit findings and opportunities for underwriting training.

• Evaluate funding requests and escalated cases by assessing risk across various data attributes and determining suitable funding limits.

• Ensure administrative and operational compliance with regulatory requirements and maintain Fair Lending Practices alongside credit policies and underwriting procedures.

• Oversee Credit, Quality Control, Appraisal Management, and Risk Analysis.

• Review and evaluate compliance and quality outcomes identified during various phases of underwriting reviews, developing action plans to address deficiencies.

• Implement changes to regulatory, Agency, Investor, and mortgage insurer guidelines.

• Provide recommendations to management regarding additional credit enhancements necessary to make deals more acceptable.

• Manage credit risk in alignment with established loan quality targets.

• Offer leadership, guidance, and underwriting support.

• May undertake other duties and projects as assigned.

⛳️ Requirements

• Exceptional project management skills with a strong attention to detail, capable of prioritizing, managing multiple projects, and meeting deadlines effectively.

• Strong judgment and decision-making capabilities.

• Excellent verbal and written communication skills.

• Demonstrates professionalism in interactions with others and strives to maintain constructive working relationships.

• Ten years of extensive knowledge and experience in conventional mortgage loan underwriting.

• Minimum of three years of experience managing an underwriting team.

• Comprehensive understanding of Fannie, Freddie, FHA, VA, USDA, and private investor underwriting guidelines and procedures.

• Familiarity with both Conventional and Government automated and manual underwriting guidelines and standards.

• Experience using a mortgage-based system to support the underwriting of loans.

• Experience with Ellie Mae Encompass is preferred.

• Proficient in Microsoft Office applications (Outlook, Word, PowerPoint, and Excel).

• A college degree is preferred.

• Valid FHA DE/CHUMS ID, SAR, LAPP, and VA Automatic underwriting and appraisal authority are preferred.

• Proficiency with DU (Desktop Underwriter), LP (Loan Prospector), Total Scorecard, and GUS is preferred.

🏝️ Benefits

• Comprehensive health insurance coverage.

• Retirement savings plan with company matching.

• Opportunities for professional development and continuing education.

• Flexible work arrangements.

• Paid time off and holiday leave.