UNDERWRITING MANAGER

JOB TITLE: UNDERWRITING MANAGER

REPORTS TO: VP of Risk

EXEMPT/NON-EXEMPT: Exempt

SUMMARY: The Underwriting Manager is responsible for overseeing a team of Mortgage Underwriters, ensuring quality and compliance of loan approvals. This position will lead a positive culture within their department

ESSENTIAL DUTIES AND RESPONSIBILITIES

Core duties and responsibilities include the following:

• Train, Lead and inspire a team of underwriters, providing guidance, training, and support to ensure high performance and collaboration.
• Evaluate and implement efficient Underwriting processes to stay relevant
• Conducts underwriting review process in a manner designed to minimize the company’s risk while employing problem resolution techniques in approving loans
• Analyze property characteristics and all other information pertinent to credit and property decision
• Respond to product questions and scenarios with suitable answers
• Ensure compliance with company and agent
• Provide prompt and quality customer service both internally and offer alternative options when reviews are escalated
• Adheres to set turnaround times for reviewing new submissions as well as resubmissions.
• When necessary, underwrite Conventional, FHA, USDA and VA residential loans ensuring they comply with FNMA, FHLMC, Investor and Government agency guidelines
• Manage the day-to-day tasks of the Underwriting Department
• Other duties as assigned

DESIRED SKILLS AND EXPERIENCE

• Bachelor’s Degree in business, banking, or finance
• 6-10 years of recent underwriting experience in the mortgage industry.
• Leadership or Management experience
• Proficiency in Conventional, FHA and VA loans; experience with CHFA, USDA and 203k
• Proficient understanding of underwriting requirements, governmental and agency requirements, terminology, and automated processing systems
• Interpersonal skills to create and maintain positive working relationships
• Computer proficiency, particularly with Microsoft Office Suite
• Experience with mortgage software, such as Calyx Point, Encompass, Data Track or Empower
• DE, CHUMS, VA/SAR