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Description
The Underwriting Manager is responsible for delivering leadership and direction to several teams of Underwriters, Underwriting Team Leads and Quality Control professionals responsible for providing sound decisions on a variety of loan products. The Underwriting Manager provides strategic input and leadership in decision making issues affecting the Company’s underwriting function
Essential Functions Include:
- Develop, document and improve underwriting guidelines to ensure consistent, high quality underwriting in collaboration with Operations, Compliance, and Corporate training.
- Ensure that underwriting turn times and decisions are sound and within the scope of good business practices and company policies.
- Instruct and lead underwriting team in appropriate risk management principles and how to interpret and apply credit guidelines and procedures.
- Identify audit finding issues and underwriting training opportunities.
- Evaluate funding requests and escalated requests by assessing risk across multiple attributes of data and determining appropriate funding limits.
- Ensures administrative and operational compliance with regulatory requirements and upholds Fair Lending Practices as well as credit policies and underwriting procedures.
- Responsible for Credit, Quality Control, Appraisal Management and Risk Analysis.·
- Review and assess compliance and quality outcomes identified in the various stages of underwriting reviews and develop action plans to correct deficiencies.
- Implement regulatory, Agency, Investor and mortgage insurer guideline changes.
- Make recommendations to management regarding additional credit enhancements needed to make deals more acceptable.
- Manage credit risk in a manner consistent with the loan quality targets established.
- Provide leadership, guidance and underwriting support.
- May perform other duties and projects as assigned.
Requirements
- Excellent project management and strong attention to detail with the ability to prioritize, manage multiple projects and meet deadlines efficiently.
- Sound judgment and decision-making ability.
- Excellent verbal and written communication skills.
- Exhibits a professional manner in dealing with others and works to maintain constructive working relationships.
- Ten years of in-depth knowledge and experience in conventional mortgage loan underwriting.
- Minimum of three years managing an underwriting team.
- Thorough knowledge of Fannie, Freddie, FHA, VA, USDA, and private investor underwriting guidelines and procedures.
- Knowledge of Conventional and Government automated and manual underwriting guidelines and standards.
- Must have experience using a mortgage-based system to assist in underwriting loans. Experience with Ellie Mae Encompass, preferred.
- Must have working knowledge of and experience with Microsoft Office (Outlook, Word, PowerPoint and Excel).
- College degree preferred.
- Valid FHA DE/CHUMS ID, SAR, LAPP and VA Automatic underwriting and appraisal authority preferred.
- Proficiency with DU (Desktop Underwriter), LP (Loan Prospector), Total Scorecard and GUS, preferred.