Underwriting Manager

Underwriting Manager

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.