PennyMac Financial Services, Inc.

Underwriter Manager

Tampa, FL 33647In-Person
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent work experience
  • 5+ years of relevant work experience
  • Current knowledge of FNMA/FHLMC, FHA, and VA guidelines
  • Experience in analyzing financial statements for high net worth borrowers
  • Thorough understanding of cash flow methodology for complex tax returns
  • Highly proficient in Excel and Word

Responsibilities

  • Manage underwriting staff of 5-10 underwriters
  • Ensure underwriting quality meets company and investor standards
  • Carry out personnel management including hiring, counseling, training
  • Evaluate processes to maximize staff utilization
  • Support production staff on underwriting and credit policy
  • Complete second reviews of loan files
  • Demonstrate behaviors aligned with company culture and values

Benefits

  • Performance-based compensation eligibility
  • Potential stock-based incentives
  • Professional development opportunities
  • Supportive work environment promoting best practices
  • Alignment with company culture and values
Full Job Description
A Typical Day The Underwriter Manager is responsible for managing and supporting the underwriting function in alignment with department policies, practices and standards. As the Underwriter, you will manage an underwriting staff of approximately 5-10 underwriters The Underwriter Manager will: • Ensure underwriting quality meets company and investor standards • Carry out personnel management including hiring, counseling, training • Continuously evaluate processes to ensure application of best practices and maximize staff utilization • Provide support to production staff regarding underwriting and credit policy matters • Complete second reviews of loan files and resolves exception cases • Perform other related duties as required and assigned • Demonstrate behaviors which are aligned with the organization’s desired culture and values What You’ll Bring • Bachelor’s degree or equivalent work experience • 5+ years of relevant work experience • Current and extensive knowledge of FNMA/FHLMC, FHA, and VA program guidelines. • Experience analyzing financial statements for high net worth borrowers • A thorough understanding of cash flow methodology for complex tax returns including, but not limited to, partnerships, corporations, S-corporations, as well as, treatment of capital gains and trust income • Must be highly proficient in Excel and Word Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below: • Lower in range - Building skills and experience in the role • Mid-range - Experience and skills align with proficiency in the role • Higher in range - Experience and skills add value above typical requirements of the role Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance. Salary$68,000 - $115,000 Work ModelOFFICE

About PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc. is a mortgage finance company that provides home loans and related services. The company was founded in 2008 and is headquartered in Westlake Village, California. PennyMac's business includes the origination, servicing, and sale of mortgage loans, as well as the management of investments related to mortgage loans. The company operates in two segments: Production and Servicing. PennyMac's mission is to make homeownership accessible and affordable for all Americans by providing innovative mortgage solutions.
Learn more about PennyMac Financial Services, Inc.
Size
6,308 employees
Market Cap
$2.7 billion
Industry
Net Income
$1.6 billion
5 Year Trend
+21.2%
Revenue
$4.5 billion
NASDAQ

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