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