VP, Wholesale Underwriting at PennyMac Financial Services, Inc. in Cornelius, NC



$200K — $250K *


Banking, Loans & Insurance


5 - 7 years

Job Description


The Director of Underwriting will manage a staff of approximately 7 to 10 underwriters reviewing loans originated through correspondent and retails channels.

Job Description

  • Direct the underwriting activities for a wide range of GSE, FHA, VA and private label mortgage products;
  • Oversee all staff training and development;
  • Manage staffing, hiring and personnel;
  • Provide coaching and training as necessary;
  • Manage the review, credit decision and tracking of requests for loan program exceptions;
  • Develop and maintain unit capacity, procedures and workflow to ensure maximum staff productivity, prudent expenses and adherence to service levels;
  • Work with various levels of company management regarding underwriting and credit policy matters;
  • Manage the Corporate Underwriting Help Desk;
  • As requested, provide expertise in loan program and credit policy development.
  • Perform other related dut
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Valid through: 8/18/2020

About PennyMac Financial Services, Inc.

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* Ladders Estimates

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