Underwriting Manager - Mortgage Lending

Underwriting Manager - Mortgage Lending
USALLIANCE Financial, United States

Experience
1 Year
Salary
0 - 0
Job Type
Job Shift
Job Category
Traveling
No
Career Level
Telecommute
No
Qualification
Bachelor's Degree
Total Vacancies
1 Job
Posted on
Apr 17, 2021
Last Date
May 17, 2021
Location(s)

Job Description

This position will provide leadership and daily oversight/management to mortgage underwriting staff and ensure that proper policies, guidelines and procedures are in place to meet the strategic goals of the Credit Union. This position will work closely with the VP of RE Lending and to ensure the production team is achieving departmental performance goals.

DUTIES AND RESPONSIBILITIES
  • Provide direction and guidance to Underwriting staff for documentation and underwriting quality; ensure file conforms to guidelines
  • Analyze information to determine risk involved in lending money for mortgage loans; responsible for analyzing/verifying income, assets, credit and all supporting documentation to ensure sufficient to loan standards and guidelines; includes verifying all documentation is correct, complete and in the loan file; that the information has been correctly calculated.
  • Review appraisal to ensure value of collateral is sufficiently documented and appraiser has correctly completed forms.
  • Review underwriting decision, reasoning, and conditions.
  • Stay up to date on all changes to guidelines, policies amp; procedures by Fannie Mae, MI Companies and Regulators and communicate changes/updates to staff
  • Work with RE Lending Management to establish and implement new policies and procedures as necessary
  • Coach and development staff to maximum operational efficiencies and mortgage loan production, while ensuring a high level of member service.
  • Review and Approve Exceptions
  • Hold all Members of Team Accountable for their job responsibilities and function and ensure they are working efficiently and effectively
  • Participate in annual employee review process with other Managers
  • Make system recommendations to streamline the process, reduce turn times and for QCs.
  • Monthly QC Audits - Conduct monthly audits to ensure policies and procedures are being complied with.
  • Weekly and Monthly Reporting to Management
  • Work with RE Lending Management Team to develop new programs
  • Provide audit support during annual audits and examinations

Requirements

  • 7 years mortgage loan experience with a minimum of 5 years underwriting experience.
  • Thorough knowledge of reviewing Residential appraisals
  • In-depth knowledge of mortgage related requirements, procedures, amp; underwriting criteria.
  • Full knowledge and understanding of FNMA Guidelines
  • Background in Conforming, Jumbo and Home Equity Loan products
  • Proficiency in MS Office (Excel and Word)
  • Excellent leadership skills
  • Lead employees to meet the organization's expectations for productivity, quality, continuous improvement, and goal accomplishment
  • Ability to take charge, assess the situation and act appropriately
  • Strong work ethic and self-starter
  • Excellent written and verbal communication skills
  • Technically savvy with ability to quickly learn new technology
  • Ability to excel in a fast-paced environment
  • Requires successful registration with, and issuance of a unique identification number from, the Nationwide Mortgage Licensing System (NMLS) in compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act).

Benefits

  • Medical amp; Dental insurance
  • Life and Vision Insurance - Employer Paid
  • 401(k) Retirement Savings Plan with Full Employer Match (on contributions up to 6%)
  • Generous Paid Time Off
  • Flexible Spending Accounts for Health amp; Dependent Care Expenses
  • Career Planning

USALLIANCE Federal Credit Union, as an Equal Opportunity Employer, values and supports the diverse cultures, perspectives, skills and experiences within our workforce.

Job Specification

Job Rewards and Benefits

USALLIANCE Financial

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