Manager, Mortgage Loan Underwriting

First Merchants Corporation; Indianapolis (IN); On-site; USD 110,000 - 170,000; Full time

Job summary

First Merchants Bank in Indianapolis is seeking a Manager, Mortgage Loan Underwriting to lead our underwriting team across Indiana, Ohio, or Michigan. This role develops staff, ensures pipeline metrics and quality goals are met within risk parameters and investor guidelines.

You will mentor underwriters and appraisal analysts, monitor trends, prepare reports, and collaborate with operations and sales to structure complex loans and mitigate risk.

Qualifications

• Eight years of underwriting experience across conventional, VA, FHA, Jumbo and Community Development products.
• Five years of experience managing others.

Responsibilities

• Lead and manage assigned underwriters and appraisal analysts to meet pipeline metrics and quality guidelines.
• Develop and maintain understanding of Mortgage Lending products, policies, processes, and documentation updates.
• Ensure adherence to risk management policies, controls and compliance regulations.
• Monitor underwriting trends and provide coaching and training as needed.
• Prepare and analyze applicable trending reports.
• Conduct second tier reviews as required.
• Assist with structuring complex loans and vetting exceptions.
• Act as escalation point between operations and sales.
• Develop relationships with other departments and sales.
• Recruit, mentor and retain high-performing teammates.
• Manage day-to-day operations of the underwriting team.

Skills

Underwriting leadership

Team management

Financial risk assessment

Coaching and mentoring

Regulatory compliance

Mortgage product knowledge

Education

Bachelor's degree in Business or related field

High School Diploma or GED

Job description

Indianapolis HQ
Indianapolis, IN 46240, USA

First Merchants Bank is seeking a Manager, Mortgage Loan Underwriting to join our team! This position will sit within our operational footprint of Indiana, Ohio, or Michigan and will motivate and lead an underwriting team to ensure pipeline metrics and quality goals are executed with sustained success.

As part of this role you will:

• Lead and manage assigned underwriters and appraisal analyst to ensure that pipeline metrics and quality guidelines are met and appropriate decisions are rendered within risk parameters established by the Bank and/or investor.
• Develop and maintain a strong understanding of Mortgage Lending products, policies, processes, and their required documentation, to include applicable updates and changes to procedures.
• Ensure the adherence to all appropriate risk management policies, procedures, controls and compliance regulations.
• Monitor underwriting trends and provide appropriate feedback, coaching and/or training as needed.
• Prepare and analyst applicable trending reports.
• Conduct second tier reviews as required.
• Assist with structuring more difficult and complex loans and aid in exception vetting.
• Act as an escalation point between other operational departments and sales.
• Develop team's relationship with other operational departments and sales.
• Recruit, develop, mentor and retain high-performing teammates to ensure ongoing success in meeting department goals.
• Manage day-to-day operations of assigned underwriters and appraisal analyst.

To be successful in this position, we require the following:

• High School Diploma or equivalent (GED).
• A minimum of eight (8) years of experience underwriting conventional, VA, FHA, Jumbo and Community Development products, plus five (5) years of experience managing others.

The following would be a plus:

• Bachelor’s degree in Business or a related field of study.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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