Remote Underwriting Manager, TPO Specialty Products
1 day ago Be among the first 25 applicants
Get AI-powered advice on this job and more exclusive features.
Lensa is the leading career site for job seekers at every stage of their career. Our client, Carrington, is seeking professionals. Apply via Lensa today!
Come join our amazing team and work from home!
Our Specialty Products Underwriting Manager is responsible for ensuring all specialty products loans are underwritten in accordance with company and investor guidelines, following company policies and procedures. Serves as a subject matter expert in non-qualified specialty products underwriting for wholesale and correspondent channels. Makes sound underwriting decisions and ensures compliance with legal and policy requirements. Performs duties in accordance with company policies, procedures, and all applicable regulations. The target pay range for this position is $140,000 - $170,000 per year, plus a quarterly bonus.
What You’ll Do
- Manage a team of specialized product underwriters (non-agency/purchase products) across wholesale and correspondent channels.
- Perform management responsibilities including hiring, training, performance monitoring, and employee development in accordance with organizational policies and applicable laws.
- Mentor and train underwriters to ensure high performance.
- Monitor quality of work, technical abilities, and risk analysis of underwriters.
- Provide technical and guideline training; recommend improvements and conduct ongoing training.
- Establish controls to maintain and improve quality and service standards.
- Define and monitor productivity standards and performance goals, ensuring targets are met.
- Oversee pipeline activities to ensure timelines, customer follow-up, and quality scores meet standards.
- Analyze LOS production reports and update senior management on turnaround times.
- Review files for quality and provide second signatures for files outside authorities.
- Assist in developing underwriting guidelines and training materials; stay updated on industry changes.
- Work with senior management to set department goals and develop processes to improve performance, cost efficiency, and customer service.
- Respond to audits, investor reviews, and quality control reports; develop corrective actions.
- Recruit and interview for open underwriting positions.
- Assign files to balance workload.
- Perform underwriting duties during peak periods or staff shortages.
- Perform other duties as assigned.
What You’ll Need
- Expert knowledge of specialty products underwriting and familiarity with FNMA, FHLMC, and government guidelines.
- Ability to understand complex issues, negotiate, and integrate different viewpoints.
- Decisiveness impacting department credibility, operations, and services.
- Organizational skills for managing work schedules of others.
- Strong interpersonal and communication skills, adaptable to various management levels.
- Excellent organizational, problem-solving, and analytical skills.
- Proficiency with PC tools including Excel and Word.
- Ability to maintain high performance levels and collaborate on complex problems.
- Strong negotiation skills.
- Experience working in a paperless environment preferred.
Our Company
Carrington Mortgage Services-Retail Lending, part of The Carrington Companies, offers a variety of home purchase and refinance products, focusing on underserved programs. Join our team of talented professionals and help transform residential real estate. More info at: www.carringtonmortgage.com
What We Offer
- Comprehensive healthcare plans and a discretionary 401(k) match.
- Employee discounts on fitness, dining, retail, and more.
- Customized training programs for career advancement.
- Referral bonuses and educational reimbursement.
- Community involvement through the Carrington Charitable Foundation.
Note: Carrington does not conduct interviews or make offers via text or chat. We are an equal opportunity employer committed to diversity and inclusion, providing reasonable accommodations as required by law.