Underwriting Manager - Mortgage Experience Required

Loan Factory; Virginia (MN); Remote; USD 90,000 - 120,000; Full time

Job summary

A forward-thinking company is seeking an Underwriting Manager with extensive mortgage experience to lead a dynamic team. This role involves mentoring underwriters, ensuring compliance with industry regulations, and enhancing the efficiency of the underwriting process. The ideal candidate will possess strong leadership and analytical skills, along with a customer-centric approach to foster satisfaction and retention. This innovative firm offers a competitive salary and a comprehensive benefits package, along with opportunities for professional development and career advancement in a collaborative work environment focused on excellence and innovation.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401k

Sick Leave

Paid Time Off (PTO)

Professional Development Opportunities

Collaborative Work Environment

Qualifications

• 5+ years in mortgage underwriting, with 2+ years in a managerial role.
• Strong leadership and analytical skills are essential.

Responsibilities

• Lead and mentor a team of underwriters, ensuring compliance and efficiency.
• Identify process improvements and enhance customer experience.

Skills

Leadership

Analytical Skills

Problem-Solving

Communication Skills

Customer Service

Education

Bachelor’s degree in Finance or Business Administration

Advanced degree or professional certification

Tools

Underwriting Software

Mortgage Management Systems

Job description

Underwriting Manager - Mortgage Experience Required

Location: Remote

Leadership & Management:

1. Lead, mentor, and develop a team of underwriters, fostering a culture of excellence and continuous improvement.
2. Set clear performance expectations, conduct regular performance reviews, and provide constructive feedback.
3. Oversee training and development programs to ensure team members are up-to-date on industry regulations and company policies.
4. Review and approve complex mortgage loan applications, ensuring adherence to underwriting guidelines, company policies, and regulatory requirements.
5. Evaluate and resolve escalated issues or exceptions, making final decisions on loan approvals or denials.
6. Maintain a thorough understanding of underwriting criteria for various loan products, including conventional, FHA, VA, and jumbo loans.

Process Improvement:

1. Identify opportunities for process improvements and implement strategies to enhance underwriting efficiency and accuracy.
2. Collaborate with other departments, such as sales and operations, to streamline the loan process and improve overall customer experience.
3. Develop and enforce underwriting systems, policies, and procedures to ensure consistency and compliance.

Compliance & Risk Management:

1. Stay up-to-date with industry regulations, guidelines, and best practices to ensure compliance and mitigate risk.
2. Conduct regular audits of underwriting decisions and processes to identify and address any compliance or risk issues.
3. Prepare and present reports on underwriting performance, trends, and risk management to senior management.

Customer Focus:

1. Ensure timely and effective communication with clients, brokers, and other stakeholders throughout the underwriting process.
2. Address and resolve any customer or broker concerns related to underwriting decisions or processes.
3. Promote a customer-centric approach within the underwriting team to enhance satisfaction and retention.

Minimum Requirements:

1. Bachelor’s degree in Finance, Business Administration, or a related field; advanced degree or professional certification (e.g., Certified Mortgage Underwriter) preferred.
2. Minimum of 5 years of experience in mortgage underwriting, with at least 2 years in a managerial or supervisory role.
3. Direct Endorsement (DE) certification for underwriting Government loans preferred.
4. In-depth knowledge of mortgage loan products across multiple lenders and investors, underwriting guidelines, and industry regulations.
5. Strong leadership skills with a proven ability to manage and motivate a team.
6. Excellent analytical, problem-solving, and decision-making abilities.
7. Exceptional communication and interpersonal skills, with a focus on customer service.
8. Proficiency in underwriting software and mortgage management systems.

Salary: Competitive salary from $90,000 - $120,000 per year, plus a comprehensive benefits package (health, dental, vision, 401k, sick leave, PTO).

Opportunities for professional development and career advancement.

Dynamic and collaborative work environment focused on innovation and excellence.