Underwriting Team Lead

Mutual of Omaha Mortgage; New York (NY); Remote; USD 70,000 - 110,000; Full time

Job summary

Join a forward-thinking company as an Underwriting Team Lead, where you will play a crucial role in mortgage operations. This position offers the chance to utilize your expertise in Direct Endorsement (DE) while ensuring compliance with industry standards. You'll lead a dynamic team, manage complex loan scenarios, and drive advancements in underwriting processes. Enjoy a full-time remote position that promotes work-life balance and values your contributions. If you have a passion for excellence and a commitment to customer service, this is the perfect opportunity for you!

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401K with Employer Match

Free Legal Services

Employee Loan Program

Qualifications

• Minimum 2 years as a Mortgage Underwriting Supervisor.
• Strong knowledge of mortgage industry regulations.

Responsibilities

• Review and analyze loan applications for compliance.
• Supervise a team of 10-12 DE underwriters.

Skills

Mortgage Underwriting

Decision Making

Communication Skills

Attention to Detail

Organizational Skills

Education

DE Certification

Experience as Mortgage Underwriting Supervisor

Tools

Mortgage Loan Software

Job description

Mutual of Omaha is a Fortune 300 Company with an iconic brand and outstanding customer loyalty. Mutual of Omaha Mortgage is inspired by hometown values and a commitment to being responsible and caring for each other. We exist for the benefit of our customers and employees.

Mutual of Omaha Mortgage is a full-service lending company offering both Forward and Reverse Mortgage products including a complete line of residential mortgage, refinancing, specialty, and HECM loans. We employ a knowledgeable staff of experienced Loan Officers with an operations team that is second to none. If you are interested in joining a team that promotes from within and works together toward a common goal of helping customers with their mortgage needs, please review and apply for our opening below!

We offer an extensive compensation package. Benefits include Medical, Dental, and Vision insurance, company paid life insurance, 401K with a generous employer match and additional benefits such as Free Legal Services and an Employee Loan Program. Mutual of Omaha Mortgage is an Equal Opportunity Employer and we encourage diverse, talented, qualified applicants to apply.

We are currently looking for a highly motivated and experienced Underwriting Team Lead. As an Underwriting Team Lead you will play a pivotal role in our mortgage operations, ensuring that loan applications are thoroughly evaluated for creditworthiness and compliance with industry standards. This position will report directly to the Underwriting Manager. This is an excellent opportunity to utilize your expertise in DE (Direct Endorsement) to contribute to our mission of providing superior mortgage services. This is a full-time remote position, offering a fantastic opportunity for those seeking a work-life balance. This position oversees policy and procedure development, drives system and technology advancements, and manages complex loan scenarios to maintain underwriting integrity. Additionally, this role ensures all underwriting decisions align with risk management strategies while maintaining compliance with company guidelines, investor requirements, and regulatory standards.

Responsibilities

As an Underwriting Team Leader, your primary responsibilities will include:

• Reviewing and analyzing loan applications and supporting documents to ensure they meet company and industry standards.
• Making informed decisions on loan approvals and denials based on thorough analysis and in compliance with company policies and federal regulations.
• Providing detailed feedback to loan officers and processors to ensure the mortgage process runs smoothly and efficiently.
• Collaborating with the loan processing team to resolve any discrepancies or issues that may arise during the underwriting process.
• Keeping informed with changes in policies and regulations that may impact the underwriting process.
• Assisting in training and guiding your team of DE underwriters
• Participating in regular team meetings and contributing to the overall improvement of the underwriting process.
• Supervising a team of 10-12 DE underwriters

Qualifications

To be considered for this position, you must possess:

• A minimum of 2 years of experience as a Mortgage Underwriting Supervisor.
• DE (Direct Endorsement) certification.
• Proficiency in underwriting FHA reverse mortgages and reverse proprietary products.
• Strong knowledge of mortgage industry regulations and guidelines.
• Proven experience in reviewing and analyzing complex financial documents.
• Exceptional decision-making skills with the ability to make sound judgments under pressure.
• Excellent communication and interpersonal skills, with a proven ability to work effectively within a remote team.
• Experience in a supervisory or team lead role is a plus.
• Strong organizational skills with the ability to handle multiple tasks simultaneously.
• Proficiency in using mortgage loan software and other related computer applications.
• Self-directed; ability to proactively ask questions and resolve issues/ concerns
• Strong attention to detail and problem solving abilities

If you are a seasoned Mortgage Underwriting Team Lead with DE certification and have a passion for excellence, then we would love to hear from you. This is your chance to be part of a progressive and innovative team where your expertise and insights will be highly valued.