VP Underwriting

SPM; National (WA); On-site; USD 180,000 - 240,000; Full time

Benefits offered by this job

Medical, dental, vision

401k and PTO

Discounted home loans

Job summary

Sierra Pacific Mortgage seeks a Vice President of Underwriting to lead the residential underwriting team at a regional level, ensuring efficient file transfer and adherence to guidelines. You will coach, mentor, and train staff, enforce turnaround times, and coordinate with branches, sales, and post-closing teams to maintain high standards.

The role requires a deep understanding of Conventional, FHA, VA, USDA, and Non-Conforming products, and strong leadership to drive process improvements

Qualifications

• Minimum 10 years of operations and underwriting experience required
• Knowledge of investor and program requirements and guidelines
• Supervisory experience including communicating with other managers
• Understanding of residential lending: Conventional, FHA, VA, USDA, Non-Conforming
• Reading and interpretation of loan documents and related directives
• Proficiency with basic math and mortgage-related calculations
• Basic computer skills: word processing, Excel, email

Responsibilities

• Oversee the functions of residential underwriting and manage underwriting team at the regional level
• Assist and support underwriting functions to ensure file transfer is efficient
• Coach, mentor, and train underwriting staff
• Maintain turnaround times by holding the team accountable
• Manage workload and pipeline as needed
• Respond to scenarios and queue for new submissions and conditions flow
• Act as main liaison for underwriters, branches, sales, and post-closing submissions
• Review and sign off on underwriting and closing conditions
• Answer questions on loan programs and status of loans in process
• Support underwriting outsourcing implementations
• Review files from insuring and shipping for missing documentation
• Collaborate with national operations to improve processes
• Perform other mortgage-related duties as assigned

Skills

Underwriting leadership

Team supervision

Residential lending knowledge

Communication with managers

Loan document interpretation

Mortgage software

Excel

Education

High school diploma or equivalent

Advanced degree preferred

Tools

Mortgage software

Excel

Job description

VICE PRESIDENT - UNDERWRITING

At Sierra Pacific Mortgage we believe any successful business or individual is built upon a solid foundation – for us, we refer to it as ONE Sierra. Within our organization, we’ve been very intentional about defining our pillars and holding ourselves accountable to living these principles every minute of every day.

These pillars inform every action we take with each other, our business partners, and our customers. When you join our team, you’ll immediately recognize that these values set the tone and tenor for our entire company culture.

Since its inception in 1986, Sierra Pacific Mortgage has been built upon the foundation of quality lending practices, unparalleled service, industry knowledge and unmatched integrity. Dedicated to excellence, our team respects and challenges each other, holds each other accountable to our company’s standards and ethical behavior, and shares in the success of a growing organization. Promises Made. Promises Kept.

MUST HAVES

• High school diploma or equivalent required; advanced degree preferred
• Minimum 10 years of operations and underwriting experience required
• FHA DE Chums required; VA SAR preferred
• Knowledge of investor and program requirements and guidelines
• Previous supervisory experience required including communicating with other managers to ensure productivity
• Understanding of all aspects of residential lending Conventional, FHA, VA, USDA, and Non-Conforming programs
• Working knowledge of product guidelines including but not limited to Non-Conforming, FNMA, FHLMC, FHA, VA, and USDA guidelines, to assist in rectifying file solutions/problems
• Able to define problems, collect data, establish facts, and provide information to resolve the situation
• Able to interact with diverse teams across the enterprise to affect process improvement and to ensure compliance
• Proven leadership skills, with emphasis on collaboration, solution-based analysis, organization, and time management
• Able to read and interpret various loan documents such as promissory notes, regulatory and legal directives, and other loan documents
• Able to apply basic math; calculate figures and amounts such as discounts, interest, commissions, and percentages
• Basic computer skills required: word processing, Excel spreadsheets, email, and mortgage software

WHAT YOU WILL DO

• Oversee the functions of residential underwriting and manage underwriting team at the regional level
• Assist and support functions of residential underwriting to make sure files transfer as efficiently as possible
• Assist in managing the underwriting team including coaching, mentoring, and training
• Reinforce underwriting turnaround times by holding the team accountable to expectations
• Assist with team’s workload and pipeline management as needed
• Support in answering the Scenario email and Underwriting queue for new submissions, appraisal submissions and conditions flow
• Act as a main point of contact and liaison for underwriters, branches, sales, and post-closing file submissions status
• Review and sign off on underwriting and closing conditions as they are met
• Respond to originator/processor questions regarding loan programs, clarification of loan conditions and status of loans in process
• Support implementation of underwriting outsourcing
• Review files from insuring and shipping, including answering questions or identifying missing documentation necessary to ensure salability
• Work with national operations team to effectively improve processes and work effectiveness
• Other duties and/or mortgage related tasks as assigned by management

WHAT WE VALUE – OUR PILLARS OF SUCCESS

• Do the Right Thing – Always. Make the right choices in relationships with team members, customers, and partners regardless of the circumstances and without making excuses.
• True Ownership. Own your actions and demonstrate personal and corporate commitment to your customers.
• Unsurpassed Speed. Demonstrate a sense of urgency and heightened awareness in everything you do. Provide a fast-paced, seamless, and supportive transaction from start to finish.
• WOW Experience. Go above and beyond your customer’s expectations, notice the little things that make a big difference and assume full responsibility for delivering superior service – service that leaves your customers saying, “Wow!”
• Create What’s Next. Be a leader of change, serve as a pioneer in the industry. Expertise, insight, and initiative drive our actions.

WHAT YOU’LL GET

• Competitive total compensation package
• A full benefits package including medical, dental, vision, 401k, pet insurance and PTO
• Discounted home loans for employees and their family members
• HSA and FSA plans
• Professional opportunities for upward mobility, training, and personal development
• Privately held mortgage company for over 35 years

WORK CONDITIONS AND PHYSICAL REQUIREMENTS

• Able to navigate a standard office environment
• Able to attend meetings off-site, on occasion
• Some business travel required

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Sierra Pacific Mortgage is an Equal Opportunity Employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.