Company Overview:
At the company, we believe in the power of our Operations team to deliver an exceptional borrower experience. With a robust operational framework, we equip our team members with the tools they need to excel in their roles. Our Operations department, encompassing roles such as Processing, Underwriting, Funding, and Post Closing, plays a crucial role in upholding the quality standards of the mortgage lending process. We foster a culture of collaboration, prioritize growth from within, and are committed to the well-being of both our valued borrowers and our outstanding employees.
Position Overview:
As the Underwriting Department Manager, you will be responsible for maintaining the overall health of our underwriting department. This role involves managing underwriting policies and procedures to ensure the delivery of high-quality mortgage loans. Collaboration with sales, secondary marketing, and other operational teams will be essential for success in this position.
Responsibilities and Duties:
- Lead day-to-day operations of the Underwriting Department.
- Develop and implement underwriting procedures to ensure compliance with guidelines and regulations.
- Provide support to underwriting staff, particularly with complex files and situations.
- Effectively manage turn times and pipeline management.
- Conduct training and coaching sessions for Underwriters on new loan products.
- Review files for credit risk exceptions and implement appropriate measures.
- Stay updated on industry and investor guideline updates.
- Collaborate with cross-functional teams for decision-making and problem-solving.
- Assist Post Closing with addressing investor, agency, and internal audit findings.
- Participate in special projects and other duties as assigned by management.
Qualifications and Skills:
- Solid understanding of underwriting guidelines (FNMA, FHLMC, FHA, VA, USDA).
- Proficiency in Automated Underwriting Systems (DU, LP, GUS).
- Minimum of 10 years of experience in residential lending.
- Ability to thrive in a fast-paced environment and meet deadlines.
- Excellent verbal and written communication skills.
- Strong attention to detail, organizational skills, and time management abilities.
- Experience with Encompass software is preferred.
Education:
- Bachelor's Degree
Benefits:
- Competitive compensation based on experience and performance.
- Comprehensive benefits package including health, dental, and vision coverage.
- Life and AD&D Insurance, with additional voluntary benefits available.
- 401K with company match.
- Flexible PTO program.
- Opportunity to work with the Midwest's fastest-growing lender.
[Company Name] is an equal opportunity employer committed to diversity and inclusion. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Job Type: Full-time
Pay: $120,000.00 - $130,000.00 per year
Benefits:
- 401(k) with matching
- Dental insurance
- Flexible schedule
- Health insurance
- Life insurance
- Paid time off
- Parental leave
- Vision insurance
- Work-from-home options
Compensation Package:
- Bonus opportunities
Payment Frequency:
- Paid semi-monthly
Schedule:
- Monday to Friday
Work Setting:
- Remote/Office (Hybrid)
Education:
- Bachelor's degree (Preferred)
Experience:
- Residential lending: 10 years (Preferred)
Work Location:
- Remote
Employment Type: Full-Time
Salary: $ 120,000.00 130,000.00 Per Year
