Mortgage Underwriting Manager

Mortgage Underwriting Manager

Key Job Requirements : Manage, coach and develop a team of underwriters. Conduct performance reviews to monitor employee development and goals. Set and enforce underwriting guidelines and procedures. Review complex or high-risk scenarios and for decisioning recommendations. Underwrite the entire portfolio of assigned loans to meet sales and service goals. Provides quality member service throughout the loan process. Perform mortgage credit analysis, with or without the assistance of an automated underwriting system to determine borrower's willingness and ability to repay the mortgage debt. Appraisal review to ensure the value is supported and that the appraiser has provided a complete accurate appraisal report. Thoroughly documents loan decisions and / or exceptions. Follows up on documentation and adherence to Loan Policies and Procedures. Responsible for the quality and completion of loan files as they relate to job description. Make loan decisions within assigned limits and make recommendations for approval of loans in excess of individual lending authority. Responsible for monthly secondary market and annual underwriting audits which includes cooperating with third party auditors in the possible review, discussion and resolution of audit findings. Strong comprehension of Secondary Market and Mortgage Insurance guidelines. Run, review and interpret DU when applicable. Order and review MI based on loan program. Ensure that the system of record matches MI certificate. Re-underwrite loans when additional information has been received Responsible for committing and selling mortgage loans to the secondary market, ensuring timely execution and adherence to investor guidelines. Communicates effectively and engages proactively with loan originators, processors, branch managers, funders and post-closers in regard to loan decisions, assignment of loan conditions, investor guidelines / documentation requirements and possible loan scenarios. Responsible for securing annual grant funding and local municipal grants, as available. Oversees the allocation and utilization of funds to ensure full capacity is achieved. Manages relationships with third-party lending partners, may be responsible for implementing relationships with new investors or state housing agencies. Reviews processes to generate business and ways to render support between the various Credit Union departments. Helps develop short and long-term goals. May be asked to second sign loan decisions for lower-level authority loan officers. May originate loans as needed. Assists in collection effort to ensure that delinquency percentages and loss ratios meet the goals of the credit union

Position Requirements : FHA Direct Endorsement (DE) certified (preferred) Associate's degree or its equivalent through specialized course work and training. Five plus years mortgage underwriting experience. Three plus years supervisory experience. Good working knowledge of the various Credit Union consumer loan products, services and underwriting requirements, residential lending and Secondary Market requirements. Excellent communication and organizational skills. Must be able to evaluate and analyze complex income tax returns to establish qualifying income. Valid driver's license. Able to use various types of office software, spread sheet applications and PC proficient in Microsoft Office Suite.