Underwriting Manager (140-160 base + bonus)

Company: CyberCoders
Location: Portland
Posted on: May 6, 2021

Job Description:

We are a multi-billion dollar servicer and wholesale lender specializing in conventional, FHA, VA and USDA loans. We are looking for an experienced underwriting manager to oversee 10-12 residential underwriters with conventional, USDA, FHA, VA and jumbo loans.We offer phenomenal compensation, work/life balance, benefits, FULL TIME REMOTE OPTIONS, and have been named a "best place to work" award for 5 years in a row and counting. We look forward to meeting you!What You Will Be DoingProcess Flow and Efficiency Planning with Excel and Reporting SkillsMonitor underwriting production and turn timesDevelop partnership/working relationship with Department ManagersPartner w/Operations and Sales to ensure great customer service and high-quality and simple conditionsManage the pipeline of all loans to be underwritten.Review new loan files to ensure loan meets investor and program criteria.Review transmittal & 1003 to make sure it is accurate and complete, compare to finding to verify that all information matches.Review credit report and compare to liabilities on 1003.Verify the investor guidelines for outstanding derogatory items and requirement payment or satisfaction if needed. Request updated mortgage history if needed.* Calculate income using documentation required per investor, questioning any substantial changes in income.Review assets statements to compare to required assets. Require documentation and source for any recent large deposits.Review title to verify our borrower has ownership on a refinance transaction and that the seller has ownership for purchase transaction. Check that chain of title meets investor requirements. Verify there are no unpaid liens or judgments and that all mortgage liens are being paid off through the transaction. Compare tax figures to 1003.Review appraisal to ensure the value is supported and that the appraiser has provided complete accurate appraisal. Order value review on loans considered elevated risk.Review file make sure compliance has been met; regulatory state compliance ad federal (patriot act).Calculate net tangible benefit for those states/programs that require this test.Review final conditions turned in for Underwriting Final Approval within 24 hours.Maintain current and fluid knowledge of investor and agency guidelines.Provide coaching and oversight for underwriters, including ongoing training and feedback to underwriters and spot review of underwriting decisions.Review and recommend changes and improvements to department practices as appropriateEnsures and upholds fair lending practices; meets targets for productivity, quality and customer satisfactionThorough knowledge of all GSE underwriting requirements as it pertains to Correspondent and Wholesale LendingSkilled in negotiating issues and resolving problemsAnalyze credit, income, assets, LTV/CLTV in accordance with posted guidelines, as well asMaintain thorough knowledge of agency guidelines, as well as MHLs posted guidelines, policies and proceduresMaintain minimum file requirements as well as condition review turntimes as set for byMHL service level agreementsMaintain communication with brokers/processors/account executives/customer service reps to ensure all questions are answered in a timely mannerWhat You Need for this PositionJob RequirementsDemonstrated knowledge of FHA, VA, FNMA, FHLMC, and Jumbo guidelinesMinimum of 310 years experience in a mortgage underwriting rolePrior Experience Managing a Team Of Underwriter Is RequiredAt least 5+ years recent underwriting experience working with multiple investors.Minimum 1 Year Supervisory Experience.Must have experience working with multiple investors.Strong Verbal And Written Communication Skills Required.Conventional and FHA experience required (must have a CHUMS)VA and USDA experience a plusExcellent time management and organizational skills.Excellent verbal and written communication skills.Ability to manage multiple deadlines.Strong knowledge of Microsoft Word and Excel required.Strong knowledge of Encompass preferred.VA staff Appraisal Reviewer (SAR) designation a plusKnowledge of QM/ATR requiredStrong analytical skillsExcellent written and verbal communication skillsMust be a selfstarter, dependable, and accurate with strong attention to detailMust have ability to multitask in a fast paced environment, and facilitate change whether indicated by management, market changes, or regulatory requirementsAbility to prioritize and manage time to meet MHLs service level agreementsWhat's In It for YouOur employees enjoy top of the market compensation and full benefit benefits which include medical, dental,vision, life, and disability insurance, flexible benefits plan, 401(k) plan, and paid holidays, as well asvacation and sick leave.So, if you are an underwriting manager please apply today!Email Your Resume In Word ToLooking forward to receiving your resume through our website and going over the position with you. Clicking apply is the best way to apply, but you may also:Nic.Benedetto@CyberCoders.com* Please do NOT change the email subject line in any way. You must keep the JobID: linkedin : NB1-1617207 -- in the email subject line for your application to be considered.***Nic Benedetto - Recruiting Manager - CyberCodersApplicants must be authorized to work in the U.S.CyberCoders, Inc is proud to be an Equal Opportunity EmployerAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, or any other characteristic protected by law.Your Right to Work - In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.

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