Underwriting Manager jobs in Orange, CA

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Summary:

Responsible for managing and supporting the underwriting function in alignment with compliance with market investors, government agencies and department policies, practices and standards. Support and manage credit escalations and interpretations. Work with VP of Operations to identify and refine best practices, ensure quality and efficiency and respond to questions. Manage, train, coach and retain employees.

Responsibilities:

• Monitor overall pipeline and ensure workloads are adjusted.
• Ensure loans are underwritten in accordance with underwriting standards, risk management factors, regulations and within expected timeframes.
• Coach team to achieve/exceed optimal performance goals; take action to optimize productivity, quality, efficiency and service-levels. Ensure staff is informed of program guidelines and underwriting practices.
• Conduct monthly reviews of approved and declined loan applications to ensure compliance with underwriting standards and risk management factors, quality decision standards.
• Review and respond promptly to address/clear outstanding finding in audit reports received from Post Closing, Quality Assurance, and Secondary Investors; assist Corporate in clearing Shipping and Suspense deficiencies.
• Monitor various reports to identify possible training opportunities.
• Train employees with company software systems, and company process flow.
• Monitor changes in regulations and industry that affect underwriting compliance; recommend updates to policies as required.
• Provide communication to internal partners including processors, underwriters, loan officers, funders, post-closing, and production managers regarding file structuring, counter offers, and /or documents needed to move files forward in the most expeditious manner possible.
• Continuously monitor and assess underwriter staffing levels, recruitment, performance management, and retention in accordance with company requirements, processes and policies.
• Oversee all training, underwriter development and career growth.
• Performs other mortgage underwriting related duties as assigned.

Qualifications

• 7 - 10 years total work experience in progressively responsible positions underwriting loans (Conventional, FHA, VA, Jumbo. NONQM, Purchase, HELOCS, 2nd’, manufactured homes, COOP’S, condominiums and PUD’S)
• 5 years of which include supervisory/management/region management position(s) with multiple direct reports.
• Expert level knowledge of overall mortgage lending process, underwriting loan requirements, federal, state, and regulatory requirements/guidelines related to consumer mortgage lending and internal processes, controls, and asset protection.
• Endorsements including FHA Direct Endorsement, VA and SAR endorsements; must have current certifications for any region with state-specific requirements to underwrite loans.
• Expert level knowledge of valid documentation related to the processing consumer mortgage applications (e.g., tax returns, financial statements and records, verification of income and deposits, etc.).
• Results and metric driven, ability to clearly communicate issues and expectations, and capable of motivating a team to reach goals and drive initiatives.
• Strong management and critical thinking skills, including the ability to evaluate facts and data to draw conclusions and determine the downstream impact of decisions and associated risks.
• Ability to prioritize multiple tasks for self and others in a deadline-driven environment; strong sense of urgency and responsiveness.
• Ability to be patient and train less experienced team members, respond to questions, build capability.
• Detail orientated, highly organized, strong verbal and written communication skills.
• Prior experience using internal data entry systems, Microsoft Word, PowerPoint and Excel.
• Encompasses LOS experience preferred

Education:

• High School or equivalent required.
• Bachelor's degree preferred

Other Duties: This job profile is not intended to be an all -inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned to meet the needs of the organization.

Job Type:

Full-time- Onsite

Schedule:

8-hour shift M-F

Weekends when needed.

Salary: 100,000-125,000 annually

Payment frequency:

• Paid semi-monthly.

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Work Authorization: Must be able to verify identity and employment eligibility to work in the U.S.

Network Capital is proud to be an Equal Employment Opportunity employer. It is our intent to maintain a work environment which is free of harassment, discrimination and retaliation due to age, race religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender, gender identity, gender expression, sexual orientation, military or veteran status, or any other status protected by federal, state or local laws. Should you require assistance or an accommodation due to a disability, you may contact us at (949) 408-2880.

Job Type: Full-time

Pay: $100,000.00 - $125,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday
• Weekends as needed

People with a criminal record are encouraged to apply

Experience:

• NONQM: 3 years (Required)
• Jumbo: 5 years (Required)
• Purchase: 5 years (Required)

License/Certification:

• FHA CHUMS (Required)
• VA LAPP/SAR (Required)

Ability to Relocate:

• Irvine, CA 92618: Relocate before starting work (Required)

Work Location: In person