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Underwriting Manager

Company: Summit Funding, Inc.
Location: Sacramento
Posted on: September 15, 2019

Job Description:

Job Summary:

The Underwriting Manager position is very essential to building a successful mortgage team. The primary focus is to exceed our client's expectations and deliver exceptional service. This position is crucial in the development of strong and lasting client relationships by delivering timely, accurate, and detailed underwriting decisions. Representing our company in a positive, professional and compassionate manner is essential.

Top 3 responsibilities and how you will be measured:

  • Ensure Salability of All Loans

    Measurement: Company will own zero loans.
  • Maintain Posted Turn Times

    Measurement: Percent of files that meet turn times (standard 95% met).
  • Maintain Proper Staffing Levels in Department and Cohesive Team Structures (Happy Employees with a "Can Do" Attitude).

    Measurement: Turn-times in Underwriting and Underwriting Support Departments are always 95% on-time or greater and Quality of files per Post Closing suspense report and Internal/External QC Audits having an error rate of 5% or less.

    Essential Duties of the Position:

    • Directly manage the Underwriting Supervisors.
    • Manage all exception requests within 48 hours.
    • Manage escrow repair holdback requests within 48 hours.
    • Ensure that all post-closing files that are escalated to Underwriting are directly resolved by you personally or your delegated Supervisor, Underwriter or CQA.
    • Attend weekly Underwriting/Underwriting Support meetings.
    • Attend weekly Risk Meeting and be prepared to discuss any loans on the Post Close suspense report.
    • Attend Loan Committee Meeting daily between 2:00 p.m. - 3:00 p.m.
    • Spend one day per month visiting Branches. You can visit 2-3 Branches in one day. Spend 2-3 hours at each Branch.
    • Provide support to Deal Desk team with complicated underwriting scenarios as needed.
    • Attend all Sales Retreats.

      • Provide the following weekly reports to SVP:

        • Turn times in U/W and U/W support
        • % of approved / suspended / declined loans per U/W
        • MI report (reflecting turn-times)
        • Monthly recap of department by the 3rd business day of the following month.

        • Maintain posted Company turn times at 95% or better.
        • Manage daily pipeline. Work with your fellow RUMs on load leveling to ensure posted turn times are met by all Regions.
        • Provide support to underwriting team with guideline questions, difficult transactions, etc.
        • Conduct second interviews and approve the hiring of all new Underwriter positions.

          Job Requirements:

          • The Underwriting Manager must have a comprehensive knowledge of FHA, VA and Conventional loan program guidelines and have a thorough understanding of automated underwriting engines.
          • Special care must be taken to review cash, income, credit and property issues.
          • The Underwriting Manager must be able and willing to train, coach and support staff as needed to enable them to provide complete, accurate and acceptable loan files for approval consideration.
          • Solid time management skills and the ability to organize prioritize and perform multiple tasks simultaneously.
          • High level of proficiency with mortgage loan processing and underwriting systems.
          • Commitment to excellent and high standards
          • Excellent written and oral communication skills.
          • Ability to manage priorities and workflow.
          • Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
          • Acute attention to detail.
          • Proven ability to handle multiple projects and meet deadlines.
          • Good judgment with the ability to make timely and sound decisions.
          • Ability to effectively present information and respond to questions.
          • Ability to build and sustain relations with staff and branch personnel.

Keywords: Summit Funding, Inc., Sacramento , Underwriting Manager, Executive , Sacramento, California

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