Underwriting Manager

The Underwriting Manager is responsible for delivering leadership and direction to several teams of Underwriters, Underwriting Team Leads and Quality Control professionals responsible for providing sound decisions on a variety of loan products. The Underwriting Manager provides strategic input and leadership in decision making issues affecting the Company’s underwriting function

Essential Functions Include:

• Develop, document and improve underwriting guidelines to ensure consistent, high quality underwriting in collaboration with Operations, Compliance, and Corporate training.
• Ensure that underwriting turn times and decisions are sound and within the scope of good business practices and company policies.
• Instruct and lead underwriting team in appropriate risk management principles and how to interpret and apply credit guidelines and procedures.
• Identify audit finding issues and underwriting training opportunities.
• Evaluate funding requests and escalated requests by assessing risk across multiple attributes of data and determining appropriate funding limits.
• Ensures administrative and operational compliance with regulatory requirements and upholds Fair Lending Practices as well as credit policies and underwriting procedures.
• Responsible for Credit, Quality Control, Appraisal Management and Risk Analysis.·
• Review and assess compliance and quality outcomes identified in the various stages of underwriting reviews and develop action plans to correct deficiencies.
• Implement regulatory, Agency, Investor and mortgage insurer guideline changes.
• Make recommendations to management regarding additional credit enhancements needed to make deals more acceptable.
• Manage credit risk in a manner consistent with the loan quality targets established.
• Provide leadership, guidance and underwriting support.
• May perform other duties and projects as assigned.