Careers

Job Title: Underwriting Manager
Reports To: VP of Credit Risk
FLSA Status: Exempt
Department:
Division:

Summary: Primarily responsible for providing leadership, support and guidance to the underwriting team. In charge of ensuring that the underwriting team complies with the goals, objectives and standards of the organization in order to meet customer satisfaction and deadlines.

Duties and Responsibilities include the following. Other duties may be assigned.

• Expert knowledge of residential mortgage underwriting, including knowledge of Fannie Mae, Freddie Mac, FHA, VA, USDA underwriting and selling guidelines
• Ability to work accurately and efficiently in fast-paced environment and to maintain production requirements while adhering to quality and service standards
• Expert knowledge with mortgage loan documents and ability to review those documents efficiently with low error rate
• Understanding of operational processes involved in mortgage loan production
• Test, train and mentor all new underwriters (Junior and Senior)
• Provide skills training for Agency, Investors and Program specific loans;
• Develop, track and monitor a minimum of ten loans (of varying loans types) for all new underwriters
• Develop, track and monitor underwriters prior to advancement to next level of underwriting authority
• Arbitrate appeals and disagreements of loan files as needed for responses to audits, repurchases, etc.
• Day-to-day resource person for “Scenarios” and underwriters with regards to their specific and general loan file questions
• Underwrite loan files as needed
• Keep Management apprised of any issues, concerns and/or findings
• Managing turn times to ensure we are in line with 24-48 hours.
• Other tasks as requested by Management

Skills:

• Active CHUMS & SARS/LAPP ID’s
• Detail oriented, with the ability to prioritize, manage multiple projects, and meet deadlines efficiently;
• Can be depended upon to complete work in a timely, accurate and thorough manner and is conscientious about assignments;
• Communicates effectively both verbally and in writing with superiors, colleagues and individuals inside and outside the Company
• Exhibits a professional manner in dealing with others and works to maintain constructive working relationships
• Demonstrates predictable and regular attendance

Education/Experience:

• Bachelor’s degree in business or finance, or equivalent work experience
• Minimum of 10 years of experience within the financial services industry in progressively more responsible positions.

Job Title: Mortgage Funder
Reports To: Closing Manager
FLSA Status: Non-Exempt
Department:
Division:

Summary: To deliver accurate review of funding documents and issue funding authorization

Duties and Responsibilities include the following.

• Fund Conventional, FHA, and Non-Prime loans.
• Work collaboratively with internal counterparts and third parties to efficiently fund compliant saleable loans.
• Review signed loan documents for accuracy, and compliance.
• Complete a pre-funding reviews on each loan file ensuring that all conditions are met.
• Request wires from warehouse banks and coordinate disbursements from title/escrow.
• Performs other related duties as assigned.

Skills:

• Critical thinking and problem-solving skills
• Planning and organizing
• Decision-making
• Communication skill
• Influencing and leading
• Delegation
• Negotiation
• Conflict management
• Adaptability
• Stress tolerance

Education/Experience:

Degree: High School Diploma or Equivalent. Experience preferred.

Job Title: Non-QM Processor
Reports To: Production Operations Manager
FLSA Status: Non-Exempt
Department: Processing
Division:

Duties and Responsibilities include the following.

• Request, review and verify all loan documentation provide by the LO, LOA or consumer such as the mortgage application, income, credit, assets, title, collateral and any other pertinent documents to ensure complete and accurate information is in the file before the loan is sent to Underwriting.
• Accurately calculate income for all types of borrowers.
• Obtain and review all outstanding underwriting conditions required by underwriting and resubmit to underwriting for a clear to close.
• Accurately prepare files for closing including but not limited to verifying closing dates
• Communicate clearly and effectively with customers, underwriters, loan agents and other third parties involved in the mortgage loan transaction.
• Daily pipeline management with an emphasis on meeting lock expirations, mortgage commitment dates, and department turn times
• Consistently update and maintain loan status within Encompass including milestone completion, processing of denied, withdrawn or cancelled loans in a timely manner to ensure accuracy in loan pipeline status.
• Ability to maintain a minimum pipeline of 25+ loans per month and work simultaneously on files.
• Other duties as assigned

Qualifications:

• Minimum of 4+ years of processing experience in processing residential home loans (emphasis on NON-QM products, also knowledge of Conventional, FHA, and VA products preferred)
• Superior customer service skills with the ability communicate real time updates in a professional manner by way of verbal or written updates
• Working knowledge of industry regulatory requirements and available loan products
• Working knowledge or familiarity with underwriting requirements (emphasis on NONQM, Agency, FHA, VA, USDA loans)
• Proficient computer skills (Microsoft Office); working knowledge of multiple AUS systems including but not limited to DU and LP.
• Strong organizational, interpersonal, and time management skills • Ability to multi-task with maintaining attention to detail and accuracy
• Responsiveness and willingness to learning new products, programs and keeping up with industry standards

Education/Experience:

Degree: High School Diploma or Equivalent. Prior loan processing or related experience required.

Job Title: Government Loan Insurer
Reports To: Post Closing/Shipping Manager
FLSA Status: Non-Exempt
Department: Post-Closing

Summary: Acts as primary liaison to FHA, the Veteran’s Administration and USDA/RHS (Government Loan) Agencies. Oversees compliance with government loan requirements. Responsible for reviewing and researching deficient Government loan files for resolution. Supervises the preparing, gathering, and retrieving all documents to be sent to HUD, VA and USDA for Insuring Government loans, while clearing and resolving any outstanding items, in a timely manner.

Duties and Responsibilities include the following.

• Complete online insurance applications for FHA, VA and USDA
• Pay UFMIP/VA/USDA Guarantee fees within required time frames to avoid late fees.
• Perform detailed post-closing review of closed loan packages to determine insurability with FHA, VA and USDA program guidelines
• Perform pre-endorsement review of government loans, including validation of data integrity in the LOS and insuring systems
• Obtain and upload LGC and MIC certifications to the investor
• Ensure HUD and VA insuring procedures are followed
• Manage the FHA loans in the pipeline so that they are insured within the allowable time frame, not to exceed 30 days.
• Respond to NORs and Pre-Endorsement issues and elevate as applicable
• Work with individuals and third parties to obtain missing documentation for insurance binders
• Acts as a liaison between Lender and Government agency to ensure that all loans are insured before 60 days.
• Trend and track errors for training and remediation opportunities
• Prep packages as required per agency for requested audit review
• Perform other duties as assigned

Skills:

• Critical thinking and problem solving skills
• Planning and organizing
• Decision-making
• Communication skills
• Influencing and leading
• Adaptability Delegation
• Team work Negotiation
• Conflict management Stress tolerance
• Read and interpret complex reports

Education/Experience:

Degree: High School Diploma or Equivalent. Encompass experience preferred.