Underwriting Manager (140-160 base + bonus)
Location: Las Vegas
Posted on: April 10, 2021
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
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
What You Will Be Doing
Process Flow and Efficiency Planning with Excel and Reporting
Monitor underwriting production and turn times
Develop partnership/working relationship with Department
Partner w/Operations and Sales to ensure great customer service and
high-quality and simple conditions
Manage the pipeline of all loans to be underwritten.
Review new loan files to ensure loan meets investor and program
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
Provide coaching and oversight for underwriters, including ongoing
training and feedback to underwriters and spot review of
Review and recommend changes and improvements to department
practices as appropriate
Ensures and upholds fair lending practices; meets targets for
productivity, quality and customer satisfaction
Thorough knowledge of all GSE underwriting requirements as it
pertains to Correspondent and Wholesale Lending
Skilled in negotiating issues and resolving problems
Analyze credit, income, assets, LTV/CLTV in accordance with posted
guidelines, as well as
Maintain thorough knowledge of agency guidelines, as well as MHLs
posted guidelines, policies and procedures
Maintain minimum file requirements as well as condition review
turntimes as set for by
MHL service level agreements
Maintain communication with brokers/processors/account
executives/customer service reps to ensure all questions are
answered in a timely manner
What You Need for this Position
Demonstrated knowledge of FHA, VA, FNMA, FHLMC, and Jumbo
Minimum of 310 years experience in a mortgage underwriting role
Prior Experience Managing a Team Of Underwriter Is Required
At least 5+ years recent underwriting experience working with
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 plus
Excellent 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 plus
Knowledge of QM/ATR required
Strong analytical skills
Excellent written and verbal communication skills
Must be a selfstarter, dependable, and accurate with strong
attention to detail
Must have ability to multitask in a fast paced environment, and
facilitate change whether indicated by management, market changes,
or regulatory requirements
Ability to prioritize and manage time to meet MHLs service level
What's In It for You
Our 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 as
vacation and sick leave.
So, if you are an underwriting manager please apply today!
Email Your Resume In Word To
Looking 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:
- Please do NOT change the email subject line in any way. You
must keep the JobID: linkedin : NB1- -- in the email subject line
for your application to be considered.***
Nic Benedetto - Recruiting Manager - Optello
Applicants must be authorized to work in the U.S.
Optello is proud to be an Equal Opportunity Employer
All 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.
Keywords: Optello, Las Vegas , Underwriting Manager (140-160 base + bonus), Executive , Las Vegas, Nevada
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