Underwriting ManagerFounded in 2000, Plaza Home Mortgage, Inc. is a privately owned, full-service national lender, offering Wholesale, Correspondent, Renovation and Reverse residential mortgages. Headquartered in San Diego, California, Plaza employs a network of sales associates to serve its clients nationwide.
Plaza is dedicated to building quality, long-term relationships with its mortgage broker and correspondent clients by offering comprehensive programs and exceptional customer experience.Responsible for managing the underwriting process and providing leadership and support for their team. Serves as resource to the National Wholesale Division for underwriting and credit policy questions. Accountable for analyzing and evaluating consumer home loan applications and supporting documentation to assess Borrowers' credit worthiness.
Types of consumer loan applications include Conventional Conforming and Non-Conforming loan amounts, FHA, VA and USDA residential first mortgages. Recommends approval or denial of credit applications and provides written and verbal decisions and documentation to support the lending decision.Job Duties:Work directly with Junior and Senior Underwriters by providing training and daily supportAssist with recruiting, interviewing, and hiring of UnderwritersMotivate and coach underwriting department in achieving National Wholesale Division goalsMonitor reports for the purpose of identifying positive and negative trends in productivity within the underwriting departmentOversee pipeline to ensure loans are approved and then cleared-to-close within the expected turn-timesManage the underwriting team and substantiate they adhere to all Plaza's Policy & Procedures, and that loans are processed in compliance with all underwriting guidelinesEngage in verbal and written communication with clients and Sales TeamEffectively communicate to the underwriting department about company changes to policy and proceduresProvide guidance to Underwriting Team Leads regarding how to effectively manage their teams (if applicable)Knowledge of FNMA, and FMLMC documentation and general guidelines/standards essential. Additionally, experience with FHA, VA and USDA requiredAbility to act as FHA DE and/or VA Automatic and SAR UnderwriterMay be asked to second sign loan decisions for lower-level authority underwriters.Act as underwriting resource for the National Wholesale DivisionAssist in resolving National Wholesale Division post-closing suspense issuesEvaluate and analyze complex income tax returns to establish qualifying incomeParticipate in developing process improvements and efficiencies as an ongoing best practiceConduct periodic loan-level audits to ensure compliance with all company quality standardsAssess and evaluate underwriter scorecard for efficiency gains; guide team members when requiredCoach underwriting team on their job performance and complete annual performance reviews by their due dateLead, guide, mentor, and train entire underwriting teamWork with AVP, Regional Underwriting Manager on setting monthly goalsOther duties as assignedQualifications:Familiarity with (AUS) automated underwriting systemsWorking knowledge of loan program products and services, and policies essentialDemonstrated skill in monitoring and overseeing loan production pipelineAbility to understand and make recommended changes to standard operating proceduresThorough grasp of state and federal regulations is required as well as a solid understanding of: HMDA, Regulation Z, Regulation B; working knowledge of the FHLMC, FNMA guidelines; based on lending authority, working knowledge of FHA, VA and USDAExperience with Loan Origination Systems (LOS) such as Calyx Point, Ellie Mae, Integra and, EncompassKnowledge of paperless file environment and image software repositoryProficiency with computer systems including MS Office (Word, Excel, and Outlook), Internet Browsers, and email functions requiredExcellent written, verbal, and interpersonal communication skillsSuperior customer service skillsAbility to efficiently and consistently produce accurate workSolid organizational and problem-solving skillsCapability of multi-tasking in fast-paced environment with heavy volume of transactionsProven aptitude to work in both a team and individual environmentSound judgment skills essential to make quick decisions within written policy and standard operating proceduresHigh school diploma or equivalent required; College degree preferredPrevious team lead, supervisory, or commensurate experience desiredCurrent Underwriting experience in the mortgage industry is a mustWork Environment: This is a remote position Mon-Fri 8am-5pm PTCompensation and Benefits:Estimated Rate of Pay:$125,000 annually This position is full-time; exempt.
The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.In addition, Plaza offers a competitive benefits package; including medical/dental/vision, paid time off and holidays, 401(k), life and pet insurance. Plaza also offers additional benefits such as Accident, Hospital, and Critical Illness insurance, and Flexible spending accounts along with a variety of discounted services.