What are the responsibilities and job description for the Mortgage Loan Underwriting Manager position at UNITED COMMUNITY BANK?
Mortgage Loan Underwriting Manager
As the Mortgage Loan Underwriting Manager, you will be responsible for the daily management of underwriting department for an efficient and effective underwriting team. Responsible for overseeing the underwriting staff and ensuring they make sound timely decisions based on UCMS policies and procedures as well as investor, Fannie/Freddie guidelines. Responsible for ensuring compliance with all regulatory and agency requirements. Interpret and implement guidelines/training and serve as an expert consultant in making prudent underwriting decisions.
What You’ll Do:
- Daily managing/coaching/being team player for the underwriting team
- Supervise daily workflow to maximize production and underwriting turn time
- Weigh risk and make business decisions within and outside of standard underwriting guidelines
- Managing the compliance, credit, collateral, and capacity reviews in additional to all other requirements such as LQI (lender quality assurance), addressing pre-funding audits, internal audits, post-closing reviews, etc.
- Ensure all loans are underwritten in compliance with all agencies, investor, internal, and regulatory policies and procedures
- Ensure that all fair lending and compliance policies are followed both for UCBI and lending partners, such as investors, mortgage insurance companies, agencies, etc.
- Underwrite complex, difficult, employee or exception loans
- Assist with second level reviews and maintain underwriting authority
- Manage underwriting exceptions from closing and post-closing
- Provide responses to audit and qualify control reviews
- Assist bank compliance department in regulatory audits, reviews, etc.
- Work with other department managers and the VP Mortgage Group Leader to develop and maintain operational policies and procedures (closing, post-closing, processing, etc.)
- Monitor quality and progress of all team members and perform annual performance reviews with specific goals/department standards
Required for Success:
- 10 years’ experience working on FNMA/FHLMC programs and guidelines, as well as those of other conventional investors, jumbo products, state/local bond programs and private mortgage insurers, etc.
- FHA DE/VA SAR preferred but not mandatory
- Experience with DPA programs preferred
- 3 – 5 years’ management experience with proven leadership qualities
- Extensive knowledge of FNMA/FHLMC programs and UCMS policies and procedures
- Ability to coach employees and provide positive/needed feedback
- Ability to analyze complex personal and business returns/financials, P&Ls, and other forms of income
Why Join Us?
At United Community Bank, we believe in combining top-of-the line financial solutions with award-winning satisfaction for our customers and employees. United Community Bank is known for excellent services; it is part of our foundation and is one of our guiding principles. We call ourselves The Bank that SERVICE Built to remind us every day of our brand promise. Join one of the Southeast’s leading financial institutions, a 2023 American Banker Best Banks to Work for.
Ready to take the next step in your career? Apply now!
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
