PennyMac
Wholesale Mortgage Underwriting, Manager - In House (Not Remote)
At a glance
Location: US-AZ-Phoenix Map
Posted: 06/26/2020
Closing: 07/25/2020
Degree: 4 Year Degree
Type: Full-Time
Experience: Not Specified
PennyMac
Job description

Responsible for managing and supporting the underwriting function in alignment with department policies, practices and standards.

Ask us about our sign on bonus for this position! *Eligible for applicants from 4/1/2020 to 9/1/2020

Job Description
  • Manage an underwriting staff of approximately 5-10 underwriters
  • Ensure underwriting service levels are achieved
  • Ensure underwriting quality meets company and investor standards
  • Carry out personnel management including hiring, counseling, training.
  • Continuously evaluate processes to ensure application of best practices and maximize staff utilization 
  • Provide training as needed to underwriting staff ensuring that all staff are adequately informed of program guidelines and underwriting practices
  • Provide support to production staff regarding  underwriting and credit policy matters
  • Completes second reviews of loan files and resolves exception cases
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization’s desired culture and values
Ideal Candidate will have the following:
  • Current and extensive knowledge of FNMA/FHLMC, FHA, and VA program guidelines.
  • Experience analyzing financial statements for high net worth borrowers
  • A thorough understanding of cash flow methodology for complex tax returns including, but not limited to, partnerships, corporations, S-corporations, as well as,  treatment of capital gains and trust income
  • Must be highly proficient in Excel and Word
  • Must be a team player with strong attention to detail and able to work independently
  • Proven track record at delivering timely and accurate information in a fast-paced environment
  • Excellent critical thinking, problem solving, mathematical skills and sound judgment
  • Financial Services and, if possible, mortgage industry experience preferred
  • Strong business acumen and ability to interface with executive management
Years of Experience: 5 Education: Bachelor's Degree
Wholesale Mortgage Underwriting, Manager - In House (Not Remote)