Greylock Federal Credit Union
Mortgage Underwriting Manager
Greylock Federal Credit Union, Pittsfield, Massachusetts, us, 01201
Mortgage Underwriting Manager at Greylock Federal Credit Union
Overview
The Mortgage Underwriting Manager leads and develops a team of underwriters, sets underwriting guidelines and procedures, and ensures high-quality loan decisions while achieving sales and service goals.
Responsibilities
Manage, coach and develop a team of underwriters. Conduct performance reviews to monitor employee development and goals. Set and enforce underwriting guidelines and procedures. Review complex or high-risk scenarios and provide decisioning recommendations. Underwrite the entire portfolio of assigned loans to meet sales and service goals. Provide quality member service throughout the loan process. Perform mortgage credit analysis, with or without the assistance of an automated underwriting system, to determine borrower willingness and ability to repay the mortgage debt. Perform appraisal reviews to ensure value is supported and that the appraiser provided a complete accurate appraisal report. Thoroughly document loan decisions and/or exceptions and follow up on documentation and adherence to Loan Policies and Procedures. Be responsible for the quality and completion of loan files as they relate to the job description. Make loan decisions within assigned limits and make recommendations for approval of loans in excess of individual lending authority. Be responsible for monthly secondary market and annual underwriting audits, cooperating with third-party auditors in the possible review, discussion and resolution of audit findings. Maintain strong comprehension of Secondary Market and Mortgage Insurance guidelines. Run, review and interpret DU when applicable. Order and review MI based on loan program. Ensure that the system of record matches MI certificate. Re-underwrite loans when additional information has been received. Responsible for committing and selling mortgage loans to the secondary market, ensuring timely execution and adherence to investor guidelines. Communicate effectively with loan originators, processors, branch managers, funders and post-closers regarding loan decisions, assignment of loan conditions, investor guidelines/documentation requirements and possible loan scenarios. Secure annual grant funding and local municipal grants, as available, and oversee the allocation and utilization of funds to ensure full capacity is achieved. Manage relationships with third-party lending partners and may implement relationships with new investors or state housing agencies. Review processes to generate business and render support between various Credit Union departments. Help develop short- and long-term goals. May be asked to second sign loan decisions for lower-level authority loan officers and may originate loans as needed. Assist in collection efforts to ensure delinquency percentages and loss ratios meet the credit union goals. Qualifications
FHA Direct Endorsement (DE) certified (preferred). Associate’s degree or its equivalent through specialized coursework and training. Five plus years mortgage underwriting experience. Three plus years supervisory experience. Good working knowledge of the various Credit Union consumer loan products, services and underwriting requirements, residential lending and Secondary Market requirements. Excellent communication and organizational skills. Ability to evaluate and analyze complex income tax returns to establish qualifying income. Valid driver’s license. Able to use various office software, spreadsheet applications and be PC proficient in Microsoft Office Suite. Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance and Sales Industries
Banking Get notified about new Underwriting Manager jobs in Pittsfield, MA.
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Manage, coach and develop a team of underwriters. Conduct performance reviews to monitor employee development and goals. Set and enforce underwriting guidelines and procedures. Review complex or high-risk scenarios and provide decisioning recommendations. Underwrite the entire portfolio of assigned loans to meet sales and service goals. Provide quality member service throughout the loan process. Perform mortgage credit analysis, with or without the assistance of an automated underwriting system, to determine borrower willingness and ability to repay the mortgage debt. Perform appraisal reviews to ensure value is supported and that the appraiser provided a complete accurate appraisal report. Thoroughly document loan decisions and/or exceptions and follow up on documentation and adherence to Loan Policies and Procedures. Be responsible for the quality and completion of loan files as they relate to the job description. Make loan decisions within assigned limits and make recommendations for approval of loans in excess of individual lending authority. Be responsible for monthly secondary market and annual underwriting audits, cooperating with third-party auditors in the possible review, discussion and resolution of audit findings. Maintain strong comprehension of Secondary Market and Mortgage Insurance guidelines. Run, review and interpret DU when applicable. Order and review MI based on loan program. Ensure that the system of record matches MI certificate. Re-underwrite loans when additional information has been received. Responsible for committing and selling mortgage loans to the secondary market, ensuring timely execution and adherence to investor guidelines. Communicate effectively with loan originators, processors, branch managers, funders and post-closers regarding loan decisions, assignment of loan conditions, investor guidelines/documentation requirements and possible loan scenarios. Secure annual grant funding and local municipal grants, as available, and oversee the allocation and utilization of funds to ensure full capacity is achieved. Manage relationships with third-party lending partners and may implement relationships with new investors or state housing agencies. Review processes to generate business and render support between various Credit Union departments. Help develop short- and long-term goals. May be asked to second sign loan decisions for lower-level authority loan officers and may originate loans as needed. Assist in collection efforts to ensure delinquency percentages and loss ratios meet the credit union goals. Qualifications
FHA Direct Endorsement (DE) certified (preferred). Associate’s degree or its equivalent through specialized coursework and training. Five plus years mortgage underwriting experience. Three plus years supervisory experience. Good working knowledge of the various Credit Union consumer loan products, services and underwriting requirements, residential lending and Secondary Market requirements. Excellent communication and organizational skills. Ability to evaluate and analyze complex income tax returns to establish qualifying income. Valid driver’s license. Able to use various office software, spreadsheet applications and be PC proficient in Microsoft Office Suite. Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance and Sales Industries
Banking Get notified about new Underwriting Manager jobs in Pittsfield, MA.
#J-18808-Ljbffr