Deephaven Mortgage LLC
West Coast Non QM Underwriting Manager
Deephaven Mortgage LLC, Chicago, Illinois, United States, 60290
West Coast Non QM Underwriting Manager page is loaded West Coast Non QM Underwriting Manager Apply locations Charlotte, NC time type Full time posted on Posted 2 Days Ago job requisition id JR111585
Why Deephaven Mortgage? Deephaven Mortgage has been a pioneer and leader in non-QM since our origin in 2012. Our longevity and strength in the non-QM space has allowed a significant number of borrowers to achieve homeownership who otherwise would not have under traditional requirements. Deephaven champions mortgage borrowers whose independence, entrepreneurial drive and determination are often the very reason they cannot qualify for a traditional loan.
We continuously and responsibly innovate new mortgage products and programs that put homeownership within reach of millions of borrowers and investors that need and deserve financing through lending ingenuity that is supported by common-sense underwriting.
Deephaven is comprised of two lending platforms. Our wholesale channel offers loans through a network of over 1,000 independent mortgage brokers. Our correspondent channel buys loans from over 200 correspondent partners. Deephaven’s headquarters are in Charlotte, North Carolina. To learn more about our innovative loan solutions please visit
www.deephavenmortgage.com
or email us at
info@deephavenmortgage.com . Job Overview The Underwriting Manager determines workload, workflow and monitors department production and service standards. This position will work closely with the Senior Vice President of Underwriting to identify and implement underwriting programs that improve business opportunities. The Underwriting Manager will support the Senior Vice President of Underwriting with the oversight and development of short and long-term underwriting projects, strategic goals and objectives. This position is expected to perform all duties in accordance with Deephaven Mortgage policies, procedures, guidelines and applicable state and federal regulations. The ideal candidate will reside on the West Coast. What You’ll Do Works to develop and increase skill set and knowledge of all underwriting personnel
Provides insight, direction and expertise to less experienced team members
Independently makes decisions and leads special projects
Builds and manages networks of business, lender, and internal relationships
Provides input on new and / or existing Underwriting processes, procedures and future enhancements
Monitors incoming volume and balance pipelines and assignment of production
Recruits, hires and trains underwriting personnel
Collaborates with SVP and VP of Underwriting on the preparation of the annual performance reviews, any necessary counseling and or performance improvement plans
Collaborates with SVP and VP of Underwriting to resolve personnel issues and ensure cohesiveness among staff
Coordinates and cooperates with managers interdepartmentally to ensure optimum efficiency
Identifies Pre-Closing and Post-Closing trends and provides training where needed
Assists others in researching and interpreting complex data to determine meaning and best course of action
Assesses loan attributes and documentation for soundness and accuracy
Reviews and evaluates data to ascertain loan viability and identify risk issues and potential fraud
Assists in identifying, recommending and / or negotiating alternative loan requirements, restructure, and exception solutions
What We Need College degree preferred or minimum of 10 years of mortgage experience required
Manual underwriting experience
Previous management or team lead experience with direct reports
Minimum 2 years correspondent and/or wholesale experience preferred
Understanding of HELOC/HELOAN experience
Experience with Business Purpose Lending/Multifamily Underwriting
Ability to establish and cultivate professional and collaborative working relationships across departments
Comprehend the organization’s key priorities and the underlying business rationale driving them
Extensive experience in underwriting with deep knowledge of mortgage lending, auditing, and credit processes
Working knowledge of non-conventional guidelines, as well as Federal and State compliance requirements
Problem solver who can discern scenarios for the best overall client experience
Exceptional written and verbal communication skills, with the ability to clearly convey complex information, collaborate effectively with diverse teams, and tailor messaging to various audiences
Must be West Coast based
Compensation:
The base pay for this position is up to $135,000 annually, plu s eligibility for a monthly bonus incentive plan based on team performance. Our Perks
Time to Recharge – Unlimited Responsible Time Off (RTO) Future Finance Focused – Generous employer-matched 401(k) plan Community Connect– Philanthropy Committee that creates charitable initiatives Health from Day One – Comprehensive health insurance starting on day one of employment Family Matters – Competitive maternity and paternity leave Culture & Celebrations – Culture Committee with team-building events and celebrations Ideas Welcome – Encouraging thought leadership and innovation Guidance & Growth – Mentorship opportunities for career development Perk Up – Exclusive discounts on travel, tech, pets, legal, and more Privacy Policy
Deephaven was founded in 2012 to provide mortgages to the millions of Americans who, for one reason or another, are unable to qualify for a traditional, government-backed loan. Deephaven champions those mortgage borrowers whose independence, entrepreneurial drive and determination are often the very reason why they can’t qualify for a traditional loan.
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Why Deephaven Mortgage? Deephaven Mortgage has been a pioneer and leader in non-QM since our origin in 2012. Our longevity and strength in the non-QM space has allowed a significant number of borrowers to achieve homeownership who otherwise would not have under traditional requirements. Deephaven champions mortgage borrowers whose independence, entrepreneurial drive and determination are often the very reason they cannot qualify for a traditional loan.
We continuously and responsibly innovate new mortgage products and programs that put homeownership within reach of millions of borrowers and investors that need and deserve financing through lending ingenuity that is supported by common-sense underwriting.
Deephaven is comprised of two lending platforms. Our wholesale channel offers loans through a network of over 1,000 independent mortgage brokers. Our correspondent channel buys loans from over 200 correspondent partners. Deephaven’s headquarters are in Charlotte, North Carolina. To learn more about our innovative loan solutions please visit
www.deephavenmortgage.com
or email us at
info@deephavenmortgage.com . Job Overview The Underwriting Manager determines workload, workflow and monitors department production and service standards. This position will work closely with the Senior Vice President of Underwriting to identify and implement underwriting programs that improve business opportunities. The Underwriting Manager will support the Senior Vice President of Underwriting with the oversight and development of short and long-term underwriting projects, strategic goals and objectives. This position is expected to perform all duties in accordance with Deephaven Mortgage policies, procedures, guidelines and applicable state and federal regulations. The ideal candidate will reside on the West Coast. What You’ll Do Works to develop and increase skill set and knowledge of all underwriting personnel
Provides insight, direction and expertise to less experienced team members
Independently makes decisions and leads special projects
Builds and manages networks of business, lender, and internal relationships
Provides input on new and / or existing Underwriting processes, procedures and future enhancements
Monitors incoming volume and balance pipelines and assignment of production
Recruits, hires and trains underwriting personnel
Collaborates with SVP and VP of Underwriting on the preparation of the annual performance reviews, any necessary counseling and or performance improvement plans
Collaborates with SVP and VP of Underwriting to resolve personnel issues and ensure cohesiveness among staff
Coordinates and cooperates with managers interdepartmentally to ensure optimum efficiency
Identifies Pre-Closing and Post-Closing trends and provides training where needed
Assists others in researching and interpreting complex data to determine meaning and best course of action
Assesses loan attributes and documentation for soundness and accuracy
Reviews and evaluates data to ascertain loan viability and identify risk issues and potential fraud
Assists in identifying, recommending and / or negotiating alternative loan requirements, restructure, and exception solutions
What We Need College degree preferred or minimum of 10 years of mortgage experience required
Manual underwriting experience
Previous management or team lead experience with direct reports
Minimum 2 years correspondent and/or wholesale experience preferred
Understanding of HELOC/HELOAN experience
Experience with Business Purpose Lending/Multifamily Underwriting
Ability to establish and cultivate professional and collaborative working relationships across departments
Comprehend the organization’s key priorities and the underlying business rationale driving them
Extensive experience in underwriting with deep knowledge of mortgage lending, auditing, and credit processes
Working knowledge of non-conventional guidelines, as well as Federal and State compliance requirements
Problem solver who can discern scenarios for the best overall client experience
Exceptional written and verbal communication skills, with the ability to clearly convey complex information, collaborate effectively with diverse teams, and tailor messaging to various audiences
Must be West Coast based
Compensation:
The base pay for this position is up to $135,000 annually, plu s eligibility for a monthly bonus incentive plan based on team performance. Our Perks
Time to Recharge – Unlimited Responsible Time Off (RTO) Future Finance Focused – Generous employer-matched 401(k) plan Community Connect– Philanthropy Committee that creates charitable initiatives Health from Day One – Comprehensive health insurance starting on day one of employment Family Matters – Competitive maternity and paternity leave Culture & Celebrations – Culture Committee with team-building events and celebrations Ideas Welcome – Encouraging thought leadership and innovation Guidance & Growth – Mentorship opportunities for career development Perk Up – Exclusive discounts on travel, tech, pets, legal, and more Privacy Policy
Deephaven was founded in 2012 to provide mortgages to the millions of Americans who, for one reason or another, are unable to qualify for a traditional, government-backed loan. Deephaven champions those mortgage borrowers whose independence, entrepreneurial drive and determination are often the very reason why they can’t qualify for a traditional loan.
#J-18808-Ljbffr