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Wholesale Underwriting Manager

Company: PennyMac
Location: Cary
Posted on: June 12, 2021

Job Description:

Overview

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

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

Keywords: PennyMac, Cary , Wholesale Underwriting Manager, Other , Cary, North Carolina

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