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Underwriting Manager

Location: Santa Ana, CA, United States
Req ID: 011792

Job Description

Description

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Ready to be a Cooper too? This might just be right up your alley!

We’re here to keep the dream of home ownership alive. Oh, and while we’re at it, we’re determined to change the lending industry itself. It’s simple, but it won’t be easy. And we’ll need a great team behind us. (That’s where you come in.) We want to show the world that transparency, candor and collaboration aren’t just good values. They’re good business. Working here isn’t for people who want to punch a clock. It’s for people who want to punch a hole in the status quo. Come join us. And make a difference instead of just a living.

JOB SUMMARY

Reviews and underwrites mortgage files to underwriting guidelines.  Determines stipulations on loan files and communicates directly with branch/division personnel to resolve the stipulations.  Assist other team members with files, which exceed approval guidelines and exceptions.

ESSENTIAL JOB FUNCTIONS

  • Manage underwriters to ensure mortgage loans are underwritten in compliance with underwriting guidelines and state and federal reporting guidelines (RESPA, HMDA, and Section 32).
  • Ensures underwriters are verifying all documentation with regards to:  income, credit, appraisal and title information.
  • Effectively communicates required stipulations to the branch/division and assists where possible to expedite final approval of the file.
  • Promptly and accurately reviews files to issue pre-approvals, which are outside standard guidelines.
  • Ensures accurate pricing within established guidelines.
  • Reviews files, which have been appealed by the branch/division office.
  • Trains branch/division staff on underwriting and documentation requirements.
  • Approves files that are exceptions to the guidelines or in excess of supervisors’ approval authority.
  • Ensures that appraisal and title insurance is provided by an approved vendor.
  • Responsible for productivity reporting and projections as required by management.
  • Other duties as assigned.

FUNCTIONAL JOB COMPETENCIES

Problem Solving: Uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesn’t stop at the first answers.

Decision Quality: Makes good decisions (without considering how much time it takes) based upon a mixture of analysis, wisdom, experience, and judgment; most of his/her solutions and suggestions turn out to be correct and accurate when judged over time; sought out by others for advice and solutions.

Process Management: Good at figuring out the processes necessary to get things done; knows how to organize people and activities; understands how to separate and combine tasks into efficient work flow; knows what to measure and how to measure it; can see opportunities for synergy and integration where others can’t; can simplify complex processes; gets more out of fewer resources.

Negotiating: Can negotiate skillfully in tough situations with both internal and external groups; can settle differences with minimum noise; can win concessions without damaging relationships; can be both direct and forceful as well as diplomatic; gains trust quickly of other parties to the negotiations; has a good sense of timing.

Planning: Accurately scopes out length and difficulty of tasks and projects; sets objectives and goals; breaks down work into the process steps; develops schedules and task/people assignments; anticipates and adjusts for problems and roadblocks; measures performance against goals; evaluates results.

Organizing: Can marshal resources (people, funding, material, support) to get things done; can orchestrate multiple activities at once to accomplish a goal; uses resources effectively and efficiently; arranges information and files in a useful manner.

EDUCATION / EXPERIENCE REQUIREMENTS

What level of education or specialized training is required to perform the job?

Graduation from a 4-years college or university with major course work in a discipline related to the requirements of the position.  Will consider the equivalent combination of job experience and education that demonstrates the ability to perform the essential functions of the job.

How many years of directly related job experience are required to be qualified to enter the job?

Seven years of experience in mortgage underwriting or lending experience

Mr. Cooper is committed to nurturing a diverse and inclusive environment where every employee is empowered to be their authentic self.  We know that a large part of our success as a business is directly tied to our ongoing efforts to attract and retain diverse talent and maintain an inclusive environment where each employee can thrive.  Embracing and leveraging diversity through an inclusive work environment fosters new ideas, new insights, and constant innovation.  We strive to weave the principles of diversity and inclusion throughout the fabric of how we work, how we interact, and how we engage with our customers and the community.

Job Requisition ID:

011792

Job Category:

Originations

Primary Location City:

Santa Ana

Primary Location Region:

California

Primary Location Postal Code:

92705

Primary Location Country:

United States of America

Posting Organization:

Mr. Cooper

Line of Business:

Origination

Additional Posting Location(s):

Alternate Requisition:

No

Summary

Employees matched to this sub unit underwrite loans originated through multiple origination channels and / or product types.
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