Jumbo Forensic Underwriter

Job Description:

The Forensic Underwriting Team Lead is responsible for leading a team of Forensic Underwriters and for overseeing day-to-day operations within the Forensic Underwriting team. This role focuses on ensuring that Underwriters are supported in resolving Post Closing conditions on Bond, Agency and Non-Agency loans during the purchase review process. The Forensic Underwriting Team Lead acts as a direct resource for the team, offering guidance, answering loan-level inquiries, and managing escalations to ensure the conditions and exceptions are resolved in a timely manner. While collaborating closely with the Forensic Underwriting Manager, the Team Lead is involved in addressing escalated investor rebuttals, guidance with formal written responses, and direction with complex deficiency correction. This position ensures the Underwriters are equipped to maintain productivity, contributing to the successful processing and purchasing of loans.

Job Responsibilities:

• Manage the day-to-day tasks of the Forensic Underwriting Team.

• Serve as the first level escalation point for Forensic Underwriting Team to send general questions and for additional file reviews to assist with loan level decisions.

• Review and balance the team’s loan assignments and task load.

• Provide employee development and performance coaching in one-on-one meetings.

• Assist with onboarding and training new hires and existing employees to be upskilled on variety of topics as needed.

• Monitor the team's performance metrics and report regularly to management on documentation accuracy, timeliness, and compliance.

• Suggest process improvements to increase efficiency, accuracy, and compliance within the Forensic Underwriting Team.

• Review production and processes to identify trends that will be relayed to the Forensic Underwriting Manager.

• Pull reports from the LOS system to identify the aged loans currently outstanding.

• Assist with Forensic Underwriting Team tasks and responsibilities, as necessary.

• Proactively monitor investor posted turn times and follow up as necessary to ensure files are reviewed within their published turn times.

• Review and obtain clarification from investors when needed to determine what is acceptable to cure applicable defects.

• Monitor time of loans on the warehouse lines and advise Forensic Underwriting Manager of those at potential risk for curtailment from the warehouse.

• Monitor a pipeline to ensure all loans assigned to Forensic Underwriting Team are actively being worked.

• Provide updates on the status of assigned loans with investors to Forensic Underwriting Manager.

• Ensure investor guidelines are followed and avoid incurring suspense fees.

• Ensure Forensic Underwriting Team meets set monthly goals.

Qualifications and Skills:

• High School Diploma or equivalent.

• 2+ years’ experience in a Team Lead or senior role.

• Experience working in Encompass a plus.

• Extensive knowledge of regulatory rules and regulations.

• Thorough understanding of Agency, Non-Agency, Bond, and Non-QM guidelines, with experience addressing investor conditions and exceptions.

• Excellent communication skills.

• Excellent problem-solving skills to determine solutions and identify alternative resolutions within acceptable guidelines.

• Skilled at prioritizing to complete multiple tasks within a given period.

• Skilled at independently making decisions.

• Excellent customer service skills with internal employees and external vendors.

• Proficient in Microsoft Office Suite.

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.

Pay Range:

• Hourly Rate: $52.88-$57.69
• The posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.

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