Manager, TPO Underwriting

Position Overview

The TPO Underwriting Manager is responsible for implementing underwriting policies & standard practice, and managing all aspects of loan decisions. They determine the economic health of applications; review loan conditions; implement and enforce fraud detection; verify and calculate risk factors of the loan and weigh credit risk to ensure that the liability taken will result in a saleable loan. They communicate decisions to all parties and build relationships with both internal and external parties.

Essential Duties & Responsibilities include:

• Reviews all FHA loan components in the file for completeness, accuracy and integrity while ensuring that documents are consistent and uphold the company and industry guidelines.

• Examines transaction and investor manual/guidelines to ensure compliance with all investor guidelines.
• Reviews and analyzes appraisals, preliminary title work, and purchase contracts.
• Weighs credit risk to ensure that the liability taken on by the company will result in a saleable loan.
• Implements and enforces fraud detection techniques.
• Requests supplemental information as necessity dictates.
• Recognizes risk factors that may compromise the overall quality of a loan file.
• Executes loan decisions and review loan conditions in a timely manner
• Manage Underwriting team

Minimum Qualifications (Skills, Knowledge & Abilities):

• Experience with LP/DU and AUS engine a must.

• Strong organizational skills and attention to detail.
• Understand various mortgage documents.
• Knowledge of FHA regulations and file analysis. Ability to determine if submitted conditions are acceptable, and offer alternative suggestions as needed.
• Working knowledge of investor underwriting and selling guidelines.
• Working knowledge of income calculation methods (per FHA/Agency Guidelines), including but not limited to reviewing Tax Returns and any accompanying Tax Schedules.
• Working knowledge of loan amount calculation of Rate and Term Refinance, Streamline Refinance, etc.
• Ability to keep up to date with new developments with FHA loan programs.
• Ability to follow written and verbal directives.
• Ability to analyze large volumes of financial data.

Experience and Education:

• Possess 7+years of mortgage banking and government underwriting experience.  

• Mortgage Underwriter License preferred; completion of pre-licensure 20-hour education program must be completed in 90-days with passing test results.  
• A proven track record of processing a minimum of 3 to 5 new files per day and conditioning a minimum of 4 to 6 files per day.  
• Experience must include hands-on responsibility for the fullscopeunderwriting activities, both operations and analysis.
• Management experience preferred

Physical Demands:

The physical demands are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear; taste or smell. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

Work Environment:

This job operates in an office setting and is largely sedentary, requiring the routine use of a computer and other standard office equipment. The ability to lift or move up to 25 pounds, bend, reach, and perform manual tasks may also be required. Remote work is an optional setting. Work environment characteristics are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is exposed to weather conditions prevalent at the time. Business travel may provide for varying degrees of change in work environment. The noise level in the work environment is usually moderate.

Remote Work Availability:  Yes

Job Classification:

• Exempt
• Salary