PennyMac Mgr, UW - Remote in Phoenix, Arizona
Responsible for managing and supporting the underwriting function in alignment with department policies, practices and standards.
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:
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Requisition ID 20-13562
Position Type Regular
Education Bachelor's Degree
Years of Experience 5