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PennyMac Mgr, UW - Remote in Phoenix, Arizona

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

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Requisition ID 20-13562

Location US-AZ-Phoenix

Position Type Regular

Category Underwriting

Education Bachelor's Degree

Years of Experience 5

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