Underwriting Manager

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Cornerstone Capital Bank

WebsiteLinkedInAll Job Openings

51 - 200 employees

🏦 Banking

💸 Finance

Banking • Finance

Cornerstone Capital Bank is a community-focused national bank formed by the merger of Cornerstone Home Lending and Roscoe Bank that provides mortgage origination and servicing, personal and commercial banking, and institutional treasury and liquidity services. The bank emphasizes customer service, stability, and digital convenience, offering fee-free deposit accounts, national ATM access, wire and ACH transfers, and integrated mobile banking alongside personalized, one-on-one financial support. It serves consumers, businesses, and other financial institutions with a broad suite of banking and home-lending products.

📋 Description

• Manage, coach, mentor, and develop a team of residential mortgage underwriters. • Monitor underwriting pipelines and workload distribution to ensure timely loan decisions. • Serve as a subject matter expert for underwriting guidelines and credit policy interpretation. • Conduct performance evaluations and establish performance expectations and accountability measures. • Ensure accurate and consistent underwriting decisions in accordance with agency, investor, and company guidelines. • Review and approve complex, high-balance, exception, and escalated loan files. • Provide guidance and support on challenging credit, income, asset, collateral, and compliance scenarios. • Maintain a thorough understanding of underwriting guidelines for: Fannie Mae, Freddie Mac, FHA, VA, USDA, Jumbo and Non-QM products. • Ensure compliance with federal and state lending regulations, including: RESPA, TILA/TRID, ECOA, Fair Lending requirements, HMDA, Anti-Money Laundering (AML) requirements. • Partner with Sales and Operations leadership to balance production goals and credit risk. • Evaluate and manage exception requests within delegated authority limits. • Assist with recruiting, onboarding, training, and retention of underwriting staff.

🎯 Requirements

• Bachelor's degree in Business, Finance, Accounting, Economics, or related field preferred. • Equivalent mortgage lending experience may be considered in lieu of degree requirements. • Minimum 7-10 years of residential mortgage underwriting experience. • Minimum 3-5 years of underwriting leadership or management experience. • DE (Direct Endorsement) Certification preferred. • VA SAR (Staff Appraisal Reviewer) designation preferred. • Extensive knowledge of agency, government, jumbo, and non-QM underwriting guidelines. • Experience working within delegated underwriting authority environments. • Strong understanding of mortgage operations and secondary market requirements. • Strong credit analysis and risk assessment skills. • Deep understanding of income calculation, asset review, and collateral evaluation. • Excellent leadership, coaching, and team development abilities. • Strong analytical and problem-solving skills. • Effective communication and conflict-resolution skills. • Ability to manage multiple priorities in a fast-paced environment.

🏖️ Benefits

• Medical • Dental • Vision • Accidental Death • Long-Term Disability • Short-Term Disability • FSA • HSA • 401K • Basic Life • Voluntary Life • Paid Parental Leave