Regional Underwriting Manager

🕒 July 10

🌽 Illinois – Remote

🌽 Illinois – Remote

💵 $120k - $130k / year

⏰ Full Time

🟠 Senior

🔴 Lead

📋 Underwriter

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Rate

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 2000

💳 Fintech

💸 Finance

💰 Private equity on 2018-01

Fintech • Finance

Rate is a consumer-facing finance brand (likely a fintech) whose website CSS contains explicit credit-related variables and UI tokens. The available site stylesheet includes color variables named for credit tiers (credit-poor, credit-fair, credit-good, credit-excellent) and many design tokens for rates, marketing, and status indicators — indicating Rate offers digital experiences around credit scoring, rates, or other personal finance metrics. The styling and tokens suggest a polished web product focused on presenting financial/credit information to users rather than hardware or non-financial services.

📋 Description

• Create and maintain a highly efficient and productive environment/culture that values team members and rewards performance • Remotely manage team • Ensure effective communication and team building atmosphere within all departments of Guaranteed Rate • Manage the mortgage underwriting pipeline; being cognizant of service levels, quality, compliance and daily expectations • Plan, coordinate, direct, review and supervise work of subordinates in the underwriting of mortgage loans • Oversee VA underwriting to ensure adherence to all Agency, Investor and Guaranteed Rate guidelines • Review and analyze file documentation related to the loan decision and properly mitigate and document policy exceptions • Review a percentage of approved loans by underwriters in your region to ensure they are complete and accurate and provide feedback to the Divisional Underwriting Manager • Ensure the integrity of loan data entered and maintained in Encompass LOS, AUS and all systems required throughout the underwriting process • Ensure that loan conditions submitted to obtain clear-to-close are reviewed in a timely manner • Ensure compliance with regulatory requirements including but not limited to QM, ATR, HMDA, Reg B, ECOA, Reg V, Fact Act, AIR, Safe Act, etc. • Monitor results of internal audits and suspensions for areas needing improvement and additional training opportunities • Provide guidance, training, coaching and assistance to staff as needed • Responsible for employee evaluations, disciplinary actions, salary adjustments and termination functions • Work closely with varying levels of management both internally and externally • Other various duties as required

🎯 Requirements

• BS/BA in Finance, Operations or Management preferred, or equivalent work history • Must have 7+ years’ experience in all aspects of residential mortgage origination for both conventional and government products • Two or more years’ experience in a management role, with proven track record in management and supervision • SAR/LAPP Strong knowledge of State and Federal laws pertaining to the mortgage banking industry: QM, ATR, RESPA, ECOA, AIR, etc. • Some renovation lending experience (203K and Conventional) • Proficiency in MS Office (Word, Excel, PowerPoint and Outlook) • Strong verbal and written communication skills are necessary • Excellent customer service skills with strong attention to detail • Time Management skills and the ability to prioritize workload based on daily production • Strong analytical skills required with a high degree of accuracy • Ability to work flexible hours as needed • Ability to multi-task in other areas of the units • Positive attitude and team-oriented spirit • Ability to function in an ever-changing environment

🏖️ Benefits

• 401(k) plan • vacation benefits • medical insurance • dental insurance • vision insurance • prescription drug benefits • flexible benefits • life insurance • critical care insurance • personal accidental insurance • commuter benefits • pet insurance • employee assistance program