Underwriter Manager
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Details
Description
Underwriter Manager
The Underwriter Manager leads the underwriting function for residential mortgage loans ensuring compliance with investor agency and regulatory guidelines. This role manages the Willamette Valley Bank Underwriting Team collaborates with Sales on loan structuring and drives operational excellence through training and communication. The Manager plays a key role in maintaining loan salability minimizing repurchase risk and delivering a high-quality borrower experience.
Key Responsibilities
Leadership & Team Management
- Supervise and mentor the Underwriting Team to ensure consistent application of guidelines and high-quality loan decisions
- Provide coverage for team members and leadership during absences and lead monthly meetings to review audit findings and performance
- Oversee time sheet approvals maintain performance documentation and deliver ongoing training and updates to underwriting staff
Strategic Collaboration
- Partner with Sales to structure complex loan scenarios and ensure eligibility and salability
- Respond to scenario inquiries and provide guidance on investor and agency requirements
- Communicate proactively with internal stakeholders to resolve underwriting issues and support post-closing efforts
Compliance & Quality Control
- Ensure all loans meet corporate credit policy and comply with ATR/QM provisions under the Dodd-Frank Act
- Monitor investor and agency guideline changes and communicate updates through Operational Announcements
- Conduct second-level reviews and income analysis to support underwriting decisions and ensure salability
Underwriting Duties
- Underwrite new loan files and evaluate borrower creditworthiness using financial documentation and credit reports
- Ensure compliance with corporate policies and regulatory requirements including ATR and QM provisions
- Review loan applications assets appraisals and project documentation to confirm accuracy and adherence to guidelines
Qualifications
Qualifications
- Bachelors degree in Business Administration Finance Accounting or Economics or equivalent work experience
- Minimum 5 years of mortgage underwriting experience with 3 to 5years in a supervisory or management role
- Expert knowledge of FHA VA USDA FNMA FHLMC and non-QM investor requirements
- Strong analytical leadership and communication skills
- Strong knowledge of agency guidelines (Fannie Mae Freddie Mac FHA VA)
- Proven leadership and team management skills
- Excellent communication and problem-solving abilities
About Us
Where Local Means Everything
If you ask us local means that our connection to the places in which we work goes beyond geography it means we are ingrained in the local economy we are part of the culture and we help support our neighbors through volunteering community outreach and charitable donations.
Banking Local means your money gets reinvested into your local communities and keeps your small towns thriving. When you put your money in a local bank you are helping to provide a tractor to local farmers an oven for the neighborhood bakery and a home for the family next door.
ADA Statement: The responsibilities listed are representative of the essential functions of the position. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Willamette Valley Bank is committed to creating a welcoming and inclusive workplace for everyone. We consider all qualified applicants for employment regardless of background or personal characteristics. If you need any assistance or accommodation during the application or interview process please reach out to us at . Were here to support you every step of the way.
Required Experience:
Manager
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
