ALEC · 4 months ago
Underwriting Manager
Gurnee, IL, US
Full-time
Onsite
Mid, Senior Level
$68K/yr - $114K/yr
6+ years expALEC is seeking an Underwriting Manager to direct the activities and manage the Underwriting and Collections team. The role involves managing lending risk, overseeing loan processing, and ensuring compliance with state and federal regulations.
BankingFinancial Services
Responsibilities
Maintains satisfactory asset quality of loan portfolio
Reviews loan applications to analyze for credit quality and program acceptance
Approves mortgage and consumer loan requests
Organizes and monitors loan files to ensure timely processing
Oversees post-closing audit functions including reports and account maintenance
Assists in product development and vendor procurement
Interfaces/corresponds directly with credit union business partners
Manages automated underwriting systems
Monitors and adheres to mortgage loan investor requirements
Manages collection function for all loan types
Confirms and approves mortgage wires
Assist with administration of loan origination systems (Meridian Link)
Manages indirect loan participation relationship
Prepares weekly/monthly/quarterly management reports
Ensures loan compliance at State and Federal level
Other duties as may be assigned
Qualification
Required
High School Diploma or equivalent (GED)
Three (3) years of mortgage and consumer underwriting experience
Three (3) years of prior management experience
Preferred
Bachelor's degree in Business Administration or related field
Three (3) years of mortgage and consumer loan underwriting and management experience, with one (1) year being in a financial institution
Company
ALEC
There’s a big difference between simply having a financial institution — and having a financial institution that truly cares about you.
51-200 employees
Funding
Current Stage
Growth StageRecent News
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