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Citi · 1 week ago

Head of Mortgage Underwriting and Credit Initiation

O'Fallon, MO

Full-time

Onsite

Director/Executive

$170K/yr - $300K/yr

10+ years exp

Citi is a leading financial services company, and they are seeking a Head of Mortgage Underwriting and Credit Initiation to oversee daily underwriting operations and strategic development in the mortgage industry. This role involves managing underwriting processes, ensuring compliance, and driving technology and process improvements to enhance efficiency and customer experience.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Responsible for the development, implementation and governance of a comprehensive framework used to manage underwriting and residential real estate credit risk

Manage the underwriting process, pipeline, loan quality, personnel, and deal structuring of mortgage transactions

Manage workflow and monitor daily productivity, ensure proper controls and procedures are documented, maintained and followed and identify trends

Accountable for end results, budgeting, planning, policy and procedure formulation, and contribution to future strategy in Underwriting

Establish goals and objectives for the department, ensuring proper controls and procedures exist for timely and accurate processing of credit reviews while maintaining an environment focused on credit quality, service, accuracy and efficiency

Manage compliance, business and independent risk controls as required and/or needed

Partner with credit risk to analyze and provide credit recommendations and guidance to senior leadership

Create and foster an environment of teamwork, camaraderie and professional growth and development

Routine interactions with Sales, Compliance, Legal, Credit Risk, Independent Risk, and Senior Management to accomplish business objectives

Makes recommendations to enhance credit policy to meet business needs

Hire, manage, coach and constantly evaluate the team members and leadership team

Prepare and issue senior management reports and deliver presentations to large audiences

Responds to Quality Control, Compliance Testing and Internal and External Audit findings

Promotes a culture of collaboration and teamwork across organizational boundaries; willing to break down functional silos to optimize business results and to facilitate the overall growth of the franchise

Executive Communication skills. Ability to write clear proposals, project plans, and presentations

Proven experience in engaging and nurturing successful relationships with other stakeholders

Strong influencing and negotiation skills. Ability to explore alternatives and positions to reach outcomes that are supported and accepted by various parties

Proactive and dynamic with a strategic mindset. Able to identify and resolve issues quickly and effectively

Ability to work effectively in situations requiring analytical, interpretive and problem-solving techniques

Qualification

Underwriting leadershipMortgage compliance knowledgeAnalytical skillsCredit policy understandingTeam managementExecutive communicationInfluencing skillsProblem-solvingInterpersonal skills

Required

10+ years underwriting leadership experience managing high performing teams, preferably in a banking environment

Excellent knowledge of mortgage compliance in general, and specific underwriting compliance

Strong analytical skills, including financial analysis of complex information e.g. corporate cash flows, multiple sources of personal income, structuring complex mortgage or other financing transactions

Demonstrated ability to synthesize information, prioritize business goals and drive results with a high sense of urgency

Strong interpersonal, influencing and written/verbal communications skills

Outstanding people leadership skills, able to envision an enhanced future state and motivate and inspire others to create it

Pragmatic problem solver, forward thinker with independence of thought

Ability to create support and buy-in across a wide range of stakeholders; create a strong network of relationships among peers, internal partners, external constituencies and decision makers

Aptitude to work independently as well as with a team with minimal direction in a fast-paced, changing environment - excellent prioritization skills a must

Bachelor's degree/University degree or equivalent experience

Preferred

Master's degree preferred

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Wellness programs

Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

Company

Citi

Glassdoor3.8

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Founded in 1812

San Antonio, Texas, USA

10001+ employees

https://www.citi.com

H1B Sponsorship

Citi has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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