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Arc Home · 3 days ago

Underwriting Manager (Pacific Time Zone Hours)

United States

Full-time

Remote

Senior Level, Lead/Staff

$125K/yr - $145K/yr

10+ years exp

Arc Home is a company that excels in providing specialized Non-QM lending solutions to wholesale mortgage brokers and correspondent lenders. They are seeking an Underwriting Manager who will be responsible for managing a team of non-QM underwriters and overseeing the underwriting of complex loans, ensuring compliance with standards and enhancing customer experience.

Financial ServicesMortgage

Responsibilities

Ensure loans are underwritten in accordance with our and secondary market investor’s standards

Train and coach underwriting team members when needed and institute a training program to provide for continued advancement of underwriters into more complex degrees of loan types, including non-QM, non-traditional, non-agency and/or subprime products

Provides technical assistance to subordinate underwriters, loan originators, processors and closers in order to enhance volume, accuracy, efficiency and maintain superior customer service

Manage to and validate implementation of regulatory and investor-required changes as well as company-led initiatives aimed at ensuring compliance with underwriting standards and improving performance of underwriting operations

Collaborate with Sales, Operations, Credit Risk and Product Management, Legal / Compliance, and other Company functions, as necessary, to continuously enhance the customer experience, fulfill origination-related company requirements and ensure compliance with investor and regulatory requirements

Continuously evaluate underwriter performance against SLA targets and assess opportunities to improve underwriting decisioning and productivity while supporting the Company’s mission of providing the best possible client experience

Be the subject matter expert of investor underwriting guides and investor compliance requirements. Monitor all related entities for new changes and ensure dissemination of changes internally as well as implementation of changes as necessary

Develop and maintain relationships with investors which contribute to the success of the Company

Recruit and retain highly productive, customer-centric underwriters, particularly underwriters with non-QM, non-traditional, and/or non-agency experience

Qualification

Non-QM underwriting experienceUnderwriting procedures knowledgeTeam management experienceMortgage credit evaluationLendingQB/MLM experienceRemote staff leadershipBachelor’s degreeHUD Direct EndorsementSAR/VA LAPP DesignationCommunication skillsAttention to detailCollaboration skills

Required

10 years of Non-QM residential mortgage underwriting experience in Wholesale and Non-Delegated Correspondent channels

Experience managing a team of Underwriters

Thorough knowledge of underwriting procedures and real estate appraisal requirements

Thorough knowledge of creditor financial analysis techniques and mortgage credit evaluation

Thorough knowledge of criteria, guidelines and government regulations associated with various loan types (i.e., FHLMC, FNMA, FHA, VA, Conventional, Private Investor)

Good PC skills, including word processing and spreadsheet software

Ability to handle a high degree of attention to detail

A strong track record of collaboration with operations and sales peers in developing client-friendly processes and policies

A passion for outstanding customer service

Excellent verbal and written communication skills as well as quantitative and qualitative management skills and practices

Skilled leader of remote staff and confident user of technology such as Teams, and other tools to engage remote underwriters

Bachelor's degree in Business, Finance or an equivalent combination of education / experience

Minimum of 10 years residential mortgage underwriting experience, with strong experience in non-traditional, non-agency and/or non-QM products

Wholesale and Non-delegated correspondent experience mandatory

Minimum 5 years of mortgage underwriting management experience

Preferred

HUD Direct Endorsement Underwriter designation

SAR/VA LAPP Designation

Benefits

Comprehensive Health Benefits: We offer competitive health, dental, and vision plans, as well as life and disability insurances. Additional supplemental insurance options are also available. Eligibility starts the 1st of the month after your start date.

Paid Time Off (PTO): PTO starts accruing from your first day of employment, allowing you to take the time you need. We also observe 10 paid holidays annually.

401(k) Retirement Savings Plan: We provide a Safe Harbor 401(k) plan with a generous company match to help you build a secure financial future. You can choose between Traditional and Roth 401(k) options.

Friends & Family Loan Program: Team Members and their family and friends can take advantage of discounted rates on home purchases or refinancing through this exclusive program.