Mortgage Underwriting Manager & Credit Officer

POSITION SUMMARY :

The Mortgage Underwriting Manager and Credit Officer (MUMCO) is responsible for the review and approval of residential mortgage loans and managing a team of mortgage underwriters.

The MUMCO is also a key stakeholder in the development of mortgage loan products and the application of credit policies, guidelines, and procedures to ensure residential mortgage loans are originated and managed in accordance with the Bank's risk tolerance.

ESSENTIAL FUNCTIONS :

Credit Approval (50%)

• Review and approve credit requests submitted by business units.
• Provide independent credit recommendations to higher-level approval authority if applicable.
• Ensure the credit underwriting quality with Bank policies, guidelines, and documentation requirements followed.
• Engage with business units to provide constructive feedback.

Team Management (30%)

• Manage underwriters to ensure adherence to applicable credit policies and guidelines.
• Manage the team workload and coverage to ensure sufficiency.
• Coach underwriters to ensure satisfactory decision making and turn time.
• Negotiate with business units as needed.
• Coordinate with Operation in efficiently completing the loan origination process.

Credit Monitoring & Product Development (20%)

• Monitor portfolio performance and recommend guidelines modification to adapt to market trend while maintaining credit quality.
• Perform periodic credit review and grading process to ensure loans are properly risk graded.
• Assist in product development and study the impact to the Bank's portfolio.

OTHER RESPONSIBILITIES :

• Achieve individual objectives and goals and contribute to the accomplishment of those established by Credit Group.
• Ensure asset origination is of strong quality while supporting the Bank's success in its objective of growth.
• Successfully complete all mandatory training on related Bank and BSA compliance as well as other laws and regulations as assigned in a timely manner.
• Respond to internal / external examination and audit questions.
• Perform other duties as assigned.

Education, Experience and Skills Required :

• Bachelor's degree in Finance, Accounting, Economics, or other business-related fields.
• 15+ years of experience in credit analysis and credit approval of residential mortgage loans including FNMA.
• 7+ years of experience in managing residential mortgage underwriters.
• Knowledgeable in banking regulations and governing laws.
• Able to prioritize and perform duties independently.
• Proficient in communication with all levels of staff including business units and the management.

PHYSICAL DEMANDS :

Minimum mobility to work in an office setting; sit for prolonged period of times; operate office equipment including use of a computer keyboard;

and reach with hands and arms. Employees are occasionally required to walk and stand and lift and move records and documents weighing 30 pounds or less.

COMMUNICATION DEMANDS :

Attention to detail, strong organizational, communication, interpersonal, and analytical skills, self-motivated, ability to interact with all levels of management and staff.

WORK ENVIRONMENT :

Standard office environment. Noise level in work environment is usually average. Hear in the normal audio range with or without correction.

Specific vision abilities required by this job include close vision and the ability to adjust focus.

Compensation

The base pay range for this position is USD $130,000.00 / Yr. - USD $170,000.00 / Yr plus full benefits. Exact offer will be determined based on job-related knowledge, skills, experience, and location.