Residential Underwriting Manager Position Available In Pinellas, Florida
Tallo's Job Summary: The Residential Underwriting Manager at COGENT BANK in Saint Petersburg, FL oversees loan underwriting processes to ensure compliance with guidelines. Responsibilities include policy development, team supervision, and managing underwriting pipeline. The role reports to the Director of Residential Lending Operations and requires a bachelor's degree, 10 years of underwriting experience, and leadership skills. Salary ranges from $110K to $149K annually.
Job Description
Residential Underwriting Manager
COGENT BANK – 4.0
Saint Petersburg, FL Job Details Estimated:
$110K – $149K a year 14 hours ago Qualifications Management Underwriting Fair Housing regulations Load balancing Anti-money laundering Bachelor’s degree FNMA Senior level Business Bank Secrecy Act Leadership Communication skills 10 years
Full Job Description Description:
Job Summary The Residential Underwriting Manager is accountable for ensuring all Residential loan underwriting is in accordance with established guidelines, policies and procedures of Cogent, government agencies, GSEs, investors and mortgage insurers and completed within established Service Level Agreements (SLAs). The Residential Underwriting Manager will be responsible for supervision of all Residential Underwriting staff. This role may require the Manager to underwrite files as determined by current production and staffing levels. The Residential Underwriting Manager reports directly to the Director of Residential Lending Operations.
Requirements:
Responsibilities and Duties Development and maintenance of Residential Lending Underwriting policies, procedures, job aids, overlays and condition sets. Development and supervision of Residential Underwriting team including hiring, training and performance management. Proactive management of Residential Underwriting pipeline to ensure compliance with established SLAs including initial assignment, load balancing, conditions received, etc. Management of all escalation & exception related underwriting requests. Provide technical and guideline interpretation to underwriters and production staff Stays abreast of changes within industry and how they affect guidelines, underwriting workflow, and loan origination system requirements. Review and preparation of responses to QC and Investor Suspense conditions and identification of opportunities for improvement and training based on conditions. Collaboration with other departments and staff within Residential Lending and the bank, providing counsel on a variety of underwriting related items. Work with senior management to establish department goals and objectives. Ensures BSA compliance by reading and being familiar with the BSA/AML program/policy; following all
BSA/AML/OFAC
policies and procedures; and completing all
BSA/AML/OFAC
related online courses. All other tasks, responsibilities, or duties, as directed by management.
Qualifications and Skills Required:
Bachelor’s degree in business, management or other appropriate field or comparable experience. 10 years mortgage underwriting experience with at least 5 years in a management capacity. Expert level knowledge of underwriting guidelines for Fannie Mae, Freddie Mac, FHA, VA & USDA. Strong leadership and interpersonal skills. Ability to understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints. Ability to make decisions that have significant impact on the department’s credibility, operations, and services. Excellent organizational, oral and written communication skills.
Preferred:
Proficiency with Encompass
LOS FHA DE
designation
VA SAR/LAPP
designation
