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Underwriting Manager

Network Capital Funding Corporation

Underwriting Manager

Irvine, CA
Full Time
Paid
  • Responsibilities

    Job Description

    CALL OR TEXT OUR RECRUITER, NATALIE NOW! (714) 322-9611

    Want to join a fast-growing company that is also recognized as Best Workplace in the Mortgage Industry with career growth potential? Network Capital has experienced explosive growth since its inception in 2002 as a leading Real Estate Finance company with offices in Los Angeles, Irvine, Miami and New York. Bring your talent and join our fun, high energy, fast paced environment.

    CHECK OUT OUR VIDEO HERE: HTTP://YOUTU.BE/IVKRQYBGGLA

    • INC Magazine rare Honor Roll award for Fastest Growing Companies, 6 years
    • Fortune Magazine Best Workplaces in Financial Services & Insurance - 2020
    • Mortgage Executive Magazine award for Top 100 Mortgage Companies, 2 years
    • Endorsed by Largest Mortgage Radio Show in the Nation with over 4 million weekly listeners

    JOB RESPONSIBILITIES:

    • Manage underwriting production and turnaround times
    • Review loans recommended for denial and escalated underwriting decisions
    • Maintain integrity and efficiency of underwriting team by enforcing department standards & procedures
    • Review and recommend improvements to department practices as needed
    • Provide new hire and ongoing training for underwriting team
    • Track performance of underwriting team and report findings to management
    • Handle work overflow as needed
    • Underwrite conforming (Fannie/Freddie) applications using Desktop Underwriter and Loan Product Advisor
    • Review submitted loan approval conditions and disposition as appropriate
    • Review, validate, and update loan file data including transaction details, credit, liability, income, asset and property information
    • Provide communications to internal partners including processors, underwriters, loan officers, funders, shippers, and production managers regarding file structuring, counteroffers, and/or documents needed to move files forward in the most expeditious manner possible
    • Stays current on all Fannie Mae & Freddie Mac selling guide updates, lender letters, bulletins, and announcements
    • Resolve loose-ends identified by Post-Closing/Loan Delivery team as needed
    • Perform other duties as assigned

    EXPERIENCE & QUALIFICATIONS:

    • Minimum 5 years of underwriting management experience
    • Minimum 8 years of recent mortgage underwriting experience
    • Able to maintain positive attitude and be productive under pressure and tight deadlines
    • Well versed in searching and correctly interpreting Fannie Mae and Freddie Mac requirements set forth in their respective Selling Guides
    • Strong sense of urgency, flexible and adaptable
    • Detail oriented and analytical while maintaining a big-picture, results oriented mentality
    • Must have expertise in Agency and FHA products and various national lending regulations
    • Ability to emphasize risk analysis
    • Current knowledge of all federal and state regulations
    • Able to work weekends

    BENEFITS:

    • Excellent compensation
    • 100% retail originations (no loan brokers to deal with!)
    • Medical, Dental, Vision, Life Insurance and 401K

    Job Type: Full-time

    Network Capital is proud to be an Equal Employment Opportunity employer. It is our intent to maintain a work environment which is free of harassment, discrimination and retaliation due to age, race religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender, gender identity, gender expression, sexual orientation, military or veteran status, or any other status protected by federal, state or local laws. Should you require assistance or an accommodation due to a disability, you may contact us at (949) 408-2814