| Mortgage Underwriting Manager Job Description |
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| The following is a full job description for Mortgage Underwriting Manager. Here are the requirements and responsibilities for Mortgage Underwriting Manager along with statistics. If after reading this page you determine that Mortgage Underwriting Manager is not the position you are looking for, you may want to try one of these similar titles: Life Underwriting Manager, Underwriting Manager, Underwriting Senior Manager, Mortgage Operations Associate Director, Mortgage Underwriter I, Mortgage Underwriter II, Mortgage Underwriter III, Underwriting Assistant, Property Casualty Underwriting Manager |
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| Requirements and Responsibilities For Mortgage Underwriting Manager |
| Manages the mortgage underwriting function that evaluates the risk of loan applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and property appraisal. Calculates LTV ratio (loan to value) to define the loan program eligibility, down payment, interest rate, repayment terms, and allowed loan amounts. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. Complies with all federal regulations, state laws, and internal bank policies related to mortgage lending. Responds to escalations of non-conforming loans that require approval review using an exception process. Requires a bachelor's degree. Typically reports to a head of a unit/department. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. |
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| Also referred to as: Underwriting Manager - Mortgage Loans |
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| Similar Jobs: Life Underwriting Manager, Underwriting Manager, Underwriting Senior Manager, Mortgage Operations Associate Director, Mortgage Underwriter I, Mortgage Underwriter II, Mortgage Underwriter III, Underwriting Assistant, Property Casualty Underwriting Manager |
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| Level of Education: Mortgage Underwriting Manager Salaries with a Bachelor's Degree, Mortgage Underwriting Manager Salaries with a Master's Degree or MBA, Mortgage Underwriting Manager Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Business Services, Financial Services, Insurance | |
