Underwriting Manager
4 days ago
Pennymac is a leading mortgage lender that has helped over 4 million homeowners achieve their aspirations of homeownership. We are seeking an experienced Underwriter Manager to join our team.
Key Responsibilities:
- Manage and support the underwriting function to ensure quality meets company and investor standards.
- Carry out personnel management, including hiring, counseling, and training.
- Continuously evaluate processes to ensure the application of best practices and maximize staff utilization.
- Provide support to production staff regarding underwriting and credit policy matters.
- Complete second reviews of loan files and resolve exception cases.
- Demonstrate behaviors aligned with the organization's desired culture and values.
Requirements:
- Bachelor's degree or equivalent work experience.
- 5+ years of relevant work experience.
- Current and extensive knowledge of FNMA/FHLMC, FHA, and VA program guidelines.
- Experience analyzing financial statements for high net worth borrowers.
- A thorough understanding of cash flow methodology for complex tax returns.
- High proficiency in Excel and Word.
Why Join Pennymac?
Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth. We foster an equitable and inclusive environment where all employees and customers feel valued, respected, and supported.
Benefits:
- Comprehensive medical, dental, and vision benefits.
- Paid time off programs, including vacation, holidays, illness, and parental leave.
- Wellness programs, employee recognition programs, and onsite gyms and cafe-style dining (select locations).
- Retirement benefits, life insurance, 401k match, and tuition reimbursement.
- Philanthropy programs, including matching gifts, volunteer grants, charitable grants, and corporate sponsorships.
Compensation:
Individual salary may vary based on multiple factors, including specific role, geographic location, and skills and experience.
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