Mortgage Underwriting Team Lead

4 weeks ago


Minneapolis, Minnesota, United States Invictus Capital Partners Verus Mortgage Capital Full time
Job Summary:

We are seeking a highly skilled and experienced Team Lead/Underwriter to join our team at Invictus Capital Partners / Verus Mortgage Capital. The ideal candidate will have a strong background in mortgage underwriting, excellent leadership skills, and the ability to maintain the highest standards of quality and accuracy.

Key Responsibilities:

• Evaluate complex submissions and ensure compliance with company policies, industry regulations, and established guidelines.
• Provide guidance, support, and mentorship to a team of underwriters, fostering a collaborative and growth-oriented environment that encourages team members to excel in their roles.
• Analyze financial documents, credit reports, and other relevant information to assess risk and make informed decisions.
• Collaborate with team members to resolve complex cases and to explain approved or denied exceptions.
• Stay updated on industry trends and regulations to ensure the team's knowledge is up to date.

Requirements:

• High School Diploma or equivalent
• 2-3 years Supervisory or Team Management experience
• Minimum of 8 years current mortgage underwriting experience with experience manually underwriting income based on bank statements, Tax Returns, P&L statements.
• Strong property appraisal underwriting knowledge.
• In-depth knowledge of mortgage underwriting, non-Agency mortgage product guidelines, and the mortgage production process.
• Working knowledge of Microsoft Office suite with a high degree of comfort in Excel and the review of spreadsheet data.
• Experience working with 3rd party providers (i.e., Data Verify or other fraud tools, property evaluation tools, etc.).
• Strong oral and written communication skills.
• Ability to work both independently and collaboratively within a small team and/or remote environment.

What We Offer:

• Great compensation package
• Attractive benefits plans and paid time off
• 401(k) w/ company matching
• Professional learning and development opportunities
• And much more

Invictus Capital Partners / Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person's race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person's disability or medical condition.
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