Conventional Underwriting Manager
Flagstar Bank FSB

Job Info

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Job Summary

Job Responsibilities:

Flagstar Bank is seeking a dynamic individual to join our team as a Regional Conventional Underwriting Manager. This individual coordinates and directs the daily operations of a team of underwriters for Wholesale (correspondents and brokers) for a specific region as well as providing support to the Retail team as well. Responsibilities including managing pipeline workflow within the region, ensuring daily production and services levels, providing guidance and adherence to all investor, regulatory and compliance polices and procedures. The regional manager is also responsible for the credit quality of their staff's underwriting and will be expected to provide second level underwriting review as may be deemed necessary. The regional manager will also be involved in meeting and communications with the sales leaders in their respective regions as well as participation in client/customer lender interactions.

• Participates in high level projects and assigns SME's from their team to participate in projects as may be necessary.
• Sets underwriter goals and establishes performance criteria. Responsible for managing underwriter scorecards.
• Assists with the roll out and training of new products, policies, and procedures.
• Coaches, counsels, and evaluates the performance of existing employees.
• Ensures administrative and operational compliance with regulatory requirements, policies, and procedures related to underwriting.
• Helps mentor and develop underwriters and underwriting assistants in the credit area.
• Interviews, hires, and coordinates training of new employees.
• Provides technical underwriting advices, when necessary.
• Provides leadership, guidance, and support to a team of assistant underwriting managers, underwriters, and underwriting assistants.
• Responds to customer inquiries relative to loan level questions, appeals, and declinations.
• Understand and makes decisions based on Flagstar, FHA, and VA guidelines.
• Works with sales management and account executives.
• Works with the appraisal review and fraud groups on loan issues that require escalation and management involvement and decisions.
• Additional responsibilities as assigned by management.
• Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.

Job Requirements:

• High School Diploma, GED, or foreign equivalent required.
• Bachelor's Degree or comparable work experience required.
• Minimum of 7 years prior underwriting experience
• Minimum of 5 years of management experience with staffing (minimum) of 15+ underwriters.
• Knowledge of Fannie and Freddie's automated underwriting systems required.
• Strong knowledge of FNMA and FHLMC guidelines and CFPB regulations required.
• Knowledge and expertise of conventional, government, and jumbo product underwriting guidelines.
• Ability to analyze and determine the credibility of residential appraisal.
• Excellent verbal and written communications skills and ability to prepare senior management presentations.
• Ability to work autonomously and handle multiple projects simultaneously.
• Strong analytical, time management and organizational skills with close attentional to detail.
• Strong interpersonal, problem resolution and team building skills required.
• Ability to work under minimal supervision.
• Completely utilize computer software - MS Word, MS Excel and email are an integral part of day to day activity.
• Ability to work regularly scheduled hours, 8:30 - 5:00 Monday - Friday, some weekend or evening hours and travel may be required upon business need.

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