Mortgage Underwriting Manager
PylonFull Time
Expert & Leadership (9+ years)
The qualified candidate must have a minimum of 3-5 years of mortgage underwriting and quality control experience in origination or due diligence, with an emphasis on non-agency underwriting and QC desired. Experience in second-level reviews and escalations is necessary. A strong understanding of condition clearing processes, basic knowledge of credit rating agency requirements, and familiarity with USPAP standards, supplemental valuation products, and reconciliation are required. The role also demands the ability to produce underwriting reports, analyze results, identify issues, and take corrective actions, along with experience in reading and analyzing loan servicer pay histories and servicing documentation. Developing leadership skills, effectiveness as a team player, the ability to prioritize job duties, professionalism, positivity, excellent oral and written communication skills, strong interpersonal skills, problem-solving and decision-making abilities, the capacity to produce quality work, strategic thinking, strong analytical and organizational skills, excellent attention to detail, and the ability to multi-task and meet deadlines are also essential.
The Diligence Quality Control II will be responsible for the quality control examination of loan reviews completed by Loan Review Analysts and provide real-time feedback on errors and corrective actions. They will ensure regulatory compliance for reviewed loans, escalate error trends to management, and develop a deep understanding of specific client guidelines. The role involves handling escalated and countered client conditions with minimal guidance, assisting with loan review system testing and enhancement, and developing subject matter expertise to become a go-to resource for specialist loan review QC topics. Additionally, the position requires assisting with problem-solving, issue resolution, and providing guidance on daily matters, including underwriting guidelines and compliance questions related to TRID, Reg X, TILA, and others. Maintaining a high level of confidentiality, adhering to internal controls, and responding to customer needs in a timely, accurate, and professional manner are also key responsibilities.
Flexible home equity lending solutions
Selina Finance offers flexible lending solutions for homeowners in the UK, focusing on home equity lending. Their main products include a Home Equity Line of Credit (HELOC), which allows borrowers to access funds against their property equity and only pay interest on the amount used, and a Homeowner Loan, which provides a fixed sum upfront. Unlike other lenders, Selina Finance's HELOC offers unique flexibility in borrowing amounts over the first five years. The company's goal is to help homeowners finance large purchases by leveraging the equity in their homes at competitive interest rates.