Jumbo Mortgage Underwriter
TomoFull Time
Senior (5 to 8 years), Expert & Leadership (9+ years)
The ideal candidate will possess a minimum of 8 years of experience in residential mortgage, with a preference for experience in due diligence services. A detailed understanding of credit, compliance, valuation, and fraud risk related to residential mortgage loans is essential. The role requires analytic creativity, negotiation, and problem-solving skills, along with good knowledge of various loan products including Non QM, Business Purpose Loans, Second Lien, and Equity products, as well as Seasoned Loan compliance reviews. The ability to efficiently and accurately research complex documents and provide concise results, a solid understanding of client profiles and risk appetites, and excellent client relationship management skills are also necessary. In-depth knowledge of transaction components indicating potential fraud is required, along with self-motivation, creativity, and the ability to work both independently and collaboratively within a team.
The Manager - Production Flow is responsible for managing the production and delivery of services, including directly managing the Loan Review Quality Control team and reporting findings to clients and management. Key duties include reviewing client scope, guidelines, and requirements, managing Quality Control analysts and feedback loops, and ensuring production goals, quantity, quality, and SLAs are met. The manager will communicate internally with the VP of Operations, understand and articulate system and operations processes, identify trends and inconsistencies, evaluate inquiry problems, and implement action steps for resolution. Ensuring regulatory and compliance policies are followed, setting team goals, defining performance plans, measuring progress, and providing feedback and coaching are also critical. The role involves engaging with senior management to align the team with organizational objectives, solving complex problems, reporting status, and maintaining a focus on management reporting. Additionally, the manager will track and report results against established metrics, drive improvements in client experience, and foster a culture that encourages timely escalation and resolution of issues.
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.