Underwriter Manager
Pennymac, Tampa, FL, United States
Pennymac
Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.
A Typical Day
The Underwriter Manager is responsible for managing and supporting the underwriting function in alignment with department policies, practices and standards. As the Underwriter, you will manage an underwriting staff of approximately 5-10 underwriters.
Ensure underwriting quality meets company and investor standards
Carry out personnel management including hiring, counseling, training
Continuously evaluate processes to ensure 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
Perform other related duties as required and assigned
Demonstrate behaviors which are aligned with the organization’s desired culture and values
What You’ll Bring
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 including, but not limited to, partnerships, corporations, S‑corporations, as well as, treatment of capital gains and trust income
Must be highly proficient in Excel and Word
Benefits
Comprehensive Medical, Dental, and Vision
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, 401(k) match, and tuition reimbursement
Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
To learn more about our benefits visit: https://pennymacnews.page.link/benefits
For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information
Compensation
Lower in range - Building skills and experience in the role
Mid-range - Experience and skills align with proficiency in the role
Higher in range - Experience and skills add value above typical requirements of the role
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary
$68,000 - $115,000
Work Model
OFFICE
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Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.
A Typical Day
The Underwriter Manager is responsible for managing and supporting the underwriting function in alignment with department policies, practices and standards. As the Underwriter, you will manage an underwriting staff of approximately 5-10 underwriters.
Ensure underwriting quality meets company and investor standards
Carry out personnel management including hiring, counseling, training
Continuously evaluate processes to ensure 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
Perform other related duties as required and assigned
Demonstrate behaviors which are aligned with the organization’s desired culture and values
What You’ll Bring
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 including, but not limited to, partnerships, corporations, S‑corporations, as well as, treatment of capital gains and trust income
Must be highly proficient in Excel and Word
Benefits
Comprehensive Medical, Dental, and Vision
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, 401(k) match, and tuition reimbursement
Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
To learn more about our benefits visit: https://pennymacnews.page.link/benefits
For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information
Compensation
Lower in range - Building skills and experience in the role
Mid-range - Experience and skills align with proficiency in the role
Higher in range - Experience and skills add value above typical requirements of the role
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary
$68,000 - $115,000
Work Model
OFFICE
#J-18808-Ljbffr