Director, Corporate Underwriting (remote)

Post Date

Sep 26, 2024

Location

San Diego,
California

ZIP/Postal Code

92111
US
Jan 05, 2025 Insight Global

Job Type

Perm

Category

Financial Services

Req #

SDG-737166

Pay Rate

$126k - $170k (estimate)

Job Description

A top national employer in the mortgage industry is looking for a Director, Corporate Underwriting to join their team. This corporate-level position will oversee a team that manages a high volume of loans while ensuring compliance with company, investor, and government agency standards. The Director will serve as a crucial resource for underwriters handling escalated decisions and will focus on improving policies and mentorship within the underwriting team to foster a supportive and efficient work environment.

Some responsibilities of the Director, Corporate Underwriting will include but are not limited to:
Develop and monitor operational performance metrics to maximize productivity, efficiency, and compliance levels.
Provide guidance and oversight to retail and correspondent underwriters nationwide.
Focus on continual compliance and improvement of policies, procedures, and processes.
Approve loan exceptions that fall outside agency/investor guidelines.
Conduct research on regulations and feasibility of underwriting guidelines.
Manage and mentor a team of 5 direct reports and 1 dotted-line employee.
Act as a resource for regional operations and underwriting managers in solving complex situations.

LOCATION/TRAVEL:
- Fully remote (Cannot sit in EST Time Zone)

SCHEDULE:
- Monday - Friday

TRAINING:
- Expect several weeks to months of comprehensive training and onboarding.

IMPORTANT TO NOTE:
- This position requires a high level of experience in underwriting, with specific emphasis on managing loan exceptions and training underwriters.

TOTAL COMPENSATION EXPECTATIONS:
**Compensation is location and experience dependent**
- Base Salary: $126k $170k
- Eligible to receive up to 10% of base salary as an annual bonus (paid out quarterly).

COMPANY/POSITION HIGHLIGHTS:
- The organization manages an annual loan volume of approximately $17 billion, providing a dynamic environment with numerous challenges and opportunities for professional growth.

This is an extremely stable and large mortgage organization! Recently, they originated $6.5 billion in new home loans, up 69% from the previous quarter. Thats compared to only a 14% increase for the industry, based on MBA estimates. This shows that their relentless focus on providing a better customer-for-life experience, more programs, tools, and technology for their loan officers, and a culture that welcomes new teams to their platform is working and increasing their market share. Additionally, their servicing portfolio grew in the quarter to more than $89 billion, and they generated net income of $37.6 million. All this growth means they have an even greater responsibility to continue delivering on their promises in the months and years ahead. YOU DON'T WANT TO MISS THIS OPPORTUNTIY!

We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment regardless of their race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please send a request to HR@insightglobal.com.

To learn more about how we collect, keep, and process your private information, please review Insight Global's Workforce Privacy Policy: https://insightglobal.com/workforce-privacy-policy/ .

Required Skills & Experience

- Bachelors degree in Finance, Business, or related field required, Masters degree preferred.
- Minimum of 7 years total experience in underwriting, with at least 5 years in a supervisory/management capacity.
- Expert-level knowledge of FHA, VA, USDA, Fannie Mae, Freddie Mac, jumbo, and other loan products.
- Strong interpersonal skills and the ability to influence senior-level executives.

Nice to Have Skills & Experience

- Experience in roles beyond underwriting, such as processing or origination.
- 10+ years of underwriting experience preferred.

Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.