Position- Retail Underwriting Supervisor
Job Id (Use when Referring to Position): 219
Job Type: FTP
Location: Murray UT
Experience: 3 - 10
Job Description:
Your Underwriting Supervisory Experience is Needed!
We are seeking a talented individual to join our team. We have been in business for more than 26 years and have enjoyed tremendous success in both retail and wholesale lending and are expecting to close about 2 Billion dollars in loans this year. We have built an excellent reputation for ourselves and have been awarded the prestigious title of "Best Mortgage Company in Utah" for multiple years. If you would enjoy working for a successful employee and customer focused company like ours and can fulfill the job responsibilities and requirements listed below, we want to talk to you!
This job is responsible for managing all aspects of underwriting to enable the business to make sound credit decisions, improve service and efficiency, maintain relations with sales and operations partners, while managing credit quality. The incumbent provides leadership, guidance, and support to a staff of Underwriters, and will be responsible for underwriting files as needed while ensuring administrative and operational compliance with regulatory requirements and policies and procedures related to underwriting.
This person will also develop the skills of subordinates through a combination of goal-setting, delegation, training, counseling, and performance management, recommends and approves staffing levels and personnel actions such as hiring, firing, promotions, transfers, salary actions, and staff training, establishes and approves performance goals, conducts performance appraisal reviews, documents performance, and recommends, executes and approves disciplinary action.
This position will require regular interaction with Branch Managers, Loan Officers, Processors and other staff. This person will be responsible for assessing work flow and quality and will be a key contributor developing process/procedures for improvement in these areas nod developing programs to related to underwriting, loan scenarios, quality, efficiencies
Requirements:
· 5 years of progressively responsible sub prime mortgage underwriting experience.
· 2 years in a lead or supervisory capacity.
· Demonstrates effective leadership techniques.
· Demonstrated ability to apply local, state, and federal regulations relating to loan operation activities.
Excellent analytical and decision making skills Strong verbal and written communication skills A flexible and customer service oriented underwriting mentality where every option is exhausted to make a loan work. Strong negotiation skills Thorough knowledge of MI policies Thorough knowledge of complex personal and business financial analysis and an expertise in tax return and balance sheet analysis, including both cash flow and AGI methods Knowledge and proficiency in all levels of mortgage underwriting including Government, Agency and Jumbo lending. (Super Jumbo a plus)
Degree Required:
Desired Skills:
Additional Information:
Comments:
Larene Ring
AMR, Inc.
818-224-7988 Direct
Toll Free 888-290-7228 x101
Thursday, May 28, 2009
Wednesday, May 27, 2009
Obama signs anti-foreclosure measure
Obama signs anti-foreclosure measure
Law encourages banks to give another chance to struggling homeowners.
THE ASSOCIATED PRESS 05/21/2009
President Barack Obama said homeowners facing foreclosure would have a second chance under a measure he signed into law on Wednesday, but he added that consumers still must live within their means.
The law encourages banks to spare homeowners from foreclosure and cracks down on lenders who take advantage of them. The bill passed Congress earlier this week, and Obama skipped a promised five-day waiting period to make it law.
“There are Americans desperate to find a job or unable to make ends meet, despite work in multiple jobs, Americans who pay their bills on time but can’t keep their heads above water,” Obama said in the White House’s East Room.
“Americans living in fear that they’re one illness or one accident away from losing their home, hardworking Americans who did all the right things, met all of their responsibilities, yet still find the American dream slipping out of reach.”
The law – officially called the Helping Families Save Their Homes Act – expands an existing $300 billion program that encourages lenders to adjust a mortgage if the homeowner agrees to pay an insurance premium. The program, scheduled to expire in 2011, would swap out a homeowner’s high interest rate for a 30-year fixed loan backed by the Federal Housing Administration.
Because of strict eligibility requirements, only about 50 homeowners are refinancing through the program, compared with the 400,000 people it was estimated to help.
“Too many administrative and technical hurdles made it very difficult to navigate, and most borrowers didn’t even bother to try,” Obama said. “And this bill removes those hurdles, getting folks into sustainable and affordable mortgages and, more importantly, keeping them in their homes.”
The lending industry helped scuttle a tougher measure that would have forced lenders to reduce the monthly payments of owners in bankruptcy.
Obama also blamed greed among lenders and irresponsibility among borrowers for part of the financial crisis that has led to 1.3 million jobs lost since February.
The bill also extends through 2013 an increase in deposit insurance by the FDIC from $100,000 to $250,000.
Law encourages banks to give another chance to struggling homeowners.
THE ASSOCIATED PRESS 05/21/2009
President Barack Obama said homeowners facing foreclosure would have a second chance under a measure he signed into law on Wednesday, but he added that consumers still must live within their means.
The law encourages banks to spare homeowners from foreclosure and cracks down on lenders who take advantage of them. The bill passed Congress earlier this week, and Obama skipped a promised five-day waiting period to make it law.
“There are Americans desperate to find a job or unable to make ends meet, despite work in multiple jobs, Americans who pay their bills on time but can’t keep their heads above water,” Obama said in the White House’s East Room.
“Americans living in fear that they’re one illness or one accident away from losing their home, hardworking Americans who did all the right things, met all of their responsibilities, yet still find the American dream slipping out of reach.”
The law – officially called the Helping Families Save Their Homes Act – expands an existing $300 billion program that encourages lenders to adjust a mortgage if the homeowner agrees to pay an insurance premium. The program, scheduled to expire in 2011, would swap out a homeowner’s high interest rate for a 30-year fixed loan backed by the Federal Housing Administration.
Because of strict eligibility requirements, only about 50 homeowners are refinancing through the program, compared with the 400,000 people it was estimated to help.
“Too many administrative and technical hurdles made it very difficult to navigate, and most borrowers didn’t even bother to try,” Obama said. “And this bill removes those hurdles, getting folks into sustainable and affordable mortgages and, more importantly, keeping them in their homes.”
The lending industry helped scuttle a tougher measure that would have forced lenders to reduce the monthly payments of owners in bankruptcy.
Obama also blamed greed among lenders and irresponsibility among borrowers for part of the financial crisis that has led to 1.3 million jobs lost since February.
The bill also extends through 2013 an increase in deposit insurance by the FDIC from $100,000 to $250,000.
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