Underwriting Team Lead

The Underwriting Team Lead is responsible for analysing the risk and compliance of residential mortgage loan applications within the scope of agency, private investor, and company guidelines. The Underwriting Team Lead is also responsible for minimizing the risk exposure of the organization by certifying applications are underwritten to the applicable parameters. This positions also oversees the training, coaching and assisting of Underwriters with their assigned duties and assisting the Underwriting Supervisor and Managing Director of Operations with projects as needed.

First level point of contact for all credit escalations from sales, customers and other operational departments.

Assist underwriters and sales staff with questions as they relate to credit guidelines and credit related policies and procedures

Assist underwriters with review of transactions with red flags as they relate to credit eligibility by performing an additional review and/or additional research

Responsible to participate in management of designated email boxes for

the division which require management review (i.e. transferred appraisals, Data Verify clearance on certain items, referrals for declination from Account Management department)

Responsible to intermediate with QC findings for transactions selected for QC review including: Communicating findings to the responsible underwriter Review of corrected items Follow up with QC as it relates to resolution or disputes

Communicating findings to the responsible underwriter

Review of corrected items

Follow up with QC as it relates to resolution or disputes

Perform required second level review of files for transactions which require additional review per company policy

Perform required second level review of files for either new hires and/or underwriters trained on new product

Provide support to Closing/Funding departments as it relates to time sensitive issues which could impact a closing and/or funding

Provide support to Closing/Funding with review of funding conditions when business needs require (i.e at month end)

Holds others accountable to established performance levels to achieve individual and group goals and maintain consistent practices

Participate in the training of new hires and the ongoing mentoring of existing staff at the direction of the Underwriting Supervisor and Managing Director of Operations

Make recommendations for process changes to the Underwriting Supervisor and Managing Director of Operations

Collaborate with Underwriting Supervisor and Managing Director of Operations on associate performance

Provide feedback on departmental training needs to Underwriting Supervisor and Managing Director of Operations

Perform random audits of transactions to ensure standards for completeness and accuracy are met at the direction of the Managing Director of Operations

Assist with the implementation and execution of strategic goals and objectives for the department that are aligned to corporate objectives and mission

Participate in projects at the direction of the Managing Director of Operations or Underwriting Supervisor

Perform other related duties as assigned by Underwriting Supervisor or Managing Director of Operations

Note: Management reserves the right to change or reassign job duties or combine positions at any time.