Manager of Underwriting - Non-Agency (Jumbo and Non-QM)

At JMAC Lending, we've been proudly serving our clients for over 25 years. What sets us apart is our commitment to innovation, exceptional service, and helping our partners grow their business. We go above and beyond the current market options to become the preferred lender for our clients. Our associates are highly qualified and continuously update their knowledge through ongoing education. We pride ourselves on our strong ethical standards and efficient delivery of wholesale and correspondent lending products.

As the Manager of Underwriting, you'll take charge of our Non-Agency products and guide our talented team of Non-conforming and Non-QM Underwriters. Your role will involve crafting underwriting policies, managing risks, and ensuring compliance to uphold our commitment to excellence and efficiency.

This is a Full-Time/Remote Opportunity offering competitive pay ranging from $120,000 - $160,000 annually.

Key Responsibilities:

Team Management

• Lead, mentor, and motivate our Non-Conforming and Non-QM underwriting team, fostering a high-performance culture.
• Ensure team workload is effectively managed and turn times are met.
• Set productivity and quality expectations for underwriters, minimizing the need for overtime.
• Coach underwriters to ensure adherence to program guidelines and regulations.
• Recruit and onboard top-performing underwriters.
• Second sign and underwrite loans when necessary.
• Implement strategies to address performance gaps and improve efficiency.

Product Development and Credit Monitoring

• Identify and pursue new business opportunities to expand our Non-Agency products.
• Address post-closing issues and closely monitor portfolio performance. Recommend guideline modifications to adapt to market trends while maintaining credit quality.
• Provide comprehensive product training to our sales teams and customers.

Process Improvement

• Increase underwriting productivity by managing touches, challenging brokers, and streamlining workflow.
• Evaluate the structure of the underwriting department and plan for continuous improvement in efficiency and effectiveness.

Teamwork & Collaboration

• Collaborate with other departments to enhance existing processes for greater efficiency and control.
• Communicate effectively with the sales team to resolve issues related to efficiency, accuracy, or workflow.
• Provide training and support to internal staff on existing and new products.
• Regularly update on underwriting performance and initiatives.

Perform other duties and projects as assigned by the President or EVP of Operations.

Requirements

• Over 5 years of experience leading teams of residential mortgage underwriters.
• More than 3 years of expertise in credit analysis and approving Non-Agency, Jumbo, and Non-QM products.
• Outstanding written and verbal communication abilities.
• Proven leadership prowess with a knack for nurturing and developing teams.
• Meticulous attention to detail and a steadfast dedication to achieving exceptional outcomes.
• Driven and optimistic, with a self-motivated attitude.
• Able to excel under pressure while managing diverse responsibilities.
• Adaptable and open to new ideas and innovative approaches.
• Enthusiastic about cultivating team growth and advancing career paths.

Benefits

• Comprehensive Health Care Coverage including Medical, Dental, and Vision benefits
• Life Insurance options for both Basic coverage and Voluntary coverage, with Accidental Death & Dismemberment (AD&D)
• Generous Paid Time Off, including Vacation days and Holidays
• Secure Retirement Plan with a 401k option
• Support in case of Short Term or Long Term Disability
• Family Leave to prioritize your loved ones
• Access to Wellness Resources for a healthy work-life balance

JMAC Lending, Inc. is an Equal Employment Employer. We are committed to workforce diversity. Qualified applicants will receive consideration without regards to age, race, religion, sex, sexual orientation, gender identity or national origin.

DISCLAIMER: JMAC Lending is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.