Pennymac is hiring an Underwriter Manager to oversee and support the underwriting function in alignment with department policies and standards. You will manage and lead a team of approximately 5-10 underwriters in a remote work environment.
What You'll Do
- Ensure underwriting quality meets company and investor standards.
- Carry out personnel management including hiring, counseling, and training.
- Continuously evaluate processes to apply 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 aligned with the organization’s desired culture and values.
What We're Looking For
- 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 partnerships, corporations, S-corporations, and the treatment of capital gains and trust income.
- Must be highly proficient in Excel and Word.
Technical Stack
- Excel
- Word
Team & Environment
You will manage an underwriting team of 5-10 underwriters.
Benefits & Compensation
- Compensation range: $68,000 - $115,000.
- Comprehensive Medical, Dental, and Vision plans.
- 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, 401k match, and tuition reimbursement.
- Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships.
Work Mode
This is a remote position.
Pennymac is committed to fostering an equitable and inclusive environment where all employees feel valued, respected, and supported.
