Careers

Underwriting Team Lead

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Plaza Home Mortgage, Inc., a national wholesale and correspondent mortgage company headquartered in San Diego, California, has a full-time opportunity for a Remote Underwriting Team Lead!
 
Founded in 2000, Plaza Home Mortgage, Inc. is a privately owned, full-service national lender, offering Wholesale, Correspondent, Renovation and Reverse residential mortgages. Headquartered in San Diego, California, Plaza maintains a network of Operations Centers and employs mortgage associates nationwide. Plaza is dedicated to building quality, long-term relationships with its mortgage broker and correspondent clients by offering comprehensive programs and exceptional customer experience.
 
PRIMARY PURPOSE OF JOB AND CONTRIBUTION TO ORGANIZATION:
This position is responsible for supervising the daily activity of a group of Underwriters as well as providing them with leadership and support. 
           
ESSENTIAL TASKS AND RESPONSIBILITIES: 
Must comply with all BSA/AML requirements as well as any mandatory changes. The following job functions are not all-inclusive. The associate will be required to perform other job-related tasks/responsibilities requested by the manager.  Job duties may change as required by needs of company.  Must complete all required industry and compliance training as required by Plaza Home Mortgage.
1.  Manage a team of underwriters within the Underwriting department of the regional operations center.
2.  Work directly with Underwriters by providing training and daily support.
3.  Assist with recruiting, interviewing, and hiring of Underwriters.
4.  Motivate and coach underwriting team in achieving branch goals.
5.  Monitor reports for the purpose of identifying positive and negative trends in productivity within the         underwriting department.
6.  Manage pipeline to ensure loans are approved and then cleared-to-close within the expected       turn-times.
7.  Oversee the credit policy and underwriting department and substantiate they are adhering to all Plaza’s   Policy & Procedures and that loans are processed in compliance with all underwriting guidelines.
8.  Engage in verbal and written communication with clients and Sales team.
9.  Effectively communicate to the underwriting department about company changes to policy and    procedures.       
10.  Knowledge of FNMA, and FMLMC documentation and general guidelines/standards.  Additionally, experience with FHA, VA and USDA required.
11.  Ability to act as FHA DE and/or VA Automatic and SAR Underwriter.
12.  May be asked to second sign loan decisions for lower level authority underwriters.
13.  Act as underwriting resource for the branch.
14.  Assist in resolving branch post closing suspense issues.
15.  Evaluate and analyze complex income tax returns to establish qualifying income.
16.  Help with underwriting overflow when required on initial underwrites, reunderwrites, and conditions being submitted for files to be cleared-to-close.
17.  Participate in developing process improvements and efficiencies as an ongoing best practice.
18.  Conduct periodic loan-level audits to ensure compliance with all company quality standards.
19.  Report productivity and departmental errors on monthly basis to Underwriting Manager and/or     Assistant Vice President.
20.  Assess and evaluate underwriter scorecard for efficiency gains; instruct team members when required.
21.  Coach underwriting team regularly on their job performance and complete annual performance   reviews by due date.
22.  Lead, guide, mentor, and train entire underwriting department.
23.  Work with Assistant Vice President on setting monthly goals.
24.  Other duties as assigned.
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