What are the responsibilities and job description for the VP & Residential Underwriting Manager - Mortgage Underwriting position at WesBanco?
This position is 100% remote within the Bank's footprint. Employee will work full time remote outside of a WesBanco location (may occasionally attend in person meetings, although primary functions of the role are performed remotely)
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Summary
Responsible for managing and monitoring daily workflow of assigned residential loan files. The Underwriting Manager is to make sound decisions within the risk parameters, investor guidelines and WesBanco Credit Policy. Work closely with EVP and SR. Retail Credit officer reviewing the Underwriting team’s loan productivity, quality loan review, loan product exceptions and other management functions.
Certificates, Licenses, Registrations
FHA Delegated Underwriter
VA Automatic Underwriter
VA Staff Appraisal Reviewer
Able to obtain approval from Secondary Market Investors as Delegated Underwriter.
Supervisory Responsibilities
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
Essential Duties And Responsibilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Manages and monitors daily workflow of assigned files to meet written Service Level Agreements.
Maintains a high level of expertise pertaining to agency and company guidelines along with internal underwriting processes and procedures and functions as the Subject Matter Expert.
Establishes and maintains underwriting policies, procedures, and guidelines.
Makes sound underwriting decisions on loans escalated for management review.
Works closely with Mortgage Loan Originators (MLO), processors and the Senior Management team.
Responsible for daily management functions to include managing the quality, compliance and performance of the underwriting staff.
Assists underwriters, processors and MLO’s with complex questions.
Reviews and must have ability to comprehend complex personal and business tax returns.
Provides responses to internal and external audits, identifies and implements solutions.
Handles all time reporting functions for the Underwriting team.
Maintains excellent knowledge of secondary market guidelines, regulatory updates and appraisal standards.
Responsible for the review of appraisers to be added or removed from the WesBanco approved appraiser list.
Other Requirements
Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.
Willingness to provide a level of service, which will clearly differentiate us from our competitors.
Ability to provide excellent service to internal departments.
Ability to interact with outside customers when needed.
Able to multi-task and effectively function under stressful conditions.
Ability to work in team environment as well as independently.
Ability to perform detailed work.
Ability to maintain confidentiality.
Ability to handle workload pressure and deadlines.
Proficient in Microsoft Office Skills - Word, Excel, Outlook.
Ten Years Of AUS (Automated Underwriting Systems) Experience Required.
Experience with Encompass or similar LOS (Loan Origination System) is preferred.
Additional Information
The wage range for the Residential Lending Underwriting Manager position is between $140,000 - $150,000 annually. The position includes 27 Days of PTO (Paid Time Off), 5 days of STD (Short Term Disability), 11 annual paid holidays, and 1 floating holiday.
WesBanco has an excellent benefits package to include medical, dental, and vision, Health Care Flexible Spending, Dependent Care Flexible Spending, Transportation Fringe Benefit Plan, Group Life, Long Term Disability, Optional Life, access to voluntary benefit products such as Cancer, Term & Universal Life, Accident, Short-Term Disability and Critical Illness policies, and other ancillary benefit products. WesBanco also offers 401(k) with employee match.
,
Bachelor's degree (B. A.) from four-year college or university preferred and/or a minimum of 10 years related Residential underwriting experience or equivalent combination of both.
Previous Management Experience Required.
FHA DE, VA SAR/LAPP designations preferred
Current knowledge of RESPA regulations
Strong knowledge in FNMA/FHLMC, FHA, VA, USDA programs and Appraisal regulations and requirements required.
Consumer lending experience and process improvement background is a plus.
,
Summary
Responsible for managing and monitoring daily workflow of assigned residential loan files. The Underwriting Manager is to make sound decisions within the risk parameters, investor guidelines and WesBanco Credit Policy. Work closely with EVP and SR. Retail Credit officer reviewing the Underwriting team’s loan productivity, quality loan review, loan product exceptions and other management functions.
Certificates, Licenses, Registrations
FHA Delegated Underwriter
VA Automatic Underwriter
VA Staff Appraisal Reviewer
Able to obtain approval from Secondary Market Investors as Delegated Underwriter.
Supervisory Responsibilities
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
Essential Duties And Responsibilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Manages and monitors daily workflow of assigned files to meet written Service Level Agreements.
Maintains a high level of expertise pertaining to agency and company guidelines along with internal underwriting processes and procedures and functions as the Subject Matter Expert.
Establishes and maintains underwriting policies, procedures, and guidelines.
Makes sound underwriting decisions on loans escalated for management review.
Works closely with Mortgage Loan Originators (MLO), processors and the Senior Management team.
Responsible for daily management functions to include managing the quality, compliance and performance of the underwriting staff.
Assists underwriters, processors and MLO’s with complex questions.
Reviews and must have ability to comprehend complex personal and business tax returns.
Provides responses to internal and external audits, identifies and implements solutions.
Handles all time reporting functions for the Underwriting team.
Maintains excellent knowledge of secondary market guidelines, regulatory updates and appraisal standards.
Responsible for the review of appraisers to be added or removed from the WesBanco approved appraiser list.
Other Requirements
Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.
Willingness to provide a level of service, which will clearly differentiate us from our competitors.
Ability to provide excellent service to internal departments.
Ability to interact with outside customers when needed.
Able to multi-task and effectively function under stressful conditions.
Ability to work in team environment as well as independently.
Ability to perform detailed work.
Ability to maintain confidentiality.
Ability to handle workload pressure and deadlines.
Proficient in Microsoft Office Skills - Word, Excel, Outlook.
Ten Years Of AUS (Automated Underwriting Systems) Experience Required.
Experience with Encompass or similar LOS (Loan Origination System) is preferred.
Additional Information
The wage range for the Residential Lending Underwriting Manager position is between $140,000 - $150,000 annually. The position includes 27 Days of PTO (Paid Time Off), 5 days of STD (Short Term Disability), 11 annual paid holidays, and 1 floating holiday.
WesBanco has an excellent benefits package to include medical, dental, and vision, Health Care Flexible Spending, Dependent Care Flexible Spending, Transportation Fringe Benefit Plan, Group Life, Long Term Disability, Optional Life, access to voluntary benefit products such as Cancer, Term & Universal Life, Accident, Short-Term Disability and Critical Illness policies, and other ancillary benefit products. WesBanco also offers 401(k) with employee match.
,
Bachelor's degree (B. A.) from four-year college or university preferred and/or a minimum of 10 years related Residential underwriting experience or equivalent combination of both.
Previous Management Experience Required.
FHA DE, VA SAR/LAPP designations preferred
Current knowledge of RESPA regulations
Strong knowledge in FNMA/FHLMC, FHA, VA, USDA programs and Appraisal regulations and requirements required.
Consumer lending experience and process improvement background is a plus.
Salary : $140,000 - $150,000