Underwriting Manager

  

Job Location: Ewing, NJ or Pittsburgh, PA preferred (REMOTE considered)                

Desired Start Date: Immediate

Compensation: Commensurate with experience

We’re looking for someone who is an outstanding leader and closing manager, not just “good enough.” This person will lead the Underwriting Department and first and foremost maintain a top performing team that can deliver outstanding results. On the technical side, this person must be able to make tough decisions and be a subject matter expert in handling and resolving complex loan requests and issues. When it comes to questions and problems with underwriting, the buck stops with this person.

Princeton Mortgage grew production from $600M in 2019 to an annualized volume of $1,500M. We plan to grow even more in 2021, and reach 50,000 loans per year by 2028.

We are looking to hire an underwriting manager that is capable of leading a team to run through walls and keep up with the growth. It’s an intense and demanding job, the reward is huge personal and professional growth and the chance to be part of something amazing.

 

We are looking for someone who:

- Thinks independently

- Argues open-mindedly and assertively

- Values the intense pursuit of truth and excellence

- Committed to rapid improvement in them self and the organization

We want the people we work with to be considerate and have a high sense of personal accountability to do the difficult, right things. We look for people with generous natures and high standards of fairness. Most important, they must be able to put their egos aside and assess themselves candidly. They must have high levels of integrity (doing what they say they are going to do) and discipline.

In short, we want to hire people that we want to share our lives within pursuit of our common mission and vision.

As a manager and leader, their job is to be the gardener who creates the conditions within which the team can thrive and deliver amazing results.

Responsibilities

Lead the underwriting team to achieve the following results:

  • Internal Team NPS Score > 90

  • Each team member able to maintain pipeline of 45 loans comfortably

  • Avg. # new underwrites per day = 3

  • New underwrite turn times < 24-hours 90% of the time

  • Condition turn times < 24-hours 90% of the time

  • Post-Closing Errors < 5%

  • Significant QC Findings < 0.25%

Qualifications

Note: Our ideal candidate has mortgage experience as described below, but we’re willing to waive all of our mortgage related qualifications for the right person who has huge amounts of innate ability and a track record of management / leadership success in operations, engineering, logistics, or manufacturing. We hire for culture fit and innate ability first, technical skills second.

  • Minimum 10 years mortgage underwriting experience with active front line underwriting knowledge of Conventional, FHA, VA and USDA loans.

  • Minimum 3 years successful managerial experience of growing a team.

  • Solid knowledge of FNMA, FHLMC, FHA, VA and USDA secondary marketing guidelines.

  • Direct Endorsement with current CHUM number, VA LAPP Certification

About Princeton