Life Underwriting Manager jobs in Arvada, CO

Overview

BREAK GROUND ON A REWARDING CAREER WITH US!

At MDC Holdings, Inc./Richmond American Homes, we encourage a company culture that promotes professionalism, teamwork, health & wellness and work-life balance. If you are a results-driven professional with a passion for success, consider building a career with us. We’re proud to be one of the most established builders in the industry, with 45 years of experience and 240,000 homes to our credit.

Position Summary

Manage the underwriters and assist them in making decisions on underwriting government and conventional loans, ensuring compliance with specific company, secondary market investor, and insurer standards.  Keep abreast of new agency and investor guidelines. Ensure compliance with all applicable state, local and federal rules, regulations and laws that pertain to the underwriting function.

Responsibilities

Manage the underwriters and assist them in making decisions on underwriting government and conventional loans, ensuring compliance with specific company, secondary market investor, and insurer standards.  Keep abreast of new agency and investor guidelines. Ensure compliance with all applicable state, local and federal rules, regulations and laws that pertain to the underwriting function. Problem-solve to answer questions and offer alternatives relative to the guides and procedures needed to qualify potential borrowers.  May need to communicate with entities that we sell our product to or review their written policy and procedures. Clarify and ensure the proper interpretation of information to branches, underwriters and others within the organization to assure compliance. Plan, coordinate and direct the underwriting activities of the department to ensure accurate and timely workflow. Responsible for training of underwriting staff and staff that utilizes underwriting services. Make independent judgment of a person’s credit worthiness and ability to re-pay a mortgage loan based on his/her credit and financial ability, as well as the soundness and value of the structure on which the loan is being made.  This decision must be made on the following criteria:  government agency and investor requirements as well as company policy and procedure to ensure compliance with all regulations resulting in a qualified loan that is marketable for purchase. Attend seminars for necessary training and updating of current information.

Additional responsibilities include: Responsible for reviewing/re-reviewing questionable loans that are/were rejected by investors or agencies that HomeAmerican sells their loans to.  Re-negotiation with said investors/agencies. Communicate to staff members any changes that impact the company’s ability to market and sell a product that will be most profitable. Regular monitoring and contact with entities regarding potential market changes.

Meet investors to develop an understanding of their philosophy as to what they consider an investment grade loans eligible for purchase.  

Requirements

High school diploma or equivalent work experience. Must have prior VA, FHA, and conventional loan underwriting experience for a minimum of five years.  Must have supervisory experience for at least two years.  Must have FHA Chums Number, VA Automatic Authority, and VA Sar designations. Knowledge of conventional and government underwriting procedures.  Knowledge of creditor financial analysis techniques and investor requirements.  High degree of attention to detail.  Must be able to perform basic mathematical calculations.

Compliance is a critical part of HomeAmerican Mortgage and a successful candidate will agree to comply with all applicable laws and regulations regarding the responsibilities of this position.

FHA Chums Number, VA Automatic Authority, and VA Sar designations required.

This role will NOT be remote. 

Benefits & Perks!While we value hard work, we also recognize the importance of having fun! Our employees enjoy a collaborative environment where they can freely bounce ideas off one another and participate in exciting teambuilding activities and outings, like trips to the ballpark, holiday celebrations, regular office socials and much more.

• Positive, collaborative team culture
• Competitive compensation structure
• Comprehensive benefits package includes: Medical, Dental, Vision, HSA/FSA accounts, 401K, Life Insurance, Short Term Disability, Long Term Disability, and EAP
• Time Off benefits include: Vacation, Sick, Holiday, Bereavement, Jury Duty, FMLA, and Military leave
• Discounted pet insurance
• Home purchase discounts & more!

*All benefits are subject to qualification and hire dates. Not all benefits apply to commissioned sales people.Compensation

• Base Salary: $110,000-130,000
• FLSA Status: Exempt
• Bonus Type: Year-end Discretionary

If you are ready for more than a job and seek a career with one of the most respected organizations in a top industry then we want to hear from you. Please also visit our website at www.richmondamerican.com for more information.MDC Holdings, Inc. / Richmond American Homes is an Equal Opportunity Employer. #LI-JP1 #LI-ONSITE