HELOC Underwriting Manager - Remote / Hybrid / In- Office - Paramus, NJ or Houston, TX

Responsibilities

• Build the department ground up, while performing line level roles as volume and need dictate.
• As the business grows, Hire and manage direct reports to maximize productivity, ensure accurate lending decisions, appropriate controls, effectiveness and efficiency.
• Build capacity plans based on growth, job descriptions as new roles are added, and assist in developing training materials aligned to expected growth and production volumes.
• Manages and performs underwriting of loans, and review of customer and vendor documentation associated with those loans.
• Monitor team performance, coaching, mentoring, training, assuring compliance with regulatory requirements and internal policies
• Appraise performance and provide recommendations for promotion, disciplinary action and termination, as appropriate
• Communicates, coordinates, coaches and reviews direct reports to ensure efficient operations, high quality loans decisions, and appropriate levels of productivity and effectiveness.
• Monitors and evaluates HELOC pipeline to ensure quality loan pipeline that drives profitability while managing appropriate levels of risk.
• Partner with credit policy to refine lending policies, and update procedures as needed to improve efficiency or provide additional risk controls for the department which may include testing and review of policies and procedures.
• Initiates projects and manages implementations that result in expense reductions and/or improved service and support
• Partner with Retail and Wholesale Departments, and Sales Managers, to manage HELOC product, process, procedures and the ongoing evaluation of trends, competitor programs, and internal stakeholder needs.
• Manages vendor relations required to support various automated decision tools for HELOC loans (e.g. initial decision, conditions, flood, appraisal, title, etc.).
• Create and maintain a culture of compliance and manage risk appropriately including but not limited to considerations related to Fair Lending, HMDA, RESPA, and CFPB.
• Have at least five years of experience in Home Equity or Mortgage Underwriting management, demonstrating a solid understanding of HELOC/Mortgage lending and the management of underwriters.
• Strong proficiency in PC applications, including Word, Excel, PowerPoint and MS Outlook, is essential
• Produce, read, analyze, and interpret a variety of procedures, manuals, policies, and regulations to ensure compliance and operational efficiency
• Experience with AI applications, particularly in assisting with the development and implementation of decision and process automation
• Experience using MeridianLink Loan Origination System (LOS) - Preferred.
• Above average oral and written communication skills are crucial for success in this role, alongside strong customer service and analytical skills
• We are looking for someone who not only excels in their current tasks but is also a forward thinker, always seeking ways to improve and innovate within the team
• Must be able to work extended hours as needed.
• Working in a growing and dynamic industry
• Full benefits: Medical, Dental, Vision, FSA/HSA, and wide array of voluntary products and discounts
• 401(k) with company match
• Paid time off
• This is an exempt position
• In addition to base salary 130-140K, this role is eligible for a competitive additional compensation program via monthly production bonus that is based on individual performance.
• LBF is an EEO/AA/Vet/Disabled Employer
• Please note that salaries that are estimated on various job sites may not reflect the actual compensation. Job sites, set the estimated salary, not Longbridge Financial.
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Benefits

Additional Information

The HELOC Underwriting Manager is a newly created leadership role responsible for building and leading the Company's Home Equity Line of Credit (HELOC) underwriting department from inception through growth. This role will initially function as both an individual contributor and department leader, personally performing HELOC loan underwriting, while simultaneously designing scalable processes, controls, and infrastructure.

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