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Underwriter Manager at Better Full Time
Better is reimagining home finance and making it faster, cheaper, and easier for everyone to become a homeowner. We leverage creative technology and innovation to make the home buying journey more approachable and understandable and home finance more affordable and accessible. Here are some interesting facts to help you get to know Better:
– We’ve funded over $100 billion in loans for our customers, more than any other fintech
– We ranked #1 in the U.S. on LinkedIn’s Top Startups 2020 and 2021
– We are Forbes’ Best Online Mortgage Lender for 2023
– We are USA Today’s Best Mortgage Lenders of 2023, Best for FHA Loans
– We have raised over $1.2 billion in equity capital to transform the mortgage industry, the largest financial asset class in the world
– And we’re just getting started!
We are a place where smart, hungry, ambitious people who want to recognize their full potential thrive.
A Better Opportunity
The Underwriting Manager will work closely with Underwriting leadership to help manage priorities of the team. They will also evaluate borrower financial and credit information in tandem with property valuations to inform lending decisions, using established underwriting guidelines. Our underwriters will work closely with all members of the production team throughout the process to bring loans to closing.
Beyond producing high-quality loans and managing priorities, our goal is to build a product that will ultimately reduce the cost of homeownership in America. To do this, we need you to wear many hats, ranging from a visionary redesigning the needlessly complex mortgage process; a data analyst uncovering how to make the most impact; to a problem solver working with highly skilled engineers and industry experts to resolve technical and operational challenges.
Responsibilities
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- Lead a team of Underwriters who will underwrite and decision agency conforming, non-conforming and FHA residential mortgage loans
- Work with Underwriting leadership to manage team priorities and achieve department goals
- Develop and improve team productivity, performance and loan file quality with ongoing performance management
- Foster a positive culture and create positive work experiences
- Collaborate cross functionally with adjacent teams (e.g., Processing, Sales, Collateral, Tech, etc.)
- Verify and analyze all necessary financial information and documentation; ensure that loan files contain all necessary credit and legal documents
- Perform thorough analysis of applicant’s income and expense data, asset documentation, credit reports, and property valuations in order to affirm borrower qualifies for loan
- Calculate qualifying ratios, determine creditworthiness; provide risk opinions
Qualifications
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- 3+ years of recent experience managing a team of mortgage underwriters
- 7+ years of experience underwriting multitude of FNMA, FHLMC, Non-Conforming, Non-QM, VA and Heloc loans.
- Categorical understanding of the mortgage lending process, underwriting methodology and philosophy
- Critical thinker with strong decision making ability
- Experience thriving in a high volume production environment
- Capable of preparing findings reports
- Proven ability to improve production and quality metrics
- Strong written and verbal communication
- Perform well in team environments
- The drive to build something new
- Management and personnel development experience
- VA, FHA, Non-Conforming & Heloc experience a plus
Company Benefits
Our total rewards package consists of base salary, benefits, and opportunity for yearly cash bonus. Some of our benefits include:
– Comprehensive healthcare, retirement, and voluntary benefits. Think medical, dental, vision, health savings accounts, 401k, and more.
– Personalized care and tools for realizing your mental health and wellness goals.
– Company paid for lunch when working in the office.
– Additional benefit perks & discounts.
Disclaimer
Better Home & Finance Holding Company is an equal opportunity employer committed to fostering an inclusive and diverse environment for our employees. We are committed to equal employment opportunities regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status, or any other reason protected by law.
We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. Better will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
