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VP, Wholesale Underwriting

Cornelius, NC, USA | PennyMac Loan Services, LLC

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Financial Services Professional
    General Management
  • Experience:
    5-7 years
Job Description:
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The Director of Underwriting will manage a staff of approximately 7 to 10 underwriters reviewing loans originated through correspondent and retails channels.

Direct the underwriting activities for a wide range of GSE, FHA, VA and private label mortgage products;

Oversee all staff training and development;

Manage staffing, hiring and personnel;

Provide coaching and training as necessary;

Manage the review, credit decision and tracking of requests for loan program exceptions;

Develop and maintain unit capacity, procedures and workflow to ensure maximum staff productivity, prudent expenses and adherence to service levels;

Work with various levels of company management regarding underwriting and credit policy matters;

Manage the Corporate Underwriting Help Desk;

As requested, provide expertise in loan program and credit policy development.

Perform other related duties as required and assigned

Demonstrate behaviors which are aligned with the organization’s desired culture and values

Ideal Candidate will have the following:

Current and extensive knowledge of FNMA/FHLMC, FHA, and VA program guidelines;

Experience analyzing financial statements for high net worth borrowers;

A thorough understanding of cash flow practices for analyzing complex tax returns including, but not limited to, partnerships, corporations, S-corporations, as well as,treatment of capital gains and trust income; 

Must be highly proficient in Excel and Word

Must be a team player with strong attention to detail and able to work independently

Proven track record at delivering timely and accurate information in a fast-paced environment

Excellent critical thinking, problem solving, mathematical skills and sound judgment

Financial Services and, if possible, mortgage industry experience preferred

Strong business acumen and ability to interface with executive management

Years of Experience:



Bachelor's Degree

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