MORTGAGE UNDERWRITING MANAGER & CREDIT OFFICER
Company: CTBC Bank
Location: Monterey Park
Posted on: November 8, 2024
Job Description:
POSITION SUMMARY:
The Mortgage Underwriting Manager and Credit Officer (MUMCO) is
responsible for the review and approval of residential mortgage
loans and managing a team of mortgage underwriters. The MUMCO is
also a key stakeholder in the development of mortgage loan products
and the application of credit policies, guidelines, and procedures
to ensure residential mortgage loans are originated and managed in
accordance with the Bank's risk tolerance.
ESSENTIAL FUNCTIONS:
Credit Approval (50%)
- Review and approve credit requests submitted by business
units.
- Provide independent credit recommendations to higher-level
approval authority if applicable.
- Ensure the credit underwriting quality with Bank policies,
guidelines, and documentation requirements followed.
- Engage with business units to provide constructive feedback.
Team Management (30%)
- Manage underwriters to ensure adherence to applicable credit
policies and guidelines.
- Manage the team workload and coverage to ensure
sufficiency.
- Coach underwriters to ensure satisfactory decision making and
turn time.
- Negotiate with business units as needed.
- Coordinate with Operation in efficiently completing the loan
origination process. Credit Monitoring & Product Development (20%)
- Monitor portfolio performance and recommend guidelines
modification to adapt to market trend while maintaining credit
quality.
- Perform periodic credit review and grading process to ensure
loans are properly risk graded.
- Assist in product development and study the impact to the
Bank's portfolio. OTHER RESPONSIBILITIES:
- Achieve individual objectives and goals and contribute to the
accomplishment of those established by Credit Group.
- Ensure asset origination is of strong quality while supporting
the Bank's success in its objective of growth.
- Successfully complete all mandatory training on related Bank
and BSA compliance as well as other laws and regulations as
assigned in a timely manner.
- Respond to internal/external examination and audit
questions.
- Perform other duties as assigned. Education, Experience and
Skills Required:
- Bachelor's degree in Finance, Accounting, Economics, or other
business-related fields.
- 15+ years of experience in credit analysis and credit approval
of residential mortgage loans including FNMA.
- 7+ years of experience in managing residential mortgage
underwriters.
- Knowledgeable in banking regulations and governing laws.
- Able to prioritize and perform duties independently.
- Proficient in communication with all levels of staff including
business units and the management. PHYSICAL DEMANDS:
- Minimum mobility to work in an office setting; sit for
prolonged period of times; operate office equipment including use
of a computer keyboard; and reach with hands and arms. Employees
are occasionally required to walk and stand and lift and move
records and documents weighing 30 pounds or less. COMMUNICATION
DEMANDS:
- Attention to detail, strong organizational, communication,
interpersonal, and analytical skills, self-motivated, ability to
interact with all levels of management and staff. WORK ENVIRONMENT:
- Standard office environment. Noise level in work environment is
usually average. Hear in the normal audio range with or without
correction. Specific vision abilities required by this job include
close vision and the ability to adjust focus.
Compensation
The base pay range for this position is USD $130,000.00/Yr. - USD
$170,000.00/Yr plus full benefits. Exact offer will be determined
based on job-related knowledge, skills, experience, and
location.
Keywords: CTBC Bank, Buena Park , MORTGAGE UNDERWRITING MANAGER & CREDIT OFFICER, Executive , Monterey Park, California
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