First Interstate BancSystem HL Underwriting Manager in Bozeman, Montana
**If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal.
The Underwriting Manager is responsible for all credit aspects of the Home Loans origination process, including the development and oversight of all staff underwriters and external contract underwriting relationships. This role is a key member of the leadership and management team for Home Loans and works with other key leaders on implementing and fulfilling our mission to serve our communities and clients with their home financing needs through bank portfolio, conventional Agency, Government or USDA loan programs. The Underwriting Manager ensures proper adherence to Investor and Agency guidelines, internal credit policy and procedure, as well as all credit related state and federal laws and regulatory requirements.
ESSENTIAL DUTIES & RESPONSIBILITIES include the following; other duties may be assigned.
Owns, maintains and enhances internal Portfolio Product credit approval guidelines for our full suite of residential products, including conventional 1st and 2nd mortgages, lot, construction and closed-end home equity, assisting also with new product definition and implementation.
Develops internal training programs for underwriters and works with internal or external partners to deliver or administer staff training and development, both new and ongoing. Ensures communication of all relevant industry and company developments.
Sets direction and strategy for the Underwriting team, driving process and performance improvements.
Manages and provides oversight for Underwriting Team Leads and staff underwriters as well as external relationships with third-party service providers within the credit space for Home Loans.
Coordinates with bank Credit partners on credit escalations and second level review when necessary according to internal policy. Supports the appraisal review process for all residential real estate transactions.
Works with Quality Control department to ensure a high level of credit quality on approved loans, ensuring all loans are of marketable quality. Assists in the resolution of Post-Closing issues through active coordination among internal groups.
Manages the loan application pipeline and workflow to facilitate efficient movement of loans through Underwriting stages and to fulfill department established goals for file turn times, overall cycle times and client service levels.
Tracks, analyzes and reports on various department quality and efficiency metrics, including Credit approval and guideline or policy exceptions.
Maintains a working knowledge of new and relevant government regulations, real estate laws, agency or investor guidelines and distributes relevant updates to Underwriting, Operations and Sales staff.
Serve as a direct escalation point for Underwriting, Sales and Operations, for the most unusual or complex file issues, including detailed directions regarding the review of borrower financial statements, credit reports, income calculations and applicable qualification ratios.
Encourages, supports and builds positive, strong culture and collaborative working relationships with Sales, Operations and Fulfillment staff, ones that value team member contributions.
Adheres to all applicable compliance regulations and ensures the accuracy and completeness of required credit file documentation. Respond to all audit and compliance findings in an effective and efficient manner.
Demonstrates a commitment to fair lending and works to build processes and reporting mechanisms supportive of that goal.
SECONDARY DUTIES & RESPONSIBILILTIES
Actively support the goals of the Community Reinvestment Act (CRA) in the development and implementation of new lending programs
Assist in development of consistent underwriting, quality control and compliance testing procedures throughout the bank's mortgage lending operations
Assist in training Home Loans staff
To perform the job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION & EXPERIENCE
College degree preferred and ten (10) or more years' Real Estate Underwriting experience required in a mix of conventional and government products. VA/LAPP & FHA DE preferred, and prior experience managing a team of employees is required (underwriters preferred). Demonstrated ability to interpret guidelines and make credit decisions based on these interpretations is also required.
OTHER SKILLS & ABILITIES
Accurate keyboarding and 10-key skills required. Computer experience required with Windows software experience preferred. Ability to set priorities and work in an organized manner. Ability to work under pressure with limited supervision. Ability to meet and deal with the public and co-workers in a friendly, professional manner.
CERTIFICATES, LICENSES, REGISTRATIONS
This position requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations. Employment is contingent upon meeting all such requirements, including acceptable background investigation results including FHA DE status & VA LAPP approval.
As a condition of employment, any successful job applicant will be required to pass a pre-employment screening against the Limited Denial of Participation (LDP), GSA Excluded Party List System (EPLS) and Freddie Mac Exclusionary List.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to effectively present information and respond to questions from groups of managers, clients, customers and the general public.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume. Ability to apply concepts of basic algebra and geometry.
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret and extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee frequently is required to walk, sit, and climb or balance. The employee is occasionally required to stand and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and ability to adjust focus.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently exposed to moving mechanical parts.
The noise level in the work environment is usually moderate.**If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal.
Our company is an equal opportunity employer. Employment here is based solely upon an individual's merit and qualifications directly related to the position. We do not discriminate on the basis of race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, disability, medical condition, or any other characteristics protected by law. We make all reasonable accommodations to meet the obligations set forth under the Americans with Disabilities Act (ADA) and state disability laws.