Underwriting Supervisor Job Description
Underwriting supervisor
provides training as needed to regional mortgage center staff ensuring that they are adequately informed of program guidelines, underwriting practices, and mortgage division’s service level agreement.
Underwriting Supervisor Duties & Responsibilities
To write an effective underwriting supervisor job description, begin by listing detailed duties, responsibilities and expectations. We have included underwriting supervisor job description templates that you can modify and use.
Sample responsibilities for this position include:
35 % Provide leadership to underwriting staff through effective performance management practices, providing feedback, coaching, auditing and skill/knowledge development to staff
Analyze complex financial data, such as income growth, quality of management, market share/inventory, and overall borrower business plans in order to make recommendations with regard to credits
Responsible for management of Credit Analysts and Underwriters, including hiring, on-going training, performance reviews, coaching/development
Oversee accurate and uniform written communication to clients, including commitment letters, declinations, and needs letters
Coordinate with Credit Quality Administration and Credit Review to respond to audit exceptions
Work with various departments to streamline process/procedures
Review a minimum of 3 appraisals per month per Underwriter to gain an understanding of their strengths and weaknesses
Administers assignments and follow up on all types of complex credits
Monitor mortgage loans active in a loan modification trial offer plan to ensure mortgage loan borrowers are making payments in accordance with the trial offer
Identify discrepancies between internal and investor systems of record and reconcile accordingly
Underwriting Supervisor Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Underwriting Supervisor
List any licenses or certifications required by the position: DE, SAR, FHA
Education for Underwriting Supervisor
Typically a job would require a certain level of education.
Employers hiring for the underwriting supervisor job most commonly would prefer for their future employee to have a relevant degree such as Collage and Bachelor's Degree in Education, Finance, Business, Business/Administration, Communication, Military, Graduate, Marketing, Performance, MBA
Skills for Underwriting Supervisor
Desired skills for underwriting supervisor include:
Loan documentation
Compliance/related laws
Credit policy
Mortgage products
Residential Mortgage Credit and Collateral Underwriting
Practices
Mortgage lending guidelines
Real estate industry terminology and practice
Ability to leverage that information in creating customized customer solutions
Ability to read
Desired experience for underwriting supervisor includes:
Minimize need to repurchase Veteran’s Administration loans by identifying the appropriate population and proactively attempting to modify terms of the mortgage loan
Serve as the single point of contact for loss mitigation regarding informational requests for clients
Identify, develop and implement efficiencies for loss mitigation processes
Identify mortgage loans that are eligible for modification of loan terms
Experience in loss mitigation preferred
Operates effectively in a team environment independently
Underwriting Supervisor Examples
1
Underwriting Supervisor Job Description
Job Description Example
Our innovative and growing company is hiring for an underwriting supervisor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for underwriting supervisor
- Be a hands-on working manager, may do the work of subordinates based on business need
- Coordinates the work activities of the unit, responsibility for day-to-day work and procedures
- Has responsibility for performance, development, and coaching of staff (i.e., hiring, firing, performance, salary increases)
- Will provide training to new members of the team/unit
- Supervises employees in the underwriting function of a business unit
- Foster cross-functional interdependent relationships to achieve business results
- Directs the day-to-day support operations of the support staff by establishing priorities, reviewing territory assignments, redirecting work when needed and assisting others with resolving problems in order to meet established operations service standard (e.g., Operational objectives, Billing instructions, Policy Writing Instructions, endorsements, submission clearance)
- Ensures that the unit develops and maintains effective business relationships with underwriters, internal partners and external clients
- Provides management with input on the development of policies, procedures and guidelines
- Perform team management, coaching, training and nurturing of our future leaders
Qualifications for underwriting supervisor
- Proven ability to speak effectively in front of Sr
- Agency Management/Marketing
- Must have a 4 year college degree from an accredited college or university
- 30% Lead underwriting staff, including underwriters and associate underwriters, to meet territory and department objectives and positively impact organizational profitability through effective management of rate to risk
- 20% Project and vendor work with ROI/CBA knowledge/commitment
- Minimum of college degree or equivalent
2
Underwriting Supervisor Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of underwriting supervisor. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for underwriting supervisor
- Work in conjunction with Sr
- Supervise and develop a high performing team of Surety Underwriting Assistants who are responsible for bond processing and verification activities general office support and administrative tasks that support Surety Underwriters and Bond Managers
- Supervise the day-to-day support operations of the Underwriting Assistants including the valuation and prioritization of work, redirecting work when needed, assigning tasks, and monitoring progress and quality of direct reports
- Ensure and monitor all support functions are performed within operational service, quality, and performance standards and provides management with continuous feedback regarding the status and quality of those functions
- Ensure team activities are compliant with regulatory requirements internal policies
- Perform the most complex bond processing transactions which may include assumed and ceded transactions and resolves complex reconciliation problems as necessary
- Drive consistency throughout the organization by ensuring processes and policies are followed
- Responsible for training support staff on processes/procedures multiple systems
- Provide input to overall process development, implementation and automation in conjunction with Surety Admin Managers, Operations, IT, and Training
- Provide management with input on the development of policies, procedures and guidelines including collaboration for process improvement efforts
Qualifications for underwriting supervisor
- Implement and continuously monitors the producer premium receivable collection process based on company procedures
- May require a high level of independent interaction with agents/brokers
- Surface more complex collection issues to the Zone Manager, CAS Manager, Bond Manager and/or designee, as policy specifies or requested
- Under the guidance of management, participates in the hiring, performance management and development of staff
- Prepares, analyzes, and distributes operational reports for management as directed
- 5 or more years of progressive work experience within Surety, preferably covering multiple product lines, or equivalent experience is expected
3
Underwriting Supervisor Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of underwriting supervisor. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for underwriting supervisor
- Works within the constraints of the department operating budget which provides for the attainment of agreed upon goals in accordance with approved plans
- Assists during hiring process, the development, evaluation, and (when necessary) the disciplining of subordinate personnel or makes recommendations in such matters, including discharging
- Assist with the development and implementation of an effective organizational structure for area(s) of responsibility, including
- Responsible for the provision of services for internal and external customers as it relates to the scope of Underwriting and to collaborate with partners when a broader scope is needed to successfully resolve pending issues or achieve any business need, goal, or objective
- Monitors and takes appropriate action as needed for results of external underwriting audits
- Participates in seminars, national meetings such as AAMGA, NAPSLO as relates to the personal lines or agriculture lines
- Monitors results and recommends action as needed for profitability of the agents’ books of business or a particular product line
- Participates on committees and in programs for safety, fire prevention, disaster and so forth
- Remains abreast of developments in the field of (whatever the functional specialty may be in the individual area of responsibility) by pursuing a program of self development, participating in professional organizations, interacting with peers, reviewing pertinent literature, Incorporates advancements when practicable and cost effective
- Reviews policy reformation, void, underwriting rule exception and payment plan exception requests, coordinates investigations and determines whether requests will be granted
Qualifications for underwriting supervisor
- Ability to get work done through others, analyze/solve problems, build relationships, and plan/assign/organize/evaluate work of staff members
- Possess superior leadership skills with the ability to delegate and get work done through others by planning, assigning, organizing, and evaluating the work of staff members
- Excels at building relationships with internal and external customers
- Can-do attitude with the willingness to step-in and do what it takes to get the job done
- 5-7 years of progressively more responsible experience in Underwriting
- Demonstrated leadership or supervisory skills
4
Underwriting Supervisor Job Description
Job Description Example
Our company is growing rapidly and is hiring for an underwriting supervisor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for underwriting supervisor
- Assumes duties of Underwriting manager when absent
- Prepares special reports and performs other duties as required by the Underwriting Manager
- Ensure applications are underwritten within an acceptable turnaround time
- Ensure that underwriting decisions are in compliance with the company underwriting guideline
- Ensure that all correspondences are sent out on timely basis
- Ensure that overdue pending applications are NTU in accordance to company guideline
- Building good customer service
- Partners with UW to direct the day to day activities of team by facilitating communication and establishing priorities, reviewing territory assignments, redirecting work when needed and assisting others with resolving problems in order to make improvements in the work or meet established operations service standard (e.g., Operational objectives, Billing instructions, Policy Writing Instructions, endorsements, submission clearance)
- Maintain compliance regulatory requirements internal policies, procedures and processing with all standards through process confirmations, regular reporting and follow up as appropriate
- Responsible for the acquisition, retention and development of Underwriting Assistant talent
Qualifications for underwriting supervisor
- Superior understanding of underwriting and applicable Product Knowledge
- Advanced analytical and desktop application skills
- Committed to regulatory compliance
- Professional industry designations desired
- Call Center/Service Center experience is a plus
- Flood experience is a plus as well
5
Underwriting Supervisor Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of underwriting supervisor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for underwriting supervisor
- Partners with UW to direct the day to day activities of team by facilitating communication and establishing priorities, reviewing territory assignments, redirecting work when needed and assisting others with resolving problems in order to make improvements in the work or meet established operations service standard (e
- Operational objectives, Billing instructions, Policy Writing Instructions, endorsements, submission clearance)
- Partners with Underwriting to direct the day to day activities of team by facilitating communication and establishing priorities, reviewing territory assignments, redirecting work when needed and assisting others with resolving problems in order to make improvements in the work or meet established operations service standard (e.g., Operational objectives, Billing instructions, Policy Writing Instructions, endorsements, submission clearance)
- To perform risk selection process in order to ensure consistent risk selection accordance with the suitable terms and provisions applicable
- Play an active role in team productivity to ensure achievement of targeted levels of productivity
- To ensure comply with applicable regulations in PT AJMI (including AML/KYC and Privacy)
- To perform a good relationship with Regional Office and reinsurance partners
- To ensure compliance with applicable regulations in PT AJMI (including AML/KYC and privacy)
- Effective management all the projects, enhanced system and reports under his/her charge, ensuring high quality service standards and service efficiency, reviewing and revising specific objectives where necessary
- Attend meetings and make minutes, decisions if needed for projects, product development
Qualifications for underwriting supervisor
- Working knowledge of computer software, word processing, spreadsheets
- Proficient computer skills in various software applications, including use of spreadsheets in numerous formats, word processing, electronic mail, and presentation
- An aptitude for math and statistical interpretation with proven analytical skills
- Strong judgement, decision-making, presentation, planning, and organizational skills
- Extensive product and distribution knowledge
- Experience working within a production environment