Join Our Team

About Us

We are a leading retail mortgage lender based in Edgewater, MD, just outside of Annapolis, which specializes in residential mortgage lending. We are a nationally growing company currently licensed in 19 states and have over 20 branch office locations.

If you have mortgage industry experience, you will likely be familiar with many of the products that we offer such as FHA, VA, USDA, and Fannie Mae & Freddie Mac conventional loans. You will find, however, a refreshing difference in our approach from the approaches of others: we operate as a true TEAM!

We are looking for key team members, perhaps such as you, to drive our advancement and earn the title of the next industry leader.

Now Hiring: Underwriting Manager

Required Qualifications:

  • 10+ years' underwriting experience
  • 3+ years' management experience preferred
  • 1 year's minimum experience with Encompass
  • Experience with correspondent lending and also selling to agencies
  • AUS System experience (DU, LP, GUS, etc.): clear ability to interpret AUS findings and adhere to the AUS requirements for each file
  • Diverse product knowledge preferred
  • Intermediate knowledge of appraisals and compliance
  • Ability to manage pipeline in order to track files and turn times
  • Knowledge and ability to navigate Allregs; able to interpret regulations and guidelines
  • Ability to support underwriting decisions through sound reasoning and proper documentation of the file
  • Demonstrate strong income and credit analysis skills

Required Traits:

  • Detail oriented
  • Excellent time management skills
  • Ability to train, monitor and manage the underwriting team
  • Can multi-task with various projects and matters that are time sensitive
  • Remain objective and enforce UMAFI policies and procedures
  • Ability to effectively train, motivate and manage the underwriting team
  • Communicate well orally and in writing.
  • Possess problem-solving ability while offering great customer service

Department Responsibilities

  • Train the staff to be knowledgeable in compliance regarding their areas of responsibility in the underwriting process
  • Efficient pipeline management for the department as a whole
  • Implement policies and procedures put in place by upper management
  • Successful distribution of information to the department to ensure the company is following the most up to date compliance policies and procedures.
  • Hold department accountable by running reports and making sure underwriting numbers are met
  • Maintain log of training in certain areas of deficiencies for department level and personnel level defects
  • Spot check a minimum number of files underwritten prior to closing for defects
  • Ability to intervene on loan issues and offer resolutions

How to Measure Success:

  • All personnel meeting Turn-time and Number of Decision expectations
  • Random sampling of pipeline shows balance being maintained across all Underwriters
  • Defect tracking audits to identify defects and trends – should show decreasing trends month to month
  • Trending reduction in number of days between approval and doc signing
  • Minimized percentage of incorrectly suspended files
  • Reduction in the number of days taken for defects to be resolved and conditions to be cleared
  • Reduction in time and money loss (against a set standard) due to underwriting errors
  • Spot check a minimum number for underwritten prior to closing for defects is met
  • Positive feedback of co-workers in all depts through survey

To apply

Please submit resume to JoinOurTeam@umafi.com.

Universal Mortgage & Finance, Inc.

Corporate Office:
NMLS #118030
Phone: (800) 316-6846
3158 Braverton Street | Ste #204
Edgewater, MD 21037