Underwriting Manager

Job description

*Medical, Dental, Vision, Life, 401K match, PTO, Sick Time, 10 Paid Holidays, Remote work opportunities* **What you'll do at Cascade:** **Serve the American Dream Through Attainable Home Ownership.** **Position Overview** The Agency Underwriting Manager is responsible for leading the day-to-day operations, performance, and strategic development of the Agency Underwriting Department. This role oversees underwriting quality, productivity, service levels, staffing capacity, and operational efficiency while ensuring compliance with agency guidelines, applicable federal and state regulations, and company credit policies. The Agency Underwriting Manager establishes departmental goals, key performance indicators (KPIs), and operational benchmarks to drive consistent results, maintain service-level expectations, and support overall business objectives. This position monitors underwriting production, turnaround times, quality trends, workflow distribution, and staffing capacity to identify opportunities for improvement and ensure resources are aligned with business demand. In addition to managing department performance, the Agency Underwriting Manager is responsible for coaching and developing underwriting staff, strengthening technical expertise, establishing consistent underwriting practices, and fostering a culture of accountability, collaboration, and continuous improvement. This role partners with senior leadership and cross-functional departments to develop strategies, manage departmental expenses, support budgeting and forecasting, and implement innovative solutions that improve productivity, quality, and the overall underwriting process. **Key Responsibilities** **Department Leadership and Performance Management** - Lead and manage the daily operations of the Agency Underwriting Department to achieve established production, quality, turnaround time, and service-level objectives. - Establish, communicate, and monitor departmental goals, performance expectations, and measurable KPIs aligned with company objectives through regularly scheduled meetings - Monitor underwriting productivity, volume, aging pipelines, turnaround times, quality results, escalation trends, and service-level performance to ensure operational targets are consistently met. - Develop and maintain departmental performance reports and dashboards to provide visibility into production trends, staffing capacity, workflow balance, and areas requiring management attention. - Analyze performance results, identify gaps against established targets, and implement corrective action plans to improve outcomes. - Provide regular reporting and performance updates to senior leadership, including key trends, operational risks, resource needs, and recommended solutions. - Promote a culture of ownership, accountability, continuous improvement, and consistent execution across the department. **KPI Management, Budgeting, and Capacity Planning** - Establish and monitor performance drivers that influence departmental productivity, turnaround times, quality, staffing requirements, and overall operational costs. - Partner with leadership to develop departmental budgets, expense forecasts, staffing plans, and resource allocation strategies based on projected loan volume and business demand. - Monitor actual performance against budget, forecasted volume, productivity assumptions, and staffing plans; identify variances and recommend appropriate adjustments. - Evaluate workload capacity, underwriter utilization, productivity expectations, and staffing needs to maintain an appropriate balance between production demands and available resources. - Forecast staffing and operational needs based on pipeline trends, seasonality, business growth, and changes in underwriting volume or complexity. - Establish appropriate workload distribution and escalation processes to prevent bottlenecks, manage aging files, and maintain consistent service levels. - Recommend staffing, scheduling, cross-training, and resource allocation adjustments to improve efficiency while maintaining underwriting quality and employee engagement. - Discover and implement new ways to incorporate off shoring personnel to maximize efficiency **Workflow Optimization and Process Improvement** - Evaluate existing underwriting workflows, procedures, and operational processes to identify inefficiencies, redundancies, delays, and opportunities for improvement. - Lead initiatives to streamline processes, improve workflow consistency, reduce unnecessary touchpoints, and increase underwriting capacity without compromising credit quality or compliance. - Develop, implement, and maintain standardized procedures, workflow controls, job aids, and best practices to support consistent underwriting decisions and efficient file movement. - Identify opportunities to leverage technology, automation, reporting tools, and innovative operational practices to improve productivity, data accuracy, and decision-making. - Collaborate with technology, operations, sales, closing, processing, and other relevant departments to resolve workflow challenges and implement process enhancements. - Measure the effectiveness of process changes through defined KPIs, performance reporting, and ongoing evaluation; adjust strategies as needed to achieve sustainable results. - Lead change management efforts by communicating process updates, securing team adoption, and ensuring appropriate training and documentation are in place. **Coaching, Employee Development, and Accountability** - Coach, mentor, and develop underwriting staff, including senior underwriters and emerging leaders, to strengthen technical expertise, decision-making, productivity, and professional growth. - Establish clear performance expectations and provide regular feedback through individual coaching sessions, performance reviews, and development plans. - Monitor individual and team performance against established productivity, quality, turnaround time, and service-level expectations. - Identify training needs and performance gaps through quality reviews, reporting trends, employee feedback, and operational observations. - Develop and oversee training programs, reference materials, job aids, and continuing education initiatives to improve underwriting consistency and technical proficiency. - Support onboarding and development of new underwriting staff to promote efficient ramp-up, sound credit judgment, and adherence to company standards. - Address performance concerns proactively through coaching, documented action plans, and appropriate follow-up. - Promote a collaborative, accountable, and solutions-oriented work environment that encourages knowledge sharing, employee engagement, and continuous development. - Identify opportunities for succession planning, cross-training, and leadership development to strengthen departmental depth and operational continuity. **Underwriting Quality, Credit Policy, and Compliance** - Oversee underwriting quality and consistency to ensure loan decisions align with applicable agency guidelines, FHA/VA requirements where applicable, company credit policy, and investor requirements. - Maintain current knowledge of agency guidelines, including FHA Single Family Housing Policy Handbook 4000.1, applicable Mortgagee Letters, and relevant VA guidance. - Monitor quality assurance findings, underwriting errors, exception trends, and compliance results to identify root causes and implement corrective actions. - Provide guidance on complex underwriting scenarios, credit policy interpretation, risk assessment, and escalated loan decisions. - Ensure underwriting practices comply with applicable federal and state laws, regulatory requirements, agency standards, and company policies and procedures. - Partner with compliance, quality control, and other internal stakeholders to resolve findings, address emerging risks, and strengthen departmental controls. - Communicate policy changes and regulatory updates to the underwriting team and ensure procedures and training materials are updated accordingly. - Balance production and efficiency objectives with prudent risk assessment, sound credit decisions, and consistent underwriting quality. **Cross-Functional Collaboration and Strategic Support** - Serve as a key point of contact for underwriting-related operational matters, policy interpretation, workflow escalations, and performance concerns. - Collaborate with senior leadership and other departments to align underwriting capacity, service expectations, and operational priorities with business objectives. - Communicate underwriting performance trends, capacity constraints, and operational risks to leadership with actionable recommendations. - Work with business partners to resolve recurring process issues, improve communication, and establish clear ownership of cross-departmental workflows. - Support the development and implementation of departmental strategies, operational initiatives, and business growth plans. - Represent the Agency Underwriting Department in meetings, projects, and initiatives involving operational performance, policy implementation, technology improvements, and organizational change. - Perform other duties as necessary to support departmental and organizational objectives. **Requirements and Qualifications** - Minimum of 5+ years of current or previous mortgage underwriting experience, with substantial experience in FHA and VA government loan underwriting. - Current or prior DE/FHA underwriting authority - Current or prior VA/SARR underwriting authority - **Demonstrated experience** in a supervisory, management, or team leadership role within a mortgage operations environment. - **In-depth knowledge** of FHA Handbook 4000.1, applicable Mortgagee Letters, VA underwriting guidelines and applicable VA Circulars - **Strong understanding** of agency underwriting standards, credit risk assessment, automated underwriting systems, manual underwriting, and applicable federal and state compliance requirements. - **Demonstrated experience** establishing, tracking, and analyzing KPIs, including productivity, turnaround time, quality, pipeline aging, service levels, and staffing utilization. - **Demonstrated Experience** developing or contributing to departmental budgets, expense forecasting, staffing plans, capacity models, and operational performance projections. - **Proven ability** to analyze operational reports, identify performance trends, establish measurable performance drivers, and translate findings into actionable business decisions. - **Experience managing workflow** distribution, balancing workloads, forecasting staffing requirements, and improving operational efficiency. - **Demonstrated success** in coaching employees, developing talent, managing performance, and fostering a culture of accountability and continuous improvement. - **Strong process improvement** and problem-solving skills, with the ability to evaluate existing procedures, identify root causes, and implement effective, measurable solutions. - Proficiency in Microsoft Excel and experience using reporting tools, dashboards, loan origination systems, or workflow management systems to monitor and evaluate performance. - Excellent communication, presentation, organizational, analytical, and time management skills. - Ability to manage competing priorities, make sound decisions under pressure, and adapt to changing business volumes and operational demands. - Ability to collaborate effectively with senior leadership, cross-functional partners, and employees at all levels of the organization. - Strong leadership judgment, integrity, professionalism, and commitment to maintaining confidential information. - Ability to work independently in a remote environment while maintaining strong communication, accountability, and team engagement. **Core Success Measures** - The Agency Underwriting Manager will be evaluated on the department’s ability to consistently achieve established performance goals, including: - Productivity: Achievement of underwriting volume and productivity targets. - Turnaround time and service level agreements: Consistent management of underwriting queues, pipeline aging, and service-level commitments. - Quality and compliance: Maintenance of underwriting accuracy, sound credit decisions, and compliance with applicable guidelines and company policies. - Workflow and capacity management: Effective workload distribution, staffing utilization, and alignment of resources with business demand. - Budget and cost management: Performance against approved departmental budgets, staffing assumptions, and operational expense targets. - Employee development: Improvement in employee proficiency, performance, engagement, and readiness for increased responsibility. - Process improvement and innovation: Successful implementation of initiatives that improve efficiency, reduce rework, strengthen controls, or increase operational capacity. - Reporting and accountability: Timely, accurate performance reporting and proactive communication of risks, trends, and improvement opportunities. - Success Staff: Successful implementation of using off-shore personnel to increase efficiency and implement business goals The Agency Underwriting Manager is expected to use these measures to guide departmental decisions, establish improvement priorities, and ensure the department consistently delivers high-quality underwriting services in support of the company's strategic and operational goals. **About Cascade & Our Culture:** Since opening our doors in 1999, Cascade Financial Services has grown to become one of the most trusted lenders in Attainable Housing. Our goal is to help thousands of families realize the dream of home ownership by offering mortgage loan solutions customized to the manufactured housing marketplace leveraging state-of-the-art business automation coupled with the most skilled professionals in the industry. The Cascade culture lives in our team members!!! We are focused and dedicated to developing and providing a platform for growth. We are proud of the team that we've built and are looking for great people who will embrace our values and contribute to them: **T.I.E.S**.**Teamwork, Integrity, Excellence, and Service.** We believe in work/life balance and a positive/family-like work environment. Together, we will continue to lead the way and make a difference. Join our team and assist us to **Serve the American Dream Through Attainable Home Ownership.**