New Underwriting positions available in Charlotte, NC, Columbus, OH, Montvale, NJ and Tampa, FL

One of our corporate clients is in the expansion mode and has asked us to locate 4 very talented residential mortgage underwriters;One in Charlotte, NC, one in Tampa, FL, one in Montvale, NJ and one in Columbus, OH. 

Do you have a  minimum of 3 years residential underwriting experience?

         As the newest  Mortgage Underwriter for this firm you will work in one of these locations  under the supervision of the Underwriting Manager to underwrite residential mortgage files in compliance with the following program guidelines:VA, HUD, GNMA  , FNMA, FHLMC and an assortment of other investors.

Our client, the employer, is a national mortgage bank with market concentration in the Eastern US. It limits it's activity to residential mortgage loans and lends across the entire US.

This is a dynamic position and requires an experienced person with the following capabilities and skills:

• Minimum Experience: 3 years underwriting in residential mortgage lending environment
• Manage approval and condition queue to maintain company quality control standards
• FHA/DE approved and VA LAPP
• Knowledge of investor and GSE guidelines including GNMA, FNMA and FHLMC
• Ability to work well under pressure and meet deadlines
• Knowledge of standard LOS systems
• Above-Average attention to detail
• Team player with a positive attitude; willing to work overtime when requested
• Demonstrated ability to interact respectfully with loan originators to answer underwriting questions and find solutions to customer problems
• BA/BS in related field or industry equivalent experience
• Well-developed analytical and mathematical skills
• Successful history of collaborating with a variety of business partners in the business, legal and technology departments to insure risk management and compliance with relevant regulatory guidelines
• Annual compensation: $60-$80K
• Full benefits package provided

This is an EEO/AA employer; They maintain a drug-free workplace and

1. perform pre-employment substance abuse testing;
2. conduct a criminal background investigation and
3.  conduct a credit history verification.

If you possess the requisite skill set level and have worked in this area for 3 years or more then send your resume  and social media  contact information  to

kevin@netbranchology.com

netbranchology.com is a specialty recruiting firm that works with banks and mortgage firms across the country. Candidates NEVER pay a fee for our services. To see other careers and positions available visit our  Career Website.

Naples     Minneapolis     New Haven   St. Louis     Orlando     Houston

Is the resume dead?

If you've been looking for a job or trying to change careers but aren't getting the attention you think you deserve, get yourself current: The idea of submitting your resume in an effort to land a job is quaint and becoming obsolete.  People in the HR industry are referring to resumes as " the dead-tree summary"; Others call this the post-resume era.  

Recruiting firms, like our firm netbranchology.com along with some employers are adopting a much more thorough approach to assessing job candidates for positions. With the explosion of social media the recruiting process has shifted online and has become much more interesting. A one-dimensional summary of your qualifications is no longer adequate; Today, it is a good idea to email us a summary that includes links to your Facebook page,  Linked-In account, Twitter account, Youtube channel and  blog. We'd like to see links to any articles you've written. Include any other sites with information that will assist us in evaluating your capabilities. If you've spoken in front of an industry group send us the link to the video clip. One of the qualities that almost every recruiter or employer looks for in a job candidates is initiative; There is no better example of initiative than when a job candidate creates a web video of herself explaining why they want the job and how their qualifications will enhance their performance. Another subject we like to see candidates talk about is "What inspires you".  If you'd like us to help you find a position Click Here

 At netbranchology.com  we locate experienced mortgage bankers, brokers, loan originators and branch managers who would like to find a new position with a mortgage firm or bank that offers them a better opportunity than their current firm. When you make it easy for us to review online information about you we get a three-dimensional view of the person that helps us make a better placement. That means less head-aches and increased income for you.

netbranchology.com is a specialty recruiting firm that works with banks and mortgage companies across the country; Job candidates NEVER pay a fee for our services. Our fees are paid for you by our corporate clients.

...specialty recruiters for the mortgage and banking industries...

Naples     Minneapolis     Charlotte     Orlando    New Haven     St. Louis    Houston

Why you should consider a quasi-franchise with an FDIC bank?

Many experienced players in the residential mortgage banking industry are itching  for the opportunity to own their own bank and market mortgage products across the country. One of the hurdles however is that you would need a formidable chunk of net worth to ante in, say $10 million dollars.  Although owning your own bank may seem ambitious, we, at netbranchology.com  are pleased to announce that, even if you don't have a liquid net worth of $10M, it is now within the reach of experienced producers to have all of the benefits of owning your own bank with very few of the headaches. Even guys that have been in the mortgage banking business for decades don't know that you can join an existing FDIC member bank and market mortgage products by opting for what resembles a franchise. You've seen the concept before; you make an initial investment, acquire a turn-key package that facilitates your operation and then pay a fee on most transactions to the main franchisor or home office. Ask one of our recruiters about this bank opportunity. Contact Us.

In the mortgage banking industry the arrangement is quite similar except you don't need to come up with an initial investment to buy the franchise. Instead of making an investment, you demonstrate a successful track record in mortgage production to determine your suitability. Typically, you or your operation must show a consistent record of  at least $3M annual residential mortgage production. Once you satisfy the production requirement applicants must meet several other criteria. For example, you will be asked to submit a pro forma business plan which outlines your expected income and expenses. Past P and L's are a good place to start; Next, your marketing strategy will be analyzed to make sure that a significant portion of your production is purchase business. 

Once accepted you will be required to deposit approximately 2 months operating expenses into a reserve account. These funds remain your property and are used in the event that your expenses exceed your income in any given month.

Other factors to consider are; 

(1) interest rates at a bank are typically 25-50 bps higher than comparable programs at an independent mortgage firm;

(2) There is a more defined corporate chain of command;

(3)  Loan programs are more conservative than independent competitors.

(4)  Highly organized compliance department.

(5)  Rigorous report requirements.

Some of the benefits are:

(1) no state licenses for individuals are required.

(2) your office can close transactions across the country.

(3) excellent group health plan and benefit package.

(4) enhanced credibility as a bank.

(5) Increased financial soundness.

Normally the candidates that succeed with this banking program have worked for large banks before and understand the culture of a bank. 

Do you like this idea? Want to explore the details?  Contact us.

If you have a mortgage firm, whether small, medium or large, and think that your firm could thrive if you convert to this model Contact us to talk about consolidating you firm into the bank. The owner of a larger firm can be given an equity interest in the holding company when they consolidate. Do you have a  mortgage firm that you would like to convert to a bank?  Yes.

netbranchology.com is a specialty mortgage recruiting firm that works with banks and mortgage firms across the country. Job candidates NEVER pay a fee for our services. Our fees are paid for you by our corporate candidates. Our services are not available in the state of New York.

netbranchology.com  specialty recruiters for the mortgage and banking industries...

           Naples   Minneapolis    Charlotte    New Haven    St. Louis    Fort Lauderdale    Houston