Underwriting Supervisor - CORRESPONDENT AGENCY MANILA

Location: Metro Manila, National Capital Region, Philippines

Job Family: Underwriting

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong presence in the Asia-Pacific region, including our innovative operations in Manila. The Underwriting Supervisor - Correspondent Agency role is pivotal in our Mortgage Banking division, where you will lead a team responsible for underwriting correspondent agency loans. This position ensures that all lending activities comply with stringent agency standards from entities like Fannie Mae and Freddie Mac, while aligning with JP Morgan Chase's commitment to responsible lending and risk management. Based in Metro Manila, you will contribute to our global network by processing high-volume mortgage applications from correspondent partners, driving efficiency, and maintaining the highest levels of accuracy and compliance in a dynamic financial services environment. As Underwriting Supervisor, you will oversee daily operations, mentor junior underwriters, and implement best practices to enhance decision-making processes. Your role involves conducting thorough reviews of loan files, assessing creditworthiness, and ensuring adherence to both local Philippine regulations and international guidelines. You will collaborate closely with cross-functional teams to identify potential risks, optimize workflows, and support business growth in the correspondent lending space. This position demands a proactive approach to staying abreast of industry changes, leveraging technology for automation, and fostering a culture of excellence within your team. Joining JP Morgan Chase means becoming part of a world-class institution that values innovation, integrity, and inclusion. We offer unparalleled opportunities for career advancement, robust professional development, and a supportive work culture that empowers you to make an impact. If you have a passion for financial underwriting and leadership in the mortgage sector, this role provides the platform to excel in a globally connected financial powerhouse.

Key Responsibilities

• Lead and supervise a team of underwriters in processing correspondent agency mortgage applications, ensuring adherence to JP Morgan Chase's underwriting guidelines and agency standards
• Oversee the evaluation of loan files for credit risk, collateral, and compliance with Fannie Mae, Freddie Mac, and other agency requirements
• Monitor and ensure the accuracy and completeness of underwriting decisions, providing guidance and training to team members
• Collaborate with sales, operations, and compliance teams to streamline processes and mitigate risks in the lending pipeline
• Conduct quality control reviews of underwriting outputs to maintain high standards and reduce error rates
• Stay updated on evolving regulatory changes in the Philippine financial sector and global agency lending practices, implementing necessary updates
• Manage workload distribution and performance metrics for the team to meet service level agreements
• Prepare reports on underwriting performance, portfolio risks, and compliance metrics for senior management
• Foster a culture of continuous improvement by identifying inefficiencies and recommending technology-driven solutions
• Handle escalations and complex underwriting cases, ensuring timely resolutions while upholding ethical standards

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Economics, or a related field
• Minimum of 5 years of experience in underwriting, preferably in mortgage or correspondent lending within the financial services industry
• Proven leadership experience in supervising underwriting teams and processes
• In-depth knowledge of regulatory compliance standards, including those from Fannie Mae, Freddie Mac, and local Philippine financial regulations
• Strong understanding of credit risk assessment and agency lending guidelines
• Excellent proficiency in English, both written and verbal, for international correspondence
• Ability to work in a fast-paced, high-volume environment with attention to detail

Preferred Qualifications

• Advanced degree or certification such as CFA, CPA, or Certified Mortgage Underwriter (CMU)
• Experience in correspondent agency operations, specifically with JP Morgan Chase or similar global banks
• Familiarity with automated underwriting systems and mortgage origination software
• Prior exposure to international financial markets and cross-border lending practices
• Demonstrated success in process improvement initiatives within underwriting workflows

Required Skills

• Expertise in credit analysis and risk assessment
• Proficiency in mortgage underwriting software (e.g., DU, LP)
• Strong leadership and team management abilities
• Excellent analytical and problem-solving skills
• In-depth knowledge of financial regulations and compliance
• Advanced Microsoft Excel and data analysis tools
• Effective communication and stakeholder management
• Attention to detail and accuracy in high-pressure environments
• Project management and process optimization
• Adaptability to regulatory changes
• Interpersonal skills for team motivation and collaboration
• Technical proficiency in loan origination systems
• Risk mitigation and decision-making under uncertainty
• Time management for meeting deadlines
• Ethical judgment in financial decision-making

Benefits

• Competitive base salary with performance-based bonuses aligned to JP Morgan Chase's global compensation structure
• Comprehensive health, dental, and vision insurance coverage for employees and dependents
• Retirement savings plan with employer matching contributions
• Paid time off including vacation, sick leave, and parental leave policies
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee wellness programs, including gym memberships and mental health support
• Flexible work arrangements, including hybrid options in Metro Manila
• Access to JP Morgan's global employee stock purchase plan and financial planning services

JP Morgan Chase is an equal opportunity employer.