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Underwriter (Wayne, PA)
Join the Vanguard of Financial Innovation with autoMHatic Financial!
Backed by Private Equity (PE), autoMHatic Financial is leading the charge in revolutionizing the specialty lending industry of Manufactured Home loans. Formerly known as Tammac Holdings Corporation, our legacy spans over 40 years, during which we've proudly originated over $1.3 Billion in loans.
But that's just the beginning of our story. We're embarking on an exciting transformation, ushering in a new era of financial services. Our focus? Launching innovative products, streamlining processes through automation, and harnessing the power of technology to redefine speed, service, and solutions for our valued customers.
At autoMHatic Financial, we're pioneers in our field. With instant loan decisions and a cutting-edge mobile app, we're not just adapting to change—we're driving it. Our goal? To dominate the Manufactured Homes lending space and set new standards of excellence.
Ready to be part of something extraordinary? Join us as we shape the future of finance, one innovative solution at a time. Explore our exciting career opportunities today! #autoMHaticFinancial #NowHiring
Summary:
An underwriter evaluates and assesses risks associated with insurance policies, loans, investments, or other financial products to determine their eligibility for coverage or financing. They analyze data, financial statements, and other relevant information to make informed decisions that align with company policies and regulatory requirements.
Duties/Responsibilities:
Required Skills/Abilities:
Backed by Private Equity (PE), autoMHatic Financial is leading the charge in revolutionizing the specialty lending industry of Manufactured Home loans. Formerly known as Tammac Holdings Corporation, our legacy spans over 40 years, during which we've proudly originated over $1.3 Billion in loans.
But that's just the beginning of our story. We're embarking on an exciting transformation, ushering in a new era of financial services. Our focus? Launching innovative products, streamlining processes through automation, and harnessing the power of technology to redefine speed, service, and solutions for our valued customers.
At autoMHatic Financial, we're pioneers in our field. With instant loan decisions and a cutting-edge mobile app, we're not just adapting to change—we're driving it. Our goal? To dominate the Manufactured Homes lending space and set new standards of excellence.
Ready to be part of something extraordinary? Join us as we shape the future of finance, one innovative solution at a time. Explore our exciting career opportunities today! #autoMHaticFinancial #NowHiring
Summary:
An underwriter evaluates and assesses risks associated with insurance policies, loans, investments, or other financial products to determine their eligibility for coverage or financing. They analyze data, financial statements, and other relevant information to make informed decisions that align with company policies and regulatory requirements.
Duties/Responsibilities:
- Receives & processes loan applications for both consumer and mortgage manufactured home loans
- Utilize internal and external loan operating system to ensure accurate data entry
- Underwrite loans in accordance with investor and client guidelines; utilizing AUS or manual guidelines for several programs including FHA, FNMA, VA and UDSA Rural Development
- Maintain a solid understanding of all relevant state and federal laws and regulations
- Maintain current knowledge of client and investor requirements
- Perform complete and in-depth review of loan files including; income, assets, credit and collateral
- Calculate debt to income ratio calculations by reviewing paystubs, W2’s and/or tax returns as necessary
- Ability to identify and/or clear red flag or alerts
- Issue loan decision and condition file accordingly
- Review and approve conditions for compliance and completion of loan file
- Coordinates and prepares mortgage loan documents and adverse action notices, delivering within required specified time-lines
- Resolve pre and post-closing issues as they relate to underwriting
- Provide counseling to applicants regarding their loan decision in a timely manner within company standards and guidelines.
- Assist Processors/External Sales Staff/Manufactured Housing Dealers and Realtors in understanding underwriting decisions and conditions
- Provide outstanding customer service to internal and external clients
- Comply with updates and changes to loan programs and procedures
- Maintain all records in accordance to company procedures and file all related documentation in appropriate information and filing systems.
Required Skills/Abilities:
- Ability to work independently and problem solve
- Professional attitude and behavior
- Effective verbal and written communication skills
- Excellent interpersonal and customer service skills
- Strong organizational skills and attention to detail
- Excellent time management skills with an ability to prioritize tasks to meet deadlines
- Ability to function in a high-paced environment and work as part of a dynamic and productive team
- Good analytical skills
- Proficient with Word, Excel, & Outlook
- Have a minimum of 2 – 4 years lending experience in both mortgage and consumer lending
- Thorough working knowledge of FHA, UDSA, VA, Fannie Mae and Freddie Mac underwriting guidelines and automated underwriting engines (DU/LP)
- Bachelor’s Degree in a related field
- Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flag,
- Basic knowledge of appraisal and ability to recognize red flags and ineligible properties
- Ability to review legal documentation, title reports, insurance policies, flood certificates
- Experience in Microsoft Word and Excel, as well as the ability to develop a working knowledge of other programs and systems
- Ability to identify problems and develop procedures to resolve or correct situations
- Prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift up to 15 pounds at times
- Monday to Friday
- 8 hours per day/day shift
- Dental Insurance
- Health Insurance
- Life Insurance
- Paid time off
- Vision Insurance
- 401K
- In person at office in Wayne, PA
Department: Operations
This is a non-management position
This is a full time position