Underwriter (Wayne, PA)

Job Title : Underwriter

Location : Wayne, PA

Pay : $28.85 - $36.35 per hour (based on experience)

Join an Innovative Manufactured Home Lender Revolutionizing the Industry!?

autoMHatic Financial is a private equity-backed lender specializing in Manufactured Home loans. Formerly known as Tammac Holdings, we've originated over $1 billion in loans over 40 years. We're innovators - launching groundbreaking products and leveraging technology to bring speed, service, and solutions to our customers and partners, including a loan decision within a minute! Our goal is to revolutionize the Manufactured Housing industry.?

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 timelines
• Resolve pre- and post-closing issues as they relate to underwriting
• 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 with company procedures and file all related documentation in appropriate information and filing systems.

Required Skills / Abilities :

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Department : Operations

This is a non-management position

This is a full time position