Underwriter

autoMHatic Financial; Wayne (PA); On-site; USD 39,778 - 56,653; Full time

Benefits offered by this job

Dental Insurance

Health Insurance

Life Insurance

Paid time off

Vision Insurance

401K

Job summary

autoMHatic Financial in Wayne, PA, is seeking an Underwriter to assess risks associated with loan applications. The ideal candidate will evaluate financial information, make informed decisions, and ensure compliance with relevant regulations.

The position requires excellent analytical skills and a solid understanding of loan underwriting guidelines. Candidates should be prepared to work full-time, Monday to Friday, with the possibility of one Saturday per month, and enjoy benefits including health and dental insurance, paid time off, and a 401K plan.

Qualifications

• Experience in underwriting or loan processing is preferred.
• Strong analytical skills and attention to detail.
• Ability to work under pressure and meet deadlines.

Responsibilities

• Evaluate loan applications and assess risks.
• Underwrite loans according to established guidelines.
• Provide guidance to applicants regarding their loan decisions.

Skills

Risk assessment

Data analysis

Knowledge of financial regulations

Customer service skills

Job description

Overview

Job Title: Underwriter

Location: Wayne, PA

Pay: $35.00 per hour (non-exempt – hourly)

Summary

An underwriter evaluates and assesses risks associated with loans to determine eligibility for 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 and processes loan applications for manufactured home loans
• Utilize internal and external loan operating systems to ensure accurate data entry
• Underwrite loans in accordance with established guidelines
• 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 by reviewing pay stubs, W-2s, and/or tax returns as necessary
• Identify and clear red flags or alerts
• Issue loan decisions and condition files accordingly
• Review and approve conditions for compliance and completion of loan files
• Coordinate and prepare loan documents and adverse action notices, delivering within required timelines
• Resolve pre- and post-closing issues related to underwriting
• Provide counseling to applicants regarding their loan decision in a timely manner within company standards
• Assist processors, sales staff, and partners 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 related documentation in appropriate information and filing systems

Schedule

• Monday to Friday with at least one Saturday a month
• 8 hours per day
• Work shift will vary and may start later; scheduling determined by supervisor

Benefits

• Dental Insurance
• Health Insurance
• Life Insurance
• Paid time off
• Vision Insurance
• 401K

Work Location

• In person at office in Wayne, PA – this is NOT a hybrid or remote role