Underwriter
Wayne PA 19087
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, Client, VA and UDSA Rural Development
- Maintain a solid understanding of all relevant state and federal laws and regulation
- 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
- 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
EDUCATION AND EXPERIENCE:
- Have a minimum of 2 – 4 years lending experience in both mortgage and consumer lending
- Bachelor's Degree in a related field
We are an equal opportunity employer, and we are an organization that values diversity. We welcome applications from all qualified candidates, including minorities and person with disabilities.
req24-01089
