Underwriter

Job Title: Underwriter

Location: Wayne, PA

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

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 50 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 manufactured home loans
• Utilize internal and external loan operating system 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 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 loan documents and adverse action notices, delivering within required specified timelines
• 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, 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 all related documentation in appropriate information and filing systems.
  
  

Schedule

• Monday to Friday with at least one Saturday a month.
• 8 hours per day/day shift
• Work Shift will vary and require later shift starts. This will be determined by your 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.