Underwriter

TAMMAC HOLDINGS CORPORATION•Wayne, PA

2d•Onsite

About The Position

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.

Requirements

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 consumer underwriting experience
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

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.