Underwriter, Finance & Banking

Job Details

• Position:
  Underwriter
• Location:
  
  Wayne, PA 19087
• Position Type:
  Full Time
• Travel:
  None
• Shift: Day
• Category:
  Admin - Clerical
• Pay: $35.00 per hour (non‑exempt – hourly)

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.

• Receives and processes loan applications for manufactured home loans
• Utilizes internal and external loan operating system to ensure accurate data entry
• Underwrites loans in accordance with established guidelines
• Maintains a solid understanding of all relevant state and federal laws and regulations
• Maintains current knowledge of client and investor requirements
• Performs complete and in‑depth review of loan files including income, assets, credit and collateral
• Calculates debt to income ratio by reviewing paystubs, W2’s and/or tax returns as necessary
• Identifies and/or clears red flag or alerts
• Issues loan decision and condition file accordingly
• Reviews and approves conditions for compliance and completion of loan file
• Coordinates and prepares loan documents and adverse action notices, delivering within required timelines
• Resolves pre‑ and post‑closing issues related to underwriting
• Provides counseling to applicants regarding loan decision in a timely manner within company standards and guidelines
• Assists processors, sales staff, and partners in understanding underwriting decisions and conditions
• Provides outstanding customer service to internal and external clients
• Complies with updates and changes to loan programs and procedures
• Maintains all records in accordance with company procedures and files all related documentation in appropriate information and filing systems

• Monday to Friday with at least one Saturday a month
• 8 hours per day (day shift); work shift may vary and require later shift starts as determined by supervisor

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

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

• Skills & Abilities
  • 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 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, and Outlook
• Experience
  • Minimum 2–4 years of consumer underwriting experience
  • Strong knowledge of income calculations, tax returns, credit reports, and red‑flag identification
  • Basic appraisal knowledge and ability to recognize red flags and ineligible properties
  • Ability to review legal documentation, title reports, insurance policies, and flood certificates
  • Proficient in Microsoft Word and Excel, and ability to develop knowledge of other programs and systems
  • Ability to identify problems and develop procedures to resolve or correct situations
• Physical Requirements
  • Prolonged periods of sitting at a desk and working on a computer
  • Must be able to lift up to 15 pounds at times