Loan Underwriter - Manufactured Housing

Arizona, Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Michigan, Missouri, Montana, Nebraska, Nevada, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, and WisconsinFull-TimeMiddle
Salary not disclosed
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Job Details

Requirements

  • Previous experience as a loan underwriter or in a similar role, preferably with expertise in manufactured housing loans
  • Strong knowledge of underwriting guidelines, lending regulations, and compliance requirements specific to manufactured housing loans
  • Proficient in analyzing financial statements, credit reports, tax returns, and other relevant financial documents
  • Familiarity with loan origination software, mortgage underwriting systems, and document management platforms
  • Adaptable to multiple/new technology systems and process change
  • Learner mindset with ability to receive and implement feedback
  • Excellent attention to detail and ability to review and interpret complex loan documents accurately
  • Strong analytical and problem-solving skills to assess creditworthiness and evaluate risk
  • Effective communication skills to convey lending decisions and collaborate with loan officers, processors, and other stakeholders
  • Ability to work independently in a fast-paced environment and prioritize workload to meet deadlines
  • High ethical standards and commitment to maintaining confidentiality and data privacy

Responsibilities

  • Review loan applications and supporting documentation for manufactured housing loans, including income verification, credit reports, and property valuations.
  • Assess the creditworthiness of borrowers by analyzing financial statements, tax returns, employment history, and other relevant information.
  • Evaluate loan-to-value ratios, debt-to-income ratios, and other key financial indicators to determine loan feasibility.
  • Analyze manufactured housing market trends and property valuations to determine appropriate loan amounts and loan terms.
  • Ensure compliance with lending regulations, internal policies, and underwriting guidelines.
  • Collaborate with loan officers, Fulfillment support staff, processors, and other team members to gather necessary information and address any application deficiencies or documentation gaps.
  • Conduct thorough risk assessments to identify potential red flags or fraudulent activities.
  • Prepare loan underwriting summaries, including recommended loan structures, risk mitigation strategies, and rationales for decision-making.
  • Communicate lending decisions and provide clear explanations to loan officers, Fulfillment support staff, processors, and other stakeholders.
  • Stay updated on industry best practices, regulatory changes, and market trends related to manufactured housing financing.
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