Underwriter - Manufactured Housing Loans
Z
ZippyFinTech
United StatesFull-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 is preferred
- 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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