Automobile Finance Underwriter

Partners Professional is currently seeking experienced Automobile Underwriters for an openings with our client. Our clients location is in Wayne PA. The position will be Monday through Friday onsite, 8:00-5:00 and is being offered as a temp-to-hire with a competitive hourly rate.

The selected underwriter evaluates and assesses risks associated with insurance policies, loans, investments, or other financial products to determine their eligibility for coverage or financing. They will be analyzing 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 both consumer automobile and mortgage manufactured home loans
• Utilize internal and external loan operating system to ensure accurate data entry
• Underwrite loans in accordance with investor and client guidelines, utilizing AUS or manual guidelines for several programs including FHA, FNMA, VA and UDSA Rural Development
• 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 mortgage loan documents and adverse action notices, delivering within required specified time-lines
• 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/External Sales Staff/Manufactured Housing Dealers and Realtors 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 to company procedures and file all related documentation in appropriate information and filing systems.

Required 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 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
• Must be able to work in the Wayne, PA office

Education and Experience:

• Have a minimum of 2 – 4 years lending experience in both automobile and consumer lending
• Thorough working knowledge underwriting guidelines and automated underwriting engines (DU/LP)
• Bachelor’s Degree in a related field
• Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags
• 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

If this sounds like a great opportunity for you and your next step in your career, we invite you to APPLY TODAY for resume review and consideration.