Associate / Senior Associate (Underwriting)

We are seeking a skilled and detail-oriented Loan Underwriter to join our lending team specializing in manufactured housing chattel loans. As an Underwriter, they will play a pivotal role in evaluating loan applications and assessing the creditworthiness of borrowers seeking financing for manufactured homes. Their expertise in analyzing financial documents, assessing risk, and ensuring regulatory compliance. 

Desired Mentality:
1.) Passionate about improving consumer outcomes and addressing the affordable housing crisis.
2.) A critical thinker with a collaborative mindset, committed to excellence and innovation in lending.

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 debt-to-income ratios and other key financial indicators to determine loan feasibility.
•     Ensure compliance with lending regulations, internal policies, and underwriting guidelines.
•     Collaborate with loan officers, 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, processors, and other stakeholders.
•     Stay updated on industry best practices, regulatory changes, and market trends related to manufactured housing financing.