Underwriting Manager, AVP - autoMHatic Financial

Wayne, PA

About the Job

Job Description – Head of Operations/Underwriting, AVP
Effective Date: May 2024
Job Title: Underwriting Manager, AVP
Reports to: CPO/COO
Location: Wayne, PA (in-office role)
Salary Range: $95,000 - $115,00

Join the Vanguard of Financial Innovation with autoMHatic Financial!
Backed by Private Equity (PE), autoMHatic Financial is leading the charge in revolutionizing the specialty lending industry of Manufactured Home loans. Formerly known as Tammac Holdings Corporation, our legacy spans over 40 years, during which we've proudly originated over $1.3 Billion in loans.

But that's just the beginning of our story. We're embarking on an exciting transformation, ushering in a new era of financial services. Our focus? Launching innovative products, streamlining processes through automation, and harnessing the power of technology to redefine speed, service, and solutions for our valued customers.

At autoMHatic Financial, we're pioneers in our field. With instant loan decisions and a cutting-edge mobile app, we're not just adapting to change—we're driving it. Our goal? To dominate the Manufactured Homes lending space and set new standards of excellence.
Ready to be part of something extraordinary? Join us as we shape the future of finance, one innovative solution at a time. Explore our exciting career opportunities today! #autoMHaticFinancial #NowHiring

Summary:
The Underwriting Manager plays a pivotal role in ensuring the smooth operation of the underwriting process for manufactured housing. This position involves overseeing a team of underwriters, guiding them through the review and analysis of loan applications, third-party reports, and ensuring compliance with lending regulations. The ideal candidate will exhibit a strong sense of urgency, excel in team environments, and possess exceptional organizational, analytical, communication, and PC skills.

Responsibilities:

Supervise and lead a team of underwriters responsible for reviewing and analyzing loan applications for residential, consumer, and mortgage loans related to manufactured housing.
Oversee the review of third-party reports such as credit reports and appraisals to assess borrower risk and loan viability.
Serve as the Company’s QI for the Underwriting Department which includes reference review, 5 years of experience in underwriting of residential mortgage loans or similar lending and credit evaluation.
Must have NMLS or be able to secure within the first 30-days
Collaborate closely with Regional and District Sales Managers to address outstanding loan conditions and ensure timely processing of loan files.
Manage the underwriting process to clear files for closing within specified timelines while maintaining compliance with all applicable lending regulations.
Provide guidance, support, and training to underwriters to enhance their skills and performance.
Develop and implement underwriting policies, procedures, and best practices to improve efficiency and mitigate risk.
Serve as a subject matter expert on underwriting guidelines, lending regulations, and industry trends.
Participate in the recruitment and selection process to ensure the organization has the necessary talent to accomplish business goals.
Liaise with internal stakeholders, including Management, Loan Officers, Loan Processors, and Compliance Officers, to resolve complex underwriting issues.
Provide leadership and advice to division staff in regard to underwriting risks.
Proven leadership capabilities with a sound influence in dealing with challenging situations.
Independent decision maker - takes full responsibility for making decisions and consequences associated with decisions.
Recognized as a leader within the organization that provides advice and guidance to others.
Train and coach the underwriting team through micro-sessions focusing on continuous improvement.

Qualifications:

Bachelor's degree in Finance, Business Administration, or a related field preferred.
Minimum of 7-10 years of experience in underwriting residential, consumer, or mortgage loans, with at least 5-7 years in a supervisory or managerial role.
Strong knowledge of underwriting principles, guidelines, and practices, particularly in the context of manufactured housing loans.
Demonstrated ability to interpret and analyze financial documents, credit reports, and appraisals.
Excellent communication skills, both verbal and written, with the ability to convey complex information clearly and concisely.
Ability to function in a high-paced environment and work as part of a dynamic and productive team
Proficiency in using PC applications, including Microsoft Office Suite and underwriting software.
Strong organizational skills with the ability to prioritize tasks and manage multiple deadlines effectively.
Detail-oriented with a commitment to accuracy and compliance.
Maintain professional attitude and behaviors.

Benefits:
Joining autoMHatic Financial comes with a range of benefits designed to enhance your work-life balance and foster a rewarding work environment. As a member of our team, you can expect to benefit from:

Competitive Pay: We offer competitive compensation packages to recognize and reward your valuable contributions. Including, comprehensive benefits, such as healthcare, dental and vision insurance, and 401K.
Generous Paid Time Off (PTO): Take the time you need to recharge and pursue your passions outside of work with our comprehensive PTO package.
Team Events: From team-building activities to fun social events, we believe in fostering a strong sense of camaraderie through regular events that bring our team together.
Fully Stocked Kitchen: Enjoy a variety of snacks, beverages, and refreshments available in our fully stocked kitchen, ensuring you stay energized and refreshed throughout the day.
Culture: Immerse yourself in a diverse, inclusive culture where innovation, collaboration, and creativity thrive, offering endless opportunities for growth and development.

Physical Requirements:

Prolonged periods of sitting at a desk and working on a computer.
Must be able to lift up to 10 pounds at times.

This job description outlines the primary responsibilities and qualifications for the Underwriter Manager, AVP position. Candidates meeting these criteria and demonstrating a passion for underwriting excellence and team leadership are encouraged to apply. Resumes can be sent to tgolla@automhatic.com.

Source : autoMHatic Financial