Associate / Senior Associate (Underwriting)

Company Description

Sutherland is a digital transformation company focused on delivering exceptional experiences for both customers and employees. For over 37 years, we have been entrusted with caring for our clients’ customers - a responsibility we believe we should earn every day. We are dedicated to making those experiences as delightful as possible - instantaneous, relevant, predictive and frictionless. As an early pioneer in robotic automation, we added to our core through steady investment and acquiring key capabilities. Our design capabilities marry human insight, design-thinking, and process engineering. To make these designs come to life as envisioned by our designers, we employ the latest in robotic automation, conversational AI techniques with a range of AI-ML enhanced products and cloud-based platforms.

We believe that the best relationships come from trust and value.  We call it One Sutherland.

Job Description

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.

Qualifications

• •     Proven experience as a Loan Underwriter or in a similar role, with expertise in manufactured housing loans preferred.
• •     Deep understanding of underwriting guidelines, lending regulations, and compliance requirements specific to manufactured housing.
• •     Proficiency in analyzing financial documents, including credit reports, tax returns, and income statements.
• •     Familiarity with loan origination systems, mortgage underwriting software, and document management tools.
• •     Meticulous attention to detail and the ability to accurately review and interpret complex loan documents.
• •     Strong analytical skills for evaluating creditworthiness and risk.
• •     Excellent verbal and written communication skills for clear decision-making explanations and stakeholder interactions.
• •     Ability to work independently, manage priorities effectively, and meet deadlines in a fast-paced environment.
• •     High ethical standards with a commitment to confidentiality and data privacy.

Additional Information

Basic Technical Skills

• Ability to use the computer system. - Booting and shutting down   
• Basic level familiarity of Operating System (Windows / XP)
• Usage of MS Office suite (MS Outlook)
• Knowledge of browsers (MS Edge, Google Chrome)

Soft Skills

• Typing skills of 25 words per minute with an accuracy of 80%
• Comprehension – Ability to clearly understand the problem
• Analytical & Numerical Ability – Basic mathematics skills and ability   to calculate, ability to analyze problem statements/ documents

Tools Knowledge

• • Experience in industry renowned LOS.
• • Fraudguard
• Disclaimer:
• Sutherland never requests payment or favors in exchange for job opportunities. Please report any suspicious activity immediately to TAHelpdesk@Sutherlandglobal.com