Underwriter
About The Position
Underwriter Focus: Put underwriting skills to use, hone the craft, build in depth knowledge of Originations Have in depth knowledge in: Everything learned in Junior Underwriter foundation Originations Policies and SOPs, How to utilize and find documentation Lending Compliance Laws and Regulations (ie., ECOA, FCRA, TILA Reg.Z, etc.) TransUnion and Experian credit bureaus information In depth knowledge of policies and SOPs (past memorization, knows a policy & the policies surrounding a policy) What is expected of you to do : Comply with lending laws/regulations (ie., ECOA, FCRA, TILA Reg.Z, etc.) Adhere to all company, department, and Origination’s Lending policies Escalate Policy and SOP questions using Escalation Process to ensure alignment Continue alignment with Department Goals, KPIs, Policies and SOPs Underwrite and decision Credit Applications efficiently and accurately Work as many applications as possible per day to progress towards personal role advancement Make detailed decision notes (link to SOP) on every application and save them in Norman Expected to come prepared and participate actively in all meetings and/or forums Review submitted income on owned applications Take phone calls on owned applications Monitor personal Underwriting KPIs (Key Performance Indicators) Builds and delivers their personal weekly key performance indicators recaps for management What is expected of you to do only w/ supervision by Senior Underwriter or Management: Income reviews on owned applications w/ Senior or Management supervision/review Funding escalations on owned applications w/ Senior or Management supervision/review Decision escalations on owned applications w/ Senior or Management supervision/review Role Advancement Requirements: Pass all required Policy Exams “Passing” score is outlined in the Policy Exams Program (LINK) Pass most recent Training Compliance Audits for the last X applications reviewed “Passing” score & number of applications is outlined in the Training and Compliance Program (LINK) Passed most recent Training Decision Audits for the last X applications reviewed “Passing” score & number of applications is outlined in the Policy audits & decision audits Program (LINK) Passed most recent Lending Policy Audits for the last X applications reviewed “Passing” score & number of applications is outlined in the Policy audits & decision audits Program (LINK) Meet or exceed Key Performance Indicator metrics for Underwriter for X Months
Requirements
- Everything learned in Junior Underwriter foundation
- Originations Policies and SOPs, How to utilize and find documentation
- Lending Compliance Laws and Regulations (ie., ECOA, FCRA, TILA Reg.Z, etc.)
- TransUnion and Experian credit bureaus information
- In depth knowledge of policies and SOPs (past memorization, knows a policy & the policies surrounding a policy)
- Pass all required Policy Exams “Passing” score is outlined in the Policy Exams Program (LINK)
- Pass most recent Training Compliance Audits for the last X applications reviewed “Passing” score & number of applications is outlined in the Training and Compliance Program (LINK)
- Passed most recent Training Decision Audits for the last X applications reviewed “Passing” score & number of applications is outlined in the Policy audits & decision audits Program (LINK)
- Passed most recent Lending Policy Audits for the last X applications reviewed “Passing” score & number of applications is outlined in the Policy audits & decision audits Program (LINK)
- Meet or exceed Key Performance Indicator metrics for Underwriter for X Months
Responsibilities
- Comply with lending laws/regulations (ie., ECOA, FCRA, TILA Reg.Z, etc.)
- Adhere to all company, department, and Origination’s Lending policies
- Escalate Policy and SOP questions using Escalation Process to ensure alignment
- Continue alignment with Department Goals, KPIs, Policies and SOPs
- Underwrite and decision Credit Applications efficiently and accurately
- Work as many applications as possible per day to progress towards personal role advancement
- Make detailed decision notes (link to SOP) on every application and save them in Norman
- Expected to come prepared and participate actively in all meetings and/or forums
- Review submitted income on owned applications
- Take phone calls on owned applications
- Monitor personal Underwriting KPIs (Key Performance Indicators)
- Builds and delivers their personal weekly key performance indicators recaps for management
- Income reviews on owned applications w/ Senior or Management supervision/review
- Funding escalations on owned applications w/ Senior or Management supervision/review
- Decision escalations on owned applications w/ Senior or Management supervision/review
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
