About this role
Senior Underwriter
Focus: Put expert knowledge of Originations and Underwriting to use and support the team.
Have expert knowledge in:
• Underwriter role and Originations Process/Policies • 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
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 • Deep 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 any applications • Funding escalations on any applications • Decision escalations on any applications • Work With Management to support department’s Projects and Programs • (ie., help with: training, audits, reports, etc.)
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
Pay Range:
$28.00/hour - $31.00/hour