Job Description

Job Summary

We are currently seeking talented Consumer Lending Underwriters with a minimum of 2 to 3 years of experience specifically in Consumer loan Underwriting.

This is a Chat based Back-office process, where the borrowers/agents would contact the analyst requesting a decision on a Consumer Loan product offered by the client

The process involves Underwriting for Secured and Unsecured loans which involves a detailed study of the borrower’s credit standing, credit worthiness and capacity to pay. A detailed investigative analysis of the borrower’s credit report along with evaluation of income would be required to take a decision on the loan.

Responsibilities

Candidates shall be responsible for rendering decisions on loan applications based on established criteria and determine risk associated with borrower based on profile and parameters.

Communicate decisions that most effectively mitigate credit risks, including data integrity and validity of information submitted.

Review borrowers credit reports to ascertain the credibility with respect to honouring payment obligations and evaluate any credit red flags like delinquencies, charge offs, or bankruptcies.

Evaluate and verify income documents like Pay stubs, W2’s, and IRS Tax return documents to determine whether borrower has the capacity to repay the loan based on a complete evaluation and verification of the borrower’s income.

Post evaluation and assessment of the degree of risk, document the reasons for approval or denial of the loan and add the documentation to the loan file.

Works under moderate supervision; acquires and applies maturing knowledge of the business, its products, and processes.

Key Responsibilities

Skill Requirements

Other Requirements