Job Description

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:

$28.00hour - $31.00hour