TITLE: CONSUMER UNDERWRITER
PURPOSE AND DISTINGUISHING CHARACTERISTICS
Candidates in this job are responsible for assessing the overall
credit risk of loan transactions by thorough analysis of all loan
components for consumer loan applications. Components include:
credit report, all sources of income, analyzing the bank
statements, ach bank information, type of loan program, FICO score,
CDS score, residual income and fraud detail reports.
* Medical, Dental and Vision coverage-Employee cost paid for by
* 401K with generous employer match
* 9 paid Holidays
+ Review all loan components in the consumer loan application to
include but not limited to completeness, accuracy and integrity
while ensuring that documents are consistent and uphold to Company
and industry guidelines. (i.e. qualifying income used is supported
by documentation provided.)
+ Examine transaction to ensure compliance with all LoanMe
consumer loan policies.
+ Implement and enforce fraud detection techniques. Request
supplemental information/documentation as necessity dictates. Also,
forwarding files to the fraud que for review when necessary.
+ Underwrite loan application within limits of credit authority
based on capability to underwrite transactions involving varying
levels of complexity and risk-Acquire a 2nd level underwriter when
+ Recognize risk factors that may compromise the overall quality
of the application request.
+ Execute prudent loan decisions and review loan conditions in a
+ On average underwrite and disposition 50 consumer loans
applications per day.
+ Every file must be reviewed to completion on the initial
review, (application, credit, faxes, call logs & all calculations)
no matter the decision, unless an incomplete application was
+ Recognize types of documentation required for varying or
unique circumstances. (e.g. Self-Employed borrowers, derogatory
credit and non-traditional income sources, etc.)
+ Effectively communicate an engage proactively with loan
agents, funders and servicing/collections in regards to loan
decisions, assignment of loan conditions and possible loan
+ Each underwriter is to uphold exceptional customer
+ Be available as a consultant to the loan agents to field
questions pertaining to new and/or hypothetical loan scenario,
underwriting guidelines and documentation requirements.
+ Strong computer skills; Proficient with Microsoft Word, Excel,
Power Point, Outlook
+ 2+ years of experience in consumer loan industry
EQUAL OPPORTUNITY EMPLOYER
Loan Me is proud to be an Equal Employment Opportunity employer.
It is our intent to maintain a work environment which is free of
harassment, discrimination and retaliation due to age, race
religious creed, color, national origin, ancestry, physical
disability, mental disability, medical condition, genetic
information, marital status, sex (including pregnancy, childbirth,
breastfeeding and/or related medical conditions), gender, gender
identity, gender expression, sexual orientation, military or
veteran status, or any other status protected by federal, state or
local laws. Should you require assistance or an accommodation due
to a disability, you may contact us at 949-535-7100.
Division: CONSUMER DIVISION [CONSU]
External Company Name: LoanMe, Inc.
External Company URL: https://www.loanme.com/
Street: 1900 S. State College Blvd