Consumer Lending Indirect Underwriter

FourLeaf Career•Bethpage, NY

4d•Hybrid

About The Position

The Consumer Lending Indirect Underwriter is responsible for evaluating consumer loan applications to determine the creditworthiness of applicants applying for financing through indirect channels or third-party vendors. This role involves analyzing financial information, credit reports, and other relevant data to make informed lending decisions, ensuring compliance with company policies, regulations, and risk management practices.

Requirements

High School Diploma or GED.
Minimum of 2 years in Consumer Underwriting, Consumer Lending, or a related field.
Strong understanding of underwriting guidelines, credit risk assessment, and lending regulations.
Strong organizational skills to manage a high volume of loan applications.
Proficient in Excel, Outlook, and Word.
Experience with LOS navigation (ARC system) and DNA.

Nice To Haves

Experience collaborating with dealers is preferable.
Lending Certified

Responsibilities

Evaluate credit reports, application information, and financial documents to determine applicants’ ability to repay, ensuring all loan decisions comply with company policies and guidelines.
Work closely with the underwriting team, sales teams, and senior management to ensure a smooth and efficient loan process.
Provide recommendations for loan approval or denial to the Loan Review Committee or Underwriting Manager when applicable.
Maintain and handle dealer relationships, ensuring effective communication and loan accuracy.
Identify potential fraud or misrepresentation in loan applications.
Communicate effectively with dealers or other third-party vendors to clarify underwriting requirements and ensure loan accuracy.
Make loan decisions, answer phones, and respond to queries within established dealer service levels.