Retail Underwriter
About The Position
Position Overview: : The Retail Underwriter is responsible for analyzing and monitoring the creditworthiness of assigned commercial accounts and recommending and approving credit within established guidelines and policies. What You Will Do: Execute complete cycle for credit underwriting process for consumer loans Ensure regulatory compliance across consumer banking Identify and document key risks and control indicators Complete a full analysis of consumer credit reports, income sources, and other supplemental documentation while serving as a subject matter expert (SME) for any inquiries on creditworthiness and loan decisions Execute accurate calculations for retail lending rations Review loan files and documents required before closing Adhere to Vibrant's underwriting matrix and risk philosophy and identify and track any exceptions to the matrix and/or policy Leverage loan origination system for additional data to assist in providing decisions to applicant Provides recommendations on product and program enhancements by serving as SME Review underwriting standards and documentation requirements for potential third party partners. Update, manage, and complete administrative duties within all loan management portals Review and complete timely reporting of covenants and other requirements for consumer loan tracking and monitoring Ensures the completion and documentation of periodic loan reviews and can facilitate and monitor external loan review channels Monthly review for select third party loan programs Daily review for select third party loan programs
Requirements
- Four-year degree or at a minimum three years of proven experience in underwriting
- Working knowledge of lending policies, regulations, and compliance
- Working knowledge of spreading, analyzing, and interpreting various financial and credit documents accurately
- Working knowledge of tax returns and financials
- Working knowledge of retail loan origination systems
Responsibilities
- Execute complete cycle for credit underwriting process for consumer loans
- Ensure regulatory compliance across consumer banking
- Identify and document key risks and control indicators
- Complete a full analysis of consumer credit reports, income sources, and other supplemental documentation while serving as a subject matter expert (SME) for any inquiries on creditworthiness and loan decisions
- Execute accurate calculations for retail lending rations
- Review loan files and documents required before closing
- Adhere to Vibrant's underwriting matrix and risk philosophy and identify and track any exceptions to the matrix and/or policy
- Leverage loan origination system for additional data to assist in providing decisions to applicant
- Provides recommendations on product and program enhancements by serving as SME
- Review underwriting standards and documentation requirements for potential third party partners.
- Update, manage, and complete administrative duties within all loan management portals
- Review and complete timely reporting of covenants and other requirements for consumer loan tracking and monitoring
- Ensures the completion and documentation of periodic loan reviews and can facilitate and monitor external loan review channels
- Monthly review for select third party loan programs
- Daily review for select third party loan programs
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
251-500 employees
