Senior Underwriter
About The Position
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 Join the Arivo Team Arivo is transforming the auto lending industry by investing in our brilliant team and creating a culture that promotes growth and innovation. We want you to grow with us. FAST GROWING COMPANY Arivo is growing at an amazing rate. It’s important that our employees have room for growth as well. When you work at Arivo, you will have opportunities to tap into your own potential and advance in your career. GREAT COLLEAGUES At Arivo, we welcome people who thrive on challenge, find fulfillment in their work, and work collaboratively across the board. We also strive to provide a diverse, transparent, and trusting environment where each individual’s contributions are valued. If you are having any issues with applying please reach out to our recruiting team at [email protected]. Thank you for your patience!
Requirements
- Expert knowledge of Originations and Underwriting
- 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
- 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
Responsibilities
- 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.)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
