Underwriter

Arivo•West Valley, UT

14h

About The Position

The Underwriter role focuses on applying underwriting skills, deepening knowledge of Originations policies and procedures, and understanding lending compliance laws and regulations. This position requires in-depth knowledge of credit bureau information and company policies. The underwriter will be responsible for efficiently and accurately making decisions on credit applications, documenting these decisions, and adhering to all company and department policies. This role also involves participating in meetings, reviewing income documentation, taking phone calls on applications, and monitoring personal underwriting KPIs. Some tasks, such as income reviews, funding escalations, and decision escalations, will be performed with supervision from a Senior Underwriter or Management.

Requirements

In-depth knowledge of Originations Policies and SOPs
In-depth knowledge of how to utilize and find documentation
In-depth knowledge of Lending Compliance Laws and Regulations (ie., ECOA, FCRA, TILA Reg.Z, etc.)
In-depth knowledge of TransUnion and Experian credit bureaus information
In-depth knowledge of policies and SOPs (past memorization, knows a policy & the policies surrounding a policy)
Pass all required Policy Exams
Pass most recent Training Compliance Audits for the last X applications reviewed
Pass most recent Training Decision Audits for the last X applications reviewed
Pass most recent Lending Policy Audits for the last X applications reviewed
Meet or exceed Key Performance Indicator metrics for Underwriter for X Months

Nice To Haves

Everything learned in Junior Underwriter foundation

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
Continue 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
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 owned applications w/ Senior or Management supervision/review
Funding escalations on owned applications w/ Senior or Management supervision/review
Decision escalations on owned applications w/ Senior or Management supervision/review