Underwriter
Focus: Put underwriting skills to use, hone the craft, build in depth knowledge of Originations
Have in depth knowledge in:
- Everything learned in Junior Underwriter foundation
- 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
- In depth knowledge of policies and SOPs (past memorization, knows a policy & the policies surrounding a policy)
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
- 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
- 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
What is expected of you to do only w/ supervision by Senior Underwriter or 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
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