Underwriter

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