Direct Consumer Lending Specialist

U.S. Bancorp India; Chennai District; On-site; INR 550,000 - 900,000; Full time

Job summary

U.S. Bancorp India is seeking a detail-oriented Loan Analyst to verify loan analyses and take ownership of loan pipelines from intake to approval.

The role requires reviewing documents for completeness, initiating follow-ups for missing items, and ensuring adherence to underwriting guidelines and compliance. Strong communication and organizational skills are essential as you coordinate with onshore teams, manage expectations, and provide updates on next steps.

Qualifications

• Attention to detail and accuracy are essential.
• Familiarity with income, credit, and asset documentation.
• Ability to navigate multiple software applications concurrently.
• Strong communication and organizational skills.
• Basic understanding of Home Equity lending process.
• Basic understanding of foundational lending compliance and regulations requirements.

Responsibilities

• Perform loan analysis verification and own outbound pipeline responsibilities to move loans through the approval process.
• Take ownership of inbound files and perform reviews for completeness.
• Issue Notice of Incomplete to obtain required documents to progress verifications.
• Maintain high customer service and pipeline management to meet production goals.
• Review loan file and application for accuracy and completeness.
• Escalate issues by engaging with onshore DCLS when needed.
• Review and notate documentation to underwriting for review.
• Provide updates on loans in process, including requirements and next steps to Fulfillment team or management.
• Performs other duties as needed.
• Ensure compliance with the U.S. Bank Code of Ethics and AML/BA rules; participate in required training.

Skills

Attention to detail

Familiarity with income, credit, and资产

Tools

Multiple software applications

Job description

At U.S. Bancorp India, we are on a journey to do our best. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bancorp India gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

• 1.This position is responsible for performing loan analysis verification activities and outbound pipeline ownership. Provides overall problem resolution for operational issues and has a clear understanding of all required stipulations to efficiently move loans through the loan approval process.
• 2. Takes ownership of inbound files and performs necessary file reviews to ensure file completion.
• 3. Initiates Notice of Incomplete, if needed, to obtain required, outstanding documents (e.g., paystubs, tax returns, divorce decrees, homeowners insurance, financial statements, etc.) necessary to progress the loan forward and complete verifications.
• 4. Maintains a high level of customer service and pipeline management to ensure production goals are met.
• 5. Reviews the loan file and application for accuracy and completeness.
• 6. Escalates issues or problems if unable to resolve, by engaging with the onshore DCLS.
• 7. Reviews and notates documentation to underwriting for review.
• 8. Delivers answers on loans in process, processes, underwriting guidelines, documentation and next steps to broader Fulfillment team or management as needed.
• 9. May perform other duties as needed or assigned.
• 10. Actively ensures compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures. Actively participates in any required corporate and business line training in these areas. Under minimal supervision review customer documentation and make approval decisions on moderately complex accounts.

Skills

Must have:

• Attention to detail & accuracy
• Familiarity with income, credit, and asset documentation
• Ability to navigate multiple software applications at a time.
• Strong communication and organizational skills
• Basic understanding of the Home Equity lending process
• Basic understanding of foundational lending compliance and regulations requirements

Nice to have:

• Knowledge of Home Equity products
• Knowledge of underwriting guidelines
• Understanding of complex tax documentation, including that for self-employed borrowers

Work Mode:

WFO

Shift Timings

1:30 PM to 10:30 PM

Location:

Chennai

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants -https://careers.usbank.com/global/en/disability-accommodations-for-applicants.

Posting may be closed earlier due to high volume of applicants.

This is an U.S. Bancorp India posting. U.S. Bancorp India is a part of the U.S. Bank family.