Consumer Loan Underwriter

Kavaliro; Gaithersburg (MD); Remote; USD 47,000 - 51,000; Full time

Job summary

Kavaliro is seeking a Consumer Loan Underwriter for a long-term contract opportunity. The role serves as a Centralized Lending Officer for consumer loan decisions and handles requests via Loans PQ, aiming to grant or deny loans within approved limits.

Responsibilities include evaluating financial positions, reviewing applications, communicating decisions to CUDL partners and staff, and supporting cross-selling efforts.

Qualifications

• At least 3+ years of underwriting or related experience.
• May require MLO license with NMLS federal registry or ability to obtain one.
• Excellent attention to detail and accuracy in loan processing.
• Strong communication skills for dealer partners and members.

Responsibilities

• Make decisions to approve, deny, or forward loan requests.
• Assess members’ financial positions to evaluate risk.
• Review loan applications for completeness and accuracy.
• Communicate loan decisions and programs to partners and staff.
• Process credit disputes and assist with lending-related tasks.
• Support cross-selling of lending products and handle weekend queues.

Skills

Underwriting experience

Attention to detail

Customer service

Decision making

Weekend availability

Education

Two-year college degree

Job description

Job Description

Our client is seeking a Consumer Loan Underwriter for an exciting long-term contract opportunity. The Consumer Loan Underwriter serves as a Centralized Lending Officer for consumer loan decisions. Receives and evaluates consumer loan requests via Loans PQ. Acts as a resource for information regarding loan decisions, member loan inquiries and company lending products and services. Responsible to grant or deny loans within limits assigned. Provides exceptional service to dealer partners (CUDL), members and potential members by developing professional relationships. Strives to maximize our loan potential while working with internal staff to increase cross selling opportunities with products and service. Must be available to work weekends.

Job Description

Our client is seeking a Consumer Loan Underwriter for an exciting long-term contract opportunity. The Consumer Loan Underwriter serves as a Centralized Lending Officer for consumer loan decisions. Receives and evaluates consumer loan requests via Loans PQ. Acts as a resource for information regarding loan decisions, member loan inquiries and company lending products and services. Responsible to grant or deny loans within limits assigned. Provides exceptional service to dealer partners (CUDL), members and potential members by developing professional relationships. Strives to maximize our loan potential while working with internal staff to increase cross selling opportunities with products and service. Must be available to work weekends.

Essential Functions & Responsibilities

• 40% Makes decision to approve, deny, or forward the loan request to higher levels for decision. Analyzes
• current financial position of members to determine the degree of risk involved in extending credit or lending money.
• 15% Reviews all loan applications for completeness and accuracy.
• 15% Reviews member loan applications, evaluates their needs and recommends loan options and communicates loan decisions and programs to CUDL partners and internal staff.
• 10% Processes credit disputes through E Oscar.
• 10% Participates in sales development activities to identify and and cross sell other lending products when approving loan applications.
• 5% Assists with Lending and Real Estate phone queues.
• 5% Performs other job related duties as assigned.

Pay:

$34.00 - $37.00 per hour

Performance Measurements

• Provide informed, prompt, and accurate service and support to all members and associates by
• accurately processing, decisioning, and relaying loan decisions to CUDL partners and internal staff within established time frames and also responding to messages and correspondence within set time
• frames.
• Troubleshoot and resolve member and internal inquiries in a timely, professional, accurate manner.
• Keeps informed of current trends in consumer lending in addition to our current guidelines and promotions.
• Must comply with applicable laws and regulations, including but not limited to the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Requirements

• 3+ years of underwriting or related experience.
• A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
• Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation.
• Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.
• MLO license with NMLS Federal Registry or ability to get one a major plus.
• Highly motivated to improve member profitability.
• Must be detail oriented.
• Maintains high service levels to auto dealers participating in the indirect lending program. Ability to work Weekends (Saturday and Sunday).
• Ability to work with minimal to no Supervision (weekends).
• Must possess excellent decision skills, be proactive, possess quality and productivity skills, be solution-oriented and have the ability to work in an environment of flexible and changing work policies/procedures and hours.

Kavaliro provides Equal Employment Opportunities to all employees and applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. Kavaliro is committed to the full inclusion of all qualified individuals. In keeping with our commitment, Kavaliro will take the steps to assure that people with disabilities are provided reasonable accommodations. Accordingly, if reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the position, and/or to receive all other benefits and privileges of employment, please respond to this posting to connect with a company representative.

Job Requirements

Remote