SBL Underwriter

eTeam; Saint Petersburg (FL); Remote; USD 60,000 - 80,000; Full time

Job summary

An established industry player is seeking a skilled SBL Underwriter for a remote opportunity. This role involves processing securities-based loans, requiring expertise in mortgage underwriting and loan management. You will collaborate with Financial Advisors, ensuring accurate documentation and customer service excellence. With a flexible work schedule and the potential for contract extension, this position is ideal for organized professionals with strong communication skills. Join a dynamic team and contribute to managing a growing workload in a fast-paced environment.

Benefits

Laptop Provided

Flexible Start Time

Remote Work Opportunity

Qualifications

• 2+ years of mortgage underwriting and loan processing experience.
• Manage a loan pipeline of at least 30 loans.

Responsibilities

• Review loan applications and verify customer identities.
• Work with Financial Advisors to process loans.

Skills

Mortgage Underwriting Experience

Mortgage Loan Processing Experience

Loan Pipeline Management

Excel Skills

Communication Skills

Customer Service Orientation

Organizational Skills

Attention to Detail

Education

High School Diploma

Bachelor's Degree

Tools

Microsoft Excel

Job description

This range is provided by eTeam. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$30.00/hr - $35.00/hr

Job Title: SBL Underwriter
Job Duration: 6 months contract
Job Location: Remote full-time opportunity- Eastern time zone preferred
Laptop provided
Temporary with opportunity for extension but no plans for conversion
Work Schedule
Can choose start time at 7:30am or 8am, no later than 8am. Off at 4:30PM.

• Reason the position is open: there has been an increase of loan applications, the team needs someone to help alleviate the workload
• Understanding "Securities-Based Lending"
• Definition of Security: A security, in financial context, is a certificate or other financial instrument that has monetary value and can be traded Securities are generally classified as either equity securities, such as stocks, or debt securities, such as bonds and debentures.
• Definition of Securities-Based Lending: the practice of making loans using securities as collateral. SBL provides ready access to capital that can be used for almost any purpose such as buying real estate, purchasing personal property, or investing in a business.
• Example) Sally Smith wants to buy a new house; however, she needs to get a loan from the bank in order to buy the house. Sally goes to the bank to get the loan, but before the bank can issue her a loan, the bank needs something of monetary value from Sally to use as collateral (if for some reason Sally can’t pay back her loan). Sally offers the bank her 30 shares of Amazon stock, which the bank accepts as collateral.
• Financial Advisors have clients who have securities in their accounts. Some clients request loans on these securities. This person would be involved with the processing of these types of loans. This will include, but is not limited to:
• Customer fills out a loan application and sends it into Client, an analyst assigns application to another loan analyst. The assigned analyst will then review the application, pull credit, verify customer identity (Address, DOB, name, Social), creates files for each client loan, and pull client documents out of said folders, as needed.
• Will also enter security loan into an excel report
• The duties of the SBL Underwriter are slightly different compared to a Mortgage Underwriter. With Mortgage Underwriting, the loan institution will always screen the customers' financials; however, for the SBL Underwriter - since the loan is based off the securities in the clients account, screening the customers' financials may not always be necessary.
• After the customer fills out a loan application and sends it to Client’s SBL department, the application will get assigned to a Loan Analyst (role described above). The assigned analyst will then review the application, pull credit, verify customer identity (Address, DOB, Name, Social, etc.). They will then create a file and maintain a client folder for each loan. Once the analyst completely reviews the application, it will go to the Underwriter. The Underwriter will then review everything that the Loan Analyst documented pertaining to the application (i.e. credit history, customer identity, etc.). The underwriter will then sign-off on the loan application.

Skills:
Must haves

• At least 2+ years of mortgage underwriting experience
• At least 2+ years of mortgage loan processing experience
• Experience with managing a loan pipeline of 30+ loans at any given time
• Basic to intermediate excel skills
• Clear and professional written and verbal communication skills (ability to use proper grammar and spelling at all times)
• Customer service oriented
• Team player, will jump in and help
• Highly organized, ability to meet deadlines, sense of urgency, high attention to detail

Nice-to-Have Skills

• Experience with securities and / or security based loans

Qualified candidates will have:

• At least 2 years of mortgage underwriting experience
• At least 2 years of mortgage loan processing experience
• Experience with managing a loan pipeline of at least 30 loans at any given time (this position will require them to manage a pipeline of at least 30 loans as a loan processor and underwriter)
• Excellent written and verbal communication skills - will be required to interact with Financial Advisors and their branch support staff (the branch will be the one to communicate directly with the client)
• Basic to intermediate skills with Microsoft Excel
• Adequate technical skills - ability to navigate through numerous systems at once

Education:

• High School Diploma required
• Bachelor's Degree preferred
  
  ET_RV01
  

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Contract

Job function

• Job function

  Finance and Sales

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