Senior Underwriter - Consumer Loans - FL #2828

Right Talent Right Now; Melbourne (FL); On-site; USD 75,000 - 110,000; Full time

Job summary

A financial services firm is seeking a Senior Underwriter to evaluate consumer, home equity, and small business loan applications in Melbourne, Florida. Candidates should possess over 5 years of experience in consumer lending underwriting, focusing on indirect loans. Responsibilities include liaising with automotive dealers, maintaining loan standards, and ensuring compliance with lending regulations. Strong analytical and interpersonal skills are essential for this role, which promises a collaborative work environment and competitive salary.

Qualifications

• 5 to 7 years prior experience in consumer lending underwriting.
• Minimum of 2 years underwriting indirect loans through indirect dealers.
• Experience in non-mortgage consumer underwriting.
• Local or willing to relocate to Melbourne, FL.
• Salary expectations to be discussed or provided during application.

Responsibilities

• Evaluates loan applications and makes sound lending decisions.
• Communicates with dealer employees regarding loan decisions.
• Maintains higher credit authority for complex loans.
• Educates dealer employees on program guidelines.
• Reviews and documents decisions on loan applications.
• Meets or exceeds loan production standards for consumer underwriting reviews.
• Maintains quality levels per loan error standards and closes decisions per guidelines.
• Reviews and documents loan decision outcomes within established response standards.
• Assists with underwriting other Consumer Loan products as needed.

Skills

Strong consumer and credit knowledge

Analytical abilities

Interpersonal skills

Ability to analyze financial statements

Knowledge of automated underwriting tools

Excellent communication skills

Education

High School plus additional coursework

Tools

Automated underwriting tools

Job description

Senior Underwriter - Consumer Loans - FL #2828

Full-time

Relocation: No

Provides quality underwriting through timely and thorough evaluation of consumer, home equity and small business loan applications. The primary focus will be on indirect loan applications. Approves or rejects loans within limit of authority. Communicates directly with automotive dealer employees on loan decisions and program guidelines.

Principal Duties and Responsibilities:

• Analyzes loan applications, credit bureau reports, collateral evaluation, member account data, financial statements, tax returns and other loan documentation in order to make consistent, sound lending decisions on consumer, home equity and smaller member business loans.
• Communicates directly with dealer employees on loan decisions and negotiates with them on stipulated loan decisions to mitigate the risk associated with the application. Clearly explains reasons for stipulating or denying the loan request.
• Effectively educates dealer employees on indirect program guidelines and strengthens dealer relationships through regular verbal and written communication.
• Maintains higher credit authority and decisions larger or more complicated loans.
• Maintains loan approval portfolio delinquency and charge-off ratios within established standards.
• Meets or exceeds the loan production standards established for reviewing loans that fall into the consumer underwriting review queue.
• Maintains an acceptable level of quality as determined by established loan error standards.
• Reviews, evaluates and properly documents decisions on loan applications within the established decision response standards.
• Assists with underwriting other Consumer Loan products as needed.

Education and Training:

High School plus additional course work gained through attendance at vocational, technical or business school or equivalent experience.

Prior Experience:

5 to 7 years prior experience in consumer lending underwriting with full approval/denial authority including a minimum of 2 years underwriting indirect loans through indirect dealers.

Interpersonal Skills:

Interaction is with a variety of people inside or outside the organization. Communications are often difficult or stressful in nature. Contact with others involves complex, detailed and often sensitive topics. The job requires a high degree of interpersonal skills to deal with a range of complicated problem situations. Interactions involve gaining the agreement of others.

Other Special Skills and Abilities:

• Demonstrates strong consumer and credit knowledge, policy/procedures expertise and analytical abilities.
• Ability to thoroughly analyze financial statements, credit bureau reports and other financial data and document findings.
• Knowledge of automated underwriting tools and related technology.
• Knowledge of and ability to apply consumer lending criteria, products, rates, processes, procedures, policies, and regulations.
• Knowledge of government regulations and compliance issues.
• Knowledge of credit bureau terminology.
• Ability to communicate clearly and effectively, both verbally and in writing, while working with customers (internal and/or external, as appropriate) to ensure complete understanding and comprehension of the intent and content of the communication.

Bottom line requirements we need notes on with candidate submittal:

1. 5 + years of prior experience in consumer lending underwriting with full approval/denial authority including a minimum of 2 years underwriting indirect loans through indirect dealers.
2. Experience in non-mortgage consumer underwriting (e.g, automobiles, boats, credit cards and home equity lines of credit).
3. Local or close enough for a short easy move.
4. Salary expectations.

All your information will be kept confidential according to EEO guidelines.