Underwriter

Ken Garff Automotive Group; West Valley City, Northern (UT, KY); Hybrid; USD 60,000 - 90,000; Full time

Job summary

Arivo is transforming auto lending by growing a team of focused underwriters who build depth in origination knowledge and underwriting decisions.

You will apply compliance with ECOA, FCRA, TILA Reg.Z, and internal policies while reviewing income and documentation. Expect active participation in meetings, KPI tracking, and continuous improvement. This role offers growth within a fast-moving organization.

Qualifications

• Underwriter foundation knowledge and ability to navigate origination policies and SOPs.
• Understanding of lending laws and regulations (ECOA, FCRA, TILA Reg.Z).
• Experience using credit bureau data (TransUnion, Experian).
• Deep knowledge of internal policies and SOPs.

Responsibilities

• Comply with lending laws/regulations (ECOA, FCRA, TILA Reg.Z).
• Adhere to Origination's Lending policies and SOPs.
• Escalate policy and SOP questions using escalation process.
• Meet department goals, KPIs, policies and SOPs.
• Underwrite and decide credit applications efficiently and accurately.
• Process many applications daily to progress toward role advancement.
• Document decisions with notes and link to SOPs.

Skills

Junior Underwriter Foundations

Lending Compliance Knowledge

Credit Bureau Data (TransUnion/Experia

Policy & SOP Knowledge

Job description

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

Join the Arivo Team

Arivo is transforming the auto lending industry by investing in our brilliant team and creating a culture that promotes growth and innovation. We want you to grow with us.

FAST GROWING COMPANY Arivo is growing at an amazing rate. It's important that our employees have room for growth as well. When you work at Arivo, you will have opportunities to tap into your own potential and advance in your career.

GREAT COLLEAGUES At Arivo, we welcome people who thrive on challenge, find fulfillment in their work, and work collaboratively across the board. We also strive to provide a diverse, transparent, and trusting environment where each individual’s contributions are valued.