Retail Lending Operations Underwriter

$85,000 - $95,000 yearly
  • The Resume Review - Recruiting Department
  • Chicago, IL, USA
  • Sep 03, 2021
Full time Accounting Finance

Job Description

Job description
Analyzes new customer credit applications. Makes credit decisions / recommendations in accordance with credit-granting principles.
  • Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
  • Provides advice and guidance to assigned business/group on implementation of solutions.
  • Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Helps determine business priorities and best sequence for execution of business/group strategy.
  • Conducts independent analysis and assessment to resolve strategic issues.
  • Collaborates with internal and external stakeholders to deliver on business objectives.
  • Ensures alignment between stakeholders.
  • Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
  • Designs and produces regular and ad-hoc reports, and dashboards.
  • Monitors and tracks performance and addresses any issues.
  • Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
  • Supports the development of tailored messaging, which may include writing, editing, and distributing communications.
  • Executes routine tasks (e.g. service requests, transactions, queries etc.) within relevant service level agreements.
  • Provides input into the planning and implementation of operational programs.
  • Adjudicates new credit applications within defined limits or recommends credit products based on sound credit granting principles.
  • Completes credit analyses to adjudicate credit applications.
  • Responds to incoming inquiries in a prompt and professional manner and escalates issues to superiors or other departments.
  • Assists customers and conducts all credit and related transactions.
  • Keeps current with established processes, policies, and regulations, and knowledge of products, credit policies, services, and relevant legal, regulatory, and technology requirements.
  • May contact customers to obtain, clarify, or confirm information.
  • Applies and documents sound credit granting applications and lending decisions.
  • Follows security and safeguarding procedures to reduce credit/lending risks.
  • Focus is primarily on business/group within this company; may have broader, enterprise-wide focus.
  • Exercises judgment to identify, diagnose, and solve problems within given rules.
  • Works independently on a range of complex tasks, which may include unique situations.
  • Broader work or accountabilities may be assigned as needed.  
  • Qualifications:
  • Typically between 8+ years of relevant experience and post-secondary degree in Business or a related field of study or an equivalent combination of education and experience.
  • 8+ years of mortgage underwriting experience - required.
  • Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) in the U.S. - required.
  • Strong comprehension of HUD Handbook 4155.1 and 4155.2 in the U.S. - required.
  • Prior relationship management experience - preferred.
  • Expertise in credit and lending products, related regulatory requirements, and secondary market guidelines.
  • Experience with web-based approval systems (DU/LP) - required.
  • In-depth pipeline management - required.
  • Strong comprehension of complicated income structures, including income from multiple sources (e.g. self-employment, rental or trust income, etc.).
  • In-depth knowledge of competitive marketplace and trends in product offerings.
  • Ability to identify/manage potential risk.
  • In-depth knowledge of cash flow, credit, and evaluating collateral.
  • In-depth knowledge of complex credit request structures that minimize risk while providing business value to the customer.
  • Working knowledge of credit policies, procedures, principles, and philosophy.
  • Thorough knowledge of software used to capture credit applications.
  • Strong ability to analyze complex financials and tax returns.
  • Strong familiarity with credit financial analysis techniques.
  • Technical proficiency gained through education and/or business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
  • Data driven decision making - In-depth.