Responsibilities:
- Evaluate and analyze loan applications to determine risk and eligibility.
- Assess applicants’ financial status, credit history, and collateral.
- Ensure compliance with underwriting guidelines, policies, and regulations.
- Communicate with loan officers, applicants, and other stakeholders.
- Make informed decisions on loan approvals, rejections, or modifications.
- Review and verify documentation provided by applicants for accuracy.
- Stay informed about market trends, industry standards, and regulatory changes.
- Collaborate with other departments to streamline the underwriting process.
- Maintain detailed and accurate records of underwriting decisions.
- Provide guidance and support to junior underwriters as needed.
Qualifications:
- Bachelor’s degree in Finance, Business, or a related field.
- Proven experience as an underwriter or in a similar financial role.
- Strong analytical and decision-making skills.
- Knowledge of loan underwriting principles, guidelines, and regulations.
- Excellent communication and interpersonal abilities.
- Detail-oriented with a focus on accuracy and compliance.
- Proficiency in using underwriting software and Microsoft Office Suite.
