Job Summary
We are currently seeking talented Consumer Lending Underwriters with a minimum of 2 to 3 years of experience specifically in Consumer loan Underwriting.
This is a Chat based Back-office process, where the borrowers/agents would contact the analyst requesting a decision on a Consumer Loan product offered by the client
The process involves Underwriting for Secured and Unsecured loans which involves a detailed study of the borrower’s credit standing, credit worthiness and capacity to pay. A detailed investigative analysis of the borrower’s credit report along with evaluation of income would be required to take a decision on the loan.
Responsibilities:
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Candidates shall be responsible for rendering decisions on loan applications based on established criteria and determine risk associated with borrower based on profile and parameters.
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Communicate decisions that most effectively mitigate credit risks, including data integrity and validity of information submitted.
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Review borrowers credit reports to ascertain the credibility with respect to honouring payment obligations and evaluate any credit red flags like delinquencies, charge offs, or bankruptcies.
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Evaluate and verify income documents like Pay stubs, W2’s, and IRS Tax return documents to determine whether borrower has the capacity to repay the loan based on a complete evaluation and verification of the borrower’s income.
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Post evaluation and assessment of the degree of risk, document the reasons for approval or denial of the loan and add the documentation to the loan file.
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Works under moderate supervision; acquires and applies maturing knowledge of the business, its products, and processes.