What are the responsibilities and job description for the AUTOMOTIVE LOAN UNDERWRITER position at EXPRESS CREDIT AUTO?
AUTOMOTIVE LOAN UNDERWRITER
Underwriters evaluate and underwrite auto loans by making loan approval/denial decisions based on performing a detailed credit and reference analysis of a potential borrower according to company loan policy and standards.
PRINCIPAL ACCOUNTABILITIES:
· Organize, analyze and record all incoming auto loan applications
· Review loan application and supporting documents for completeness and accuracy
· Ensure the appropriate documents are requested and received.
· Review and evaluate application data, personal financial information and income verification based on in-house scoring methods and criteria.
· Maintain feedback with customers, sales personnel, and other parties to insure proper and effective communication and to monitor quality of customer service throughout.
· Implement fraud detection techniques and adhere to compliance requirements.
· May perform other duties as assigned
DESIRED QUALIFICATIONS:
· Automotive loans underwriting experience a plus
· High School diploma or equivalent
· Basic math and computer skills
SKILLS AND ABILITIES:
· Solid analytical skills with the ability to evaluate financial information, develop, negotiate, document, and service loan structures with varying levels of complexity.
· Understanding and/or experience working with various types of financial statements, financial analysis, and lending processes
· Demonstrated ability to make sound independent business and credit decisions
· Able to work evening hours including Saturdays; may be required to work overtime based in the business need
· Able to function effectively with intensive computer work (3 continuous hours at a time)
· Must be able to sit, stand, or walk for prolonged periods. Requires eye/hand coordination and manual dexterity; requires normal vision/hearing range and basic math skills in order to perform assigned job duties correctly.
WORKING CONDITIONS:
· The general work schedule is Mon-Sat, 9am to 7pm, but later hours may be required if business needs necessitate.
· Onsite; office environment.
Job Type: Full-time
Pay: $16.00 - $20.00 per hour
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Experience:
- Loan Underwriting: 2 years (Preferred)
Work Location: In person
Salary : $16 - $20