What are the responsibilities and job description for the Home Improvement Financing Underwriter position at Regions?
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions Home Improvement Financing, the Home Improvement Financing Underwriter I is responsible for reviewing and validating documentation required for loan application approval.
Regions Home Improvement Financing, a division of Regions Bank, engages in strategic partnerships with home-improvement manufacturers, distributors, franchisors, trade groups, and other organizations (with networks of home improvement contractors) to develop customized white-label loan programs to help them increase their sales as well as attract and retain top dealers.
Primary Responsibilities
Reviews conditionally approved applications to ensure an accurate application decision is made
Reviews and validates verification documents to make final decisions for conditionally approved applications
Performs manual underwriting of files according to guidelines and analyzes credit, Fair Isaac Corporation (FICO), Debt to Income, and reviews for potential risk and fraudulent activity
Sets clear and concise conditions for missing documentation necessary to meet underwriting approval requirements
Responds to questions on conditions from processors in a reasonable timeframe
Responds to complex follow-up questions from applicants and contractor partners
Meets required production levels for both quality and quantity
May perform other tasks as assigned
This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.
Requirements
High School Diploma or GED
One (1) years of underwriting experience or two (2) years of lending experience
Verification validation certifications
Skills and Competencies
Ability to work in a fast paced, dynamic work environment
Excellent verbal and written communication skills
Good computer skills, including Microsoft Office Suite
Good typing skills
In-depth knowledge of credit underwriting process and credit bureau reports
This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.
Schedule of the Role:
Monday - Friday, 7:00am - 3:30pm
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $40,000.00 USD
Median: $48,240.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Salt Lake City UT LOB
Location: Salt Lake City, Utah
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions Home Improvement Financing, the Home Improvement Financing Underwriter I is responsible for reviewing and validating documentation required for loan application approval.
Regions Home Improvement Financing, a division of Regions Bank, engages in strategic partnerships with home-improvement manufacturers, distributors, franchisors, trade groups, and other organizations (with networks of home improvement contractors) to develop customized white-label loan programs to help them increase their sales as well as attract and retain top dealers.
Primary Responsibilities
Reviews conditionally approved applications to ensure an accurate application decision is made
Reviews and validates verification documents to make final decisions for conditionally approved applications
Performs manual underwriting of files according to guidelines and analyzes credit, Fair Isaac Corporation (FICO), Debt to Income, and reviews for potential risk and fraudulent activity
Sets clear and concise conditions for missing documentation necessary to meet underwriting approval requirements
Responds to questions on conditions from processors in a reasonable timeframe
Responds to complex follow-up questions from applicants and contractor partners
Meets required production levels for both quality and quantity
May perform other tasks as assigned
This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.
Requirements
High School Diploma or GED
One (1) years of underwriting experience or two (2) years of lending experience
Verification validation certifications
Skills and Competencies
Ability to work in a fast paced, dynamic work environment
Excellent verbal and written communication skills
Good computer skills, including Microsoft Office Suite
Good typing skills
In-depth knowledge of credit underwriting process and credit bureau reports
This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.
Schedule of the Role:
Monday - Friday, 7:00am - 3:30pm
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $40,000.00 USD
Median: $48,240.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Salt Lake City UT LOB
Location: Salt Lake City, Utah
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Salary : $40,000 - $48,240
