What are the responsibilities and job description for the Underwriter for Subprime Lending position at Sky Auto?
Job Summary
We are seeking an experienced and detail-oriented Underwriter with specific experience underwriting subprime auto loans. The ideal candidate will be responsible for evaluating and assessing the risk of providing a car title loan. This role requires a strong understanding of financial principles, excellent research skills, and the ability to make informed decisions based on data analysis. The Underwriter will play a crucial role in the loan origination process and will work closely with various stakeholders to ensure that all underwriting guidelines are met.
PLEASE DO NOT APPLY IF YOU DO NOT HAVE SUBPRIME UNDERWRITING EXPERIENCE.
Responsibilities
- Conduct thorough financial and credit analysis to assess the creditworthiness of applicants.
- Perform cash flow analysis to evaluate the financial stability of clients.
- Collect and research data relevant to underwriting decisions.
- Develop financial models to predict future performance and risk factors.
- Underwrite loans by analyzing applications, documentation, and risk factors.
- Forecast potential risks associated with loan approvals and provide insights for decision-making.
- Collaborate with sales and finance teams to ensure smooth application processing.
- Communicate with customers to gather additional information or clarify any discrepancies.
- Maintain accurate records and reports of underwriting decisions.
Requirements
- Proven experience in underwriting subprime financial services whether it be auto or other financing.
- Experienced in using Transunion and its alternative data platform FACTOR TRUST>
- Strong knowledge of subprime credit risk assessment and lending policies.
- Excellent attention to detail and problem-solving skills.
- Ability to work under pressure and meet deadlines.
- Strong communication skills, both written and verbal.
Join our team as an Underwriter where your expertise will contribute significantly to our success while providing you with opportunities for professional growth.
Why Join Us?
- Be part of a forward-thinking company with growth opportunities.
- Enjoy a collaborative and supportive team environment.
- Competitive salary and comprehensive benefits package.
Job Type: Full-time
Pay: $85,000.00 - $100,000.00 per year
Benefits:
- Health insurance
- Paid time off
Schedule:
- Day shift
Ability to Commute:
- Boca Raton, FL 33434 (Required)
Ability to Relocate:
- Boca Raton, FL 33434: Relocate before starting work (Required)
Work Location: In person
Salary : $85,000 - $100,000