Consumer Loan Underwriter

Experience-1-5 years

Job Role – Analyst /Senior Analyst

Process: Consumer Loan Underwriting

Job Location: Nagpur

Responsibilities-

• We are currently seeking talented Consumer Lending Underwriters with a minimum of 4 to 5 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:
• 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.
• Communicate decisions that most effectively mitigate credit risks, including data integrity and validity of information submitted.
• 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.
• 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.
• 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.
• Works under moderate supervision; acquires and applies maturing knowledge of the business, its products, and processes.
• Applies understanding of established guidelines and all other regulatory requirements when evaluating loan attributes while utilizing prudent underwriting judgment and experience.
• Skills required:
• Must have excellent written and comprehension skills

Skills Required
Consumer loan Underwriting