Loan Underwriter - Santa Monica, United States - California Lithuanian Credit U

Description

Loan Underwriter plays a crucial role in the loan origination and portfolio management process.

Here are some of the key responsibilities associated with this position:

• Loan Approval and Verification:
• Verify Documents: They ensure that all necessary documents are accurate and complete before approving loans.
• Risk Assessment and Classification:
• Loan underwriters determine and classify potential financial risks and problems that could arise during the loan process.
• Analyzes required income documentation including personal or business tax returns, rental property analysis, K1, etc.
• Lending Activities and

Policy Implementation:

• Control Lending Activities: They implement lending activities for all loan programs.
• Collections Management: Loan underwriters implement collections activities and strategies, ensuring timely payments from borrowers.
• 
  Policy Implementation: They ensure that company policies related to loans are effectively implemented.
• Reporting and Communication:
• Monthly Reports: Loan underwriters prepare monthly portfolio and financial reports for various stakeholders.
• Communication: They regularly communicate with credit administration, commercial business managers, and legal counsel to address due diligence issues.

RESPONSIBILITIES:

• Implements and supervises daily operations of the underwriting process, including processing, credit analysis, and document preparation.
• Implements underwriting strategy and operational policies for product lines.
• Develops underwriting team expertise through coaching, support, and educational programs.

QUALIFICATIONS:


Education, Experience, Knowledge:

• Consumer credit underwriting or senior level processing required
• Consumer Home Equity processing required, underwriting preferred
• Residential First Mortgage experience preferred
• 13 years of experience in the related area as an individual contributor.
• 13 years of supervisory experience is preferred
• Associates degree or equivalent financial institution credit experience

Bachelor's degree preferred