Credit Underwriter - Remote, Philadelphia, PA
Job Summary: The Credit Underwriter is responsible for evaluating and assessing loan and credit applications to determine the creditworthiness of applicants. They analyze financial data, assess risk, and ensure that loans comply with company policies and regulatory requirements.
Key Responsibilities:
- Review and analyze loan applications, credit reports, financial statements, and other relevant documents.
- Assess borrowers' ability to repay loans by evaluating income, assets, debts, and credit history.
- Ensure compliance with company lending policies, industry regulations, and legal requirements.
- Approve, deny, or recommend loans based on risk assessment and underwriting guidelines.
- Calculate debt-to-income (DTI) ratios, loan-to-value (LTV) ratios, and other key financial metrics.
- Work closely with loan officers, processors, and other team members to obtain necessary documentation and clarify borrower information.
- Communicate underwriting decisions to relevant stakeholders, providing explanations when required.
- Stay updated on industry trends, market conditions, and changes in lending regulations.
- Identify potential fraud risks and take necessary steps to mitigate them.
- Maintain accurate records of underwriting decisions and ensure proper documentation for audits.
Requirements:
· Bachelor’s degree in finance, business, economics, or a related field (preferred).
· Experience in loan underwriting, risk assessment, or financial analysis.
· Strong knowledge of lending regulations.
· Proficiency in financial analysis and credit assessment.
· Excellent analytical, decision-making, and problem-solving skills.
· Strong attention to detail and ability to work with tight deadlines.
· Effective communication skills to interact with internal teams and clients.
· Familiarity with loan underwriting software and financial modeling tools
Company Description
We’re Infinia Search. We’re a relationship-driven search firm that proves that talent, ambition, curiosity, and an infinite work ethic creates exponential results for our clients and candidates.