SouthEast Bank
  • - Private Student Loan Cent
  • Knoxville, TN, USA
  • Salary
  • Full Time

TITLE: ELFI Loan Underwriter
DEPARTMENT: ELFI
HOURS: Schedule Varies
SUPERVISES: N/A
JOB CLASSIFICATION: Salary/Exempt


BASIC FUNCTION:


The Private Loan Underwriter will perform a detailed credit analysis of a borrower, including employment records, income sources, and credit reports. The underwriter determines if the borrower's financial ratios meet Southeast Bank's lending standards and assists with the credit exception process.


ESSENTIAL FUNCTIONS:

  • Evaluate borrower profiles to determine whether or not they meet SouthEast Bank's credit criteria.
  • Review and analyze credit reports, tax returns, free cash flow calculations, non-standard income sources, and other documents provided by applicants.
  • Prepare and present applications that may be eligible for a credit exception to SouthEast Bank's credit manager.
  • Identify common underwriting issues and work with the originations team to improve the process to address these issues.
  • Develop processes and procedures that will help reduce errors and inconsistencies.
  • Perform follow-up on accounts as required.

SKILLS, KNOWLEDGE AND TRAINING:

  • Extensive working knowledge of all aspects of the consumer credit report
  • Knowledge of common credit underwriting standards and pitfalls
  • Extreme attention to detail

WORKING CONDITIONS:

  • Sitting for long periods of time.
  • Lift 10-20lbs periodically.

REQUIREMENTS:

  • At least 2 years' professional experience in a loan/credit underwriting role or 4 years' experience as a Lead Processor
  • BS or BA degree, accepted.
  • MBA graduate, preferred.
  • Prior bank underwriting experience, desired.
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SouthEast Bank