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We are looking for a Temporary Consumer Lending Underwriter to join our team . As part of the banking industry, this contract position offers an opportunity to evaluate and manage consumer loan applications while ensuring compliance with regulations and internal policies. If you have a strong background in credit analysis and lending, we encourage you to apply.
Job Responsibility:
Conduct thorough assessments of credit reports, scores, and borrower financial behavior
Evaluate income stability, employment history, and debt-to-income ratios to determine loan eligibility
Analyze financial documents, including paystubs, tax returns, and bank statements, for accuracy and completeness
Make informed decisions on loan applications, including approvals, declines, or counteroffers
Utilize both automated underwriting systems and manual judgment to ensure sound credit decisions
Document reasoning behind credit decisions clearly and comprehensively
Ensure compliance with regulatory requirements such as the Truth in Lending Act, Equal Credit Opportunity Act, and Fair Credit Reporting Act
Apply internal credit policies and guidelines established by investors and partners
Identify and address potential fraud risks, verifying borrower identity and authenticity of submitted documents
Collaborate with loan processors, sales teams, and risk management to facilitate smooth communication and decision-making
Requirements:
Minimum of 2 years of experience in consumer loan underwriting or a related field
Strong knowledge of consumer lending practices and credit risk management
Proficiency in analyzing financial data and assessing creditworthiness
Familiarity with banking compliance regulations and industry standards
Excellent attention to detail and ability to identify inconsistencies
Effective communication skills for explaining decisions and requesting documentation
Ability to use automated underwriting systems alongside manual judgment
Solid understanding of fraud detection and identity verification processes