Jr Underwriter

JOB TITLE: Junior Underwriter

NOTE: This position is NOT remote and will be required to be onsite full-time.

Position Summary

The Junior Underwriter is responsible for supporting the underwriting process by reviewing, verifying, and validating customer information and documentation for credit applications. This role plays a critical part in ensuring the accuracy and completeness of loan files prior to final underwriting review and decision-making. The Junior Underwriter works closely with applicants, sales staff, and senior underwriting personnel to gather required documentation, identify discrepancies, and ensure compliance with company policies and regulatory requirements.

Key Responsibilities

• Review incoming credit applications for completeness and accuracy.
• Verify applicant income, employment, residency, insurance, references, and other required supporting documentation.
• Contact employers, applicants, references, and third parties as needed to validate information provided on credit applications.
• Review pay stubs, bank statements, tax returns, and other financial documentation to confirm income and repayment ability.
• Obtain and review credit bureau reports and other supporting reports.
• Identify discrepancies, missing information, or potential fraud indicators and escalate concerns to senior underwriting staff.
• Ensure all loan files meet company documentation standards prior to underwriting review and funding.
• Assist senior underwriters in evaluating creditworthiness and loan structure recommendations.
• Maintain accurate and organized electronic and physical loan files.
• Enter, update, and maintain customer and loan information within company systems.
• Communicate documentation requirements, stipulations, and application status updates to sales staff in a timely manner.
• Monitor application pipelines to ensure timely processing and follow-up.
• Ensure all activities comply with company policies, underwriting guidelines, and applicable federal and state regulations.
• Assist with post-approval reviews, funding conditions, and quality control audits as needed.

Qualifications

• High school diploma or equivalent required; Associate's or Bachelor's degree preferred.
• Previous experience in loan processing, underwriting support, finance, banking, collections, customer service, or automotive finance preferred.
• Experience with NEO application processing platform is a plus.
• Strong attention to detail and organizational skills.
• Ability to review and verify financial and personal documentation accurately.
• Basic understanding of credit reports and lending principles.
• Proficiency in Microsoft Office Suite and dealership management systems.
• Strong verbal and written communication skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Ability to handle confidential and sensitive information with professionalism and discretion.

Preferred Skills and Competencies

• Knowledge of consumer lending and credit review processes.
• Strong investigative and problem-solving abilities.
• Ability to identify inconsistencies and potential fraud indicators.
• Strong time management and follow-up skills.
• Team-oriented mindset with a willingness to learn underwriting principles and credit analysis.
• High level of integrity and ethical decision-making.

Performance Metrics

• Accuracy and completeness of verified loan files.
• Timeliness of application processing and verification activities.
• Documentation quality and audit readiness.
• Compliance with company policies and regulatory requirements.
• Reduction of documentation deficiencies and funding delays.
• Effectiveness in identifying discrepancies and potential fraud risks.

Work Requirements

• Ability to work extended shifts, including 10- to 12-hour workdays, as required to meet operational demands.
• Availability to work Saturdays as business needs dictate.
• Ability to sit for extended periods while reviewing applications and documentation.
• Ability to communicate effectively with customers, employees, and third-party verification sources.

Job Type: Full-time

Application Question(s):

• This position is NOT remote and will be required to be on-site Full-Time. Are you ok with working On-site?
• Do you live in the Dallas/Fort Worth TX area? If so, what city?
• What is your Salary Range (Can be a Range – MUST BE ANSWERED)

Education:

• High school or equivalent (Preferred)

Experience:

• Underwriting: 2 years (Preferred)
• Credit/Finance: 1 year (Preferred)

Work Location: In person