Junior Consumer Loan Underwriter - Laurel Road (Fintech) in Bridgeport, CT at Key Bank- Corporate

Date Posted: 10/9/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    855 East Main Street
    Bridgeport, CT
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    10/9/2019

Job Description

Laurel Road, a brand of Key Bank, is part of the expanding FinTech space: we offer Mortgages, Student Loans, and Personal Loans through a digital online experience, https://www.laurelroad.com. We simplify the process for both borrowers and bankers, while increasing choices of products, improving tracking, and offering a positive banking experience.
JUNIOR CONSUMER LOAN UNDERWRITER RESPONSIBILITIES:
For a period of at least 1 year, the Junior Consumer Loan Underwriter will have modified underwriting expectations as they familiarize themselves with company and team operations, product, etc. After a period of up to 2 months for initial training, Junior Consumer Loan Underwriter will begin to underwrite live loans in LOS.

  • Expands base of knowledge and scope of products they can underwrite.
  • Renders accurate approvals and denials in accordance with program requirements (Appendix V) for all loans assigned.
  • Composes accurate and easily understood messages to applicants and outbound DRB Associates if additional information is required to finalize UW decisions.
  • Adheres to compliance procedures and internal/operational risk controls in accordance with any and all applicable regulatory standards, requirements, and policies.
KNOWLEDGE, SKILLS and ABILITIES REQUIRED:
  • Ability to apply program guidelines correctly to each applicant based on degree type, pay frequency, etc.
  • Accuracy with all data inputs.
  • Work quickly and accurately in an online environment.
  • Understanding of Appendix V, denial criteria, appropriate application of UW Income Methodologies, ability to read single bureau and tri-merge credit reports, especially as they related to UW guidelines.
PREFERRED KNOWLEDGE SKILLS AND EXPERIENCE FOR THIS JOB:
Preferred Education/Experience:
  • Generally, the Junior Underwriter should spend at least 1 month with Quality Control team before transitioning to Junior Underwriter Position.
EDUCATION/EXPERIENCE REQUIREMENTS
  • High school diploma or equivalent work experience.
  • One year of related work experience preferred




FLSA STATUS:Non-Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

38129BR

Not Ready to Apply?

Joining our Talent Network will enhance your job search and application process. Whether you choose to apply or just leave your information, we look forward to staying connected with you.

At Key, we’re committed to diversity and inclusion in all we do. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by email.