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

Date Posted: 8/23/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    855 East Main Street
    Bridgeport, CT
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    8/23/2019

Job Description

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

For a period of at least 1 year, the Junior Student 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,the Junior Student 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 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
  • 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
EDUCATION/EXPERIENCE REQUIREMENTS
  • High school diploma or equivalent, Bachelor degree preferred
  • Banking 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.

36609BR

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