Home Improvement Financing Underwriter

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Job Description:

At Regions Home Improvement Financing, the Home Improvement Financing Underwriter I is responsible for reviewing and validating documentation required for loan application approval.

Regions Home Improvement Financing, a division of Regions Bank, engages in strategic partnerships with home-improvement manufacturers, distributors, franchisors, trade groups, and other organizations (with networks of home improvement contractors) to develop customized white-label loan programs to help them increase their sales as well as attract and retain top dealers.
 

Primary Responsibilities

• Reviews conditionally approved applications to ensure an accurate application decision is made
• Reviews and validates verification documents to make final decisions for conditionally approved applications
• Performs manual underwriting of files according to guidelines and analyzes credit, Fair Isaac Corporation (FICO), Debt to Income, and reviews for potential risk and fraudulent activity
• Sets clear and concise conditions for missing documentation necessary to meet underwriting approval requirements
• Responds to questions on conditions from processors in a reasonable timeframe
• Responds to complex follow-up questions from applicants and contractor partners
• Meets required production levels for both quality and quantity
• May perform other tasks as assigned

This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.

Requirements

• High School Diploma or GED
• One (1) years of underwriting experience or two (2) years of lending experience
• Verification validation certifications

Skills and Competencies

• Ability to work in a fast paced, dynamic work environment
• Excellent verbal and written communication skills
• Good computer skills, including Microsoft Office Suite
• Good typing skills
• In-depth knowledge of credit underwriting process and credit bureau reports

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Schedule of the Role:

Must be available for a schedule of Monday-Friday 8:30am - 5:00pm MST

There is also a mandatory rotational Saturday.

Specific hours will be discussed during the interview.

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$40,000.00 USD

Median:

$48,240.00 USD

Incentive Pay Plans:

This job is not incentive eligible.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below