Home Improvement Financing Underwriter
Regions Financial Corporation, Salt Lake City, UT, United States
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
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) year 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
The shift for this role is 12:00pm - 8:30pm.
Each shift is Monday through Friday. Underwriters work an 8‑hour Saturday shift every 5 weeks, and they get a weekday off when this occurs. Shared holiday rotation with the team, comes out to be about 2 holidays per year.
Additional Preferences
Previous Underwriting experience
Proficient typing skills with strong attention to detail
This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.
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
50th Percentile: $48,310.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Location Salt Lake City, Utah
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
#J-18808-Ljbffr
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) year 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
The shift for this role is 12:00pm - 8:30pm.
Each shift is Monday through Friday. Underwriters work an 8‑hour Saturday shift every 5 weeks, and they get a weekday off when this occurs. Shared holiday rotation with the team, comes out to be about 2 holidays per year.
Additional Preferences
Previous Underwriting experience
Proficient typing skills with strong attention to detail
This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.
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
50th Percentile: $48,310.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Location Salt Lake City, Utah
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
#J-18808-Ljbffr