Loan Underwriter
Vaco by Highspring, Troy, OH, United States
Job Summary
The Loan Underwriter is an essential member of the lending team, responsible for evaluating and determining the creditworthiness of loan applicants. This role plays a vital part in the loan approval process by reviewing both financial and non-financial factors to assess whether applicants meet established lending criteria. The underwriter partners closely with loan officers, borrowers, and internal stakeholders to ensure applications are thoroughly analyzed and decisions align with organizational policies and regulatory requirements.
Application Review
Evaluate loan applications and supporting documentation for accuracy, completeness, and eligibility
Review credit histories, financial statements, income verification, and other relevant materials to assess risk
Determine applicant creditworthiness using established underwriting standards and guidelines
Identify and evaluate potential risks associated with each loan request and make appropriate recommendations
Perform detailed analysis of income, expenses, assets, and liabilities to assess repayment capacity
Compliance
Ensure all applications adhere to applicable lending regulations and internal policies
Remain current on regulatory updates and industry best practices
Documentation & Recordkeeping
Maintain accurate, thorough records of underwriting decisions and supporting documentation
Prepare detailed underwriting reports for each application
Communication
Collaborate with loan officers and relevant parties to obtain additional information or clarify details
Clearly communicate underwriting decisions and supporting rationale
Decision Making
Approve or deny loan applications based on comprehensive credit analysis and risk evaluation
Work closely with loan processing teams to support an efficient application workflow
Partner with departments such as credit risk and legal to resolve complex or unique cases
Team Collaboration
Work closely with loan processing teams to support an efficient application workflow
Partner with departments such as credit risk and legal to resolve complex or unique cases
Equal Opportunity Notice Highspring LLC (d/b/a Vaco by Highspring) and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco by Highspring") are committed to the full inclusion of all qualified individuals and do not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by applicable law. The company is also committed to ensuring that persons who need them are provided with reasonable accommodations; if an accommodation is needed to participate in the job application or interview process, please contact HR@vaco.com.
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
Privacy Notice Vaco by Highspring respects your privacy and is committed to providing transparent notice of our policies.
California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
Virginia residents may access our state specific policies here.
Residents of all other states may access our policies here.
Canadian residents may access our policies in English here and in French here.
Residents of countries governed by GDPR and UK GDPR may access our policies here.
Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Vaco by Highspring’s use of AI can be found here. Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers. Vaco by Highspring does not know and cannot opine on if its client's use of AI products in hiring.
Pay Transparency Notice Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
the individual's skill sets, experience and training
licensure and certification requirements
office location and other geographic considerations
other business and organizational needs
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses and/or participation in medical, dental, and vision benefits as well as the company's retirement plan (or similar retirement benefits).
#J-18808-Ljbffr
Application Review
Evaluate loan applications and supporting documentation for accuracy, completeness, and eligibility
Review credit histories, financial statements, income verification, and other relevant materials to assess risk
Determine applicant creditworthiness using established underwriting standards and guidelines
Identify and evaluate potential risks associated with each loan request and make appropriate recommendations
Perform detailed analysis of income, expenses, assets, and liabilities to assess repayment capacity
Compliance
Ensure all applications adhere to applicable lending regulations and internal policies
Remain current on regulatory updates and industry best practices
Documentation & Recordkeeping
Maintain accurate, thorough records of underwriting decisions and supporting documentation
Prepare detailed underwriting reports for each application
Communication
Collaborate with loan officers and relevant parties to obtain additional information or clarify details
Clearly communicate underwriting decisions and supporting rationale
Decision Making
Approve or deny loan applications based on comprehensive credit analysis and risk evaluation
Work closely with loan processing teams to support an efficient application workflow
Partner with departments such as credit risk and legal to resolve complex or unique cases
Team Collaboration
Work closely with loan processing teams to support an efficient application workflow
Partner with departments such as credit risk and legal to resolve complex or unique cases
Equal Opportunity Notice Highspring LLC (d/b/a Vaco by Highspring) and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco by Highspring") are committed to the full inclusion of all qualified individuals and do not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by applicable law. The company is also committed to ensuring that persons who need them are provided with reasonable accommodations; if an accommodation is needed to participate in the job application or interview process, please contact HR@vaco.com.
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
Privacy Notice Vaco by Highspring respects your privacy and is committed to providing transparent notice of our policies.
California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
Virginia residents may access our state specific policies here.
Residents of all other states may access our policies here.
Canadian residents may access our policies in English here and in French here.
Residents of countries governed by GDPR and UK GDPR may access our policies here.
Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Vaco by Highspring’s use of AI can be found here. Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers. Vaco by Highspring does not know and cannot opine on if its client's use of AI products in hiring.
Pay Transparency Notice Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
the individual's skill sets, experience and training
licensure and certification requirements
office location and other geographic considerations
other business and organizational needs
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses and/or participation in medical, dental, and vision benefits as well as the company's retirement plan (or similar retirement benefits).
#J-18808-Ljbffr