What are the responsibilities and job description for the Underwriter position at Straight Line Source?
Job Overview: We are seeking a skilled and detail-oriented Underwriter to join our team. As an Underwriter, you will be responsible for assessing and evaluating loan applications, analyzing financial data, and making informed decisions regarding loan approvals. The ideal candidate will have a strong background in technical accounting, financial concepts, and underwriting principles. Responsibilities: - Review and analyze loan applications to determine creditworthiness and risk assessment - Collect and verify financial data, including income statements, tax returns, credit reports, and bank statements - Conduct quantitative research and financial modeling to assess loan viability - Evaluate borrower's financial capacity to repay loans based on debt-to-income ratios, credit history, and other relevant factors - Collaborate with loan officers and other team members to ensure accurate and timely underwriting decisions - Prepare detailed reports summarizing findings and recommendations for loan approvals or denials - Stay updated on industry regulations, market trends, and underwriting best practices Experience: - Bachelor's degree in finance, accounting, or a related field (Master's degree preferred) - Proven experience in underwriting or a similar role within the financial industry - Strong knowledge of technical accounting principles and financial concepts - Proficiency in financial report writing and data collection - Familiarity with loan processing procedures and documentation requirements - Excellent analytical skills with the ability to interpret complex financial information - Strong attention to detail and accuracy in evaluating loan applications - Ability to work independently and make sound underwriting decisions - Experience in portfolio management is a plus If you are a motivated individual with a strong background in underwriting and a passion for delivering exceptional customer service, we encourage you to apply. We offer competitive compensation packages, comprehensive benefits, and opportunities for professional growth within our organization. Note: All positions at our company are paid positions.
Job Type: Full-time
Pay: $50,000.00 - $60,000.00 per year
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Work Location: In person
Salary : $50,000 - $60,000
