Find & Apply For Insurance Underwriter Jobs in Warwick, Rhode Island

Consumer Lending Underwriter Shoreham Bank - 4.0 Warwick, RI Job Details Full-time From $50,000 a year 18 hours ago Qualifications Microsoft Word Microsoft Excel Microsoft Outlook Customer service Financing motor vehicles Consumer lending analysis in risk and credit Financial software Attention to detail Data interpretation Credit report review Banking product expertise Manual underwriting Credit report analysis Loan Origination Systems (LOS) Full Job Description Position Summary The Consumer Underwriter is responsible for reviewing, analyzing, and underwriting consumer automobile and marine loan applications. The position evaluates applicant creditworthiness, repayment capacity, collateral, and overall credit risk to make sound lending decisions consistent with established underwriting guidelines, Bank policies, applicable regulations, and delegated lending authority. The Consumer Underwriter works in a high-volume environment and is responsible for providing timely and accurate credit decisions while maintaining appropriate credit quality, regulatory compliance, and a high level of service to borrowers, automobile and marine dealers, sales representatives, and internal business partners. Essential Job Functions Review and analyze automobile and marine loan applications for accuracy, completeness, creditworthiness, and compliance with Bank policies and underwriting guidelines. Evaluate applicant credit history, income, employment, debt obligations, debt-to-income ratios, payment history, and other relevant information to determine the applicant's ability and willingness to repay. Evaluate the proposed loan structure, including loan amount, term, down payment, collateral value, loan-to-value ratio, and other relevant factors. Review automobile and marine collateral information for consistency with established lending parameters. Approve, decline, or condition loan requests within established underwriting guidelines and delegated lending authority. Escalate loan requests that exceed delegated authority or fall outside established credit policy to the appropriate lending authority. Structure loan approvals and counteroffers, when appropriate, to appropriately address identified credit risk while meeting the borrower's financing needs. Communicate loan decisions, approval conditions, outstanding requirements, and application status promptly and professionally to dealers, sales representatives, and other appropriate parties. Work collaboratively with automobile and marine dealers, sales representatives, loan operations, and other internal departments to facilitate efficient application processing, documentation, and funding. Maintain current knowledge of Bank credit policies, underwriting guidelines, automobile and marine loan programs, procedures, and applicable consumer lending requirements. Perform other duties and responsibilities as assigned. Required Qualifications Minimum of 2 years of consumer lending underwriting experience , preferably in automobile, marine, recreational vehicle, powersports, or other secured consumer lending. Minimum of 2 years of customer service, lending operations, or related financial-services experience . Working knowledge of consumer credit analysis, credit bureau reports, underwriting principles, and credit decisioning. Working knowledge of automobile and/or marine lending products, loan documentation, collateral requirements, and lending processes. Strong analytical ability, attention to detail, and sound judgment. Ability to manage multiple applications and competing priorities in a high-volume, deadline-driven environment . Proficiency with Microsoft Word, Excel, Outlook, loan origination systems, credit reporting systems, and other software required to perform the position. Equal Employment Opportunity Shoreham Bank provides equal employment opportunities, without discrimination because of race, color, religion, creed, sex, sexual orientation, gender identity or expression, pregnancy, marital status, age, national origin, citizenship, handicap or disability, veteran or military status, political beliefs, victim of domestic violence status, familial status, or predisposing genetic characteristics or status, or any other status protected by federal, state, local or other law.

Job Type:

Full-time Pay:

From $50,000.00 per year

Experience:

underwriting: 1 year (Preferred)

Work Location:

In person