Underwriting Specialist

Position Title: Underwriting Specialist

Type: Full-Time, Hourly, Non-Exempt, In-Office, Non-Remote, 8 Hour Shift, M-F

Pay: $50,000.00 - $60,000.00 per year, Bonus Opportunities

About us:

Yrefy is a dynamic lender that solves the student loan dilemma with unique financial products for borrowers. If you are passionate about people and thrive in a growing environment, we invite you to consider joining our team!

The Underwriting Specialist position is responsible for providing exceptional internal customer service while reviewing Borrower and Co-Borrower applications to determine their eligibility by analyzing credit scores and the company's risk potential. Our ideal candidate should demonstrate an understanding of compliance; possess excellent analytical and logical thinking along with problem-solving skills; and have strong attention to detail with the ability to handle complex projects.

Responsibilities

• Ensure policies, procedures and borrower file documentation are followed as related to underwriting within each department (Sales, Processing, Loan Acquisition, Servicing, Auditing, etc)
• Ensures all processes are within compliance of underwriting guidelines and requirements
• Participate and assist in system testing, validation, and implementation
• Process document file by reviewing and completing income calculations and credit bureau reports, and processing denial letters.
• Monitor escrow accounts
• Maintains underwriting statistics for Sales, Processing, Loan Acquisitions, and Finance to provide end-of-month, quarter, and year documentation and support
• Attend all meetings and trainings courses as required
• Perform other related duties as assigned

Education and Experience

• Associate degree strongly preferred
• One (1) year experience preferred in underwriting is preferred
• Experience in student lending field is preferred, but not mandatory
• Previous experience in Quality Control and compliance is welcomed, and translates well to this role
• Proficient with Microsoft Office Suite, especially Microsoft Excel
• Previous experience with reading and analyzing Credit Bureau Reports

Required Skills/Abilities

• Ability to multi-task and handle complex projects
• Excellent analytical, logical thinking, and problem-solving skills
• Strong attention to detail and organizational skills are essential for success in this role
• Excellent oral and written communication skills
• Ability to communicate with executive leadership
• Time management and organization skills
• High level of professionalism, honesty, and drive, with a passion to excel

Physical Requirements

• Prolonged periods sitting at a desk and working on a computer
• Must be able to lift 15 pounds at a time

Benefits

• 100% Employer paid Medical for Employee AND Family includes Mayo Clinic
• Safe Harbor 401k/ROTH Plan with 4% Company Match
• Dental Insurance
• Vision Insurance
• Company paid Term Life Insurance
• Supplemental Voluntary Life Insurance
• Company paid Short-and Long-Term Disability Insurance
• Voluntary Pet Insurance
• *Fully subsidized LifeTime Gym Membership*
• Tuition reimbursement
• Catered Friday lunches
• Employee Discount Program
• Paid time off
• Referral program
• New Hire Training Program
• Fun In-Office Work Environment
• Opportunity to work at a Fast-Growing Company
• And MORE!!