Underwriting Specialist / Phone Verifier

An Underwriting Specialist in a lending company plays a crucial role in evaluating and

analyzing loan applications to determine their creditworthiness and risk level. Their

primary responsibility is to assess the financial background, credit history, and overall risk

associated with potential borrowers. Here's a detailed job description along with duties

and responsibilities typically associated with this role:

• Job Description:

• Title: Underwriting Specialist

• Job Summary: The Underwriting Specialist is responsible for evaluating loan

applications, assessing risks, and making informed decisions on approving or denying

loans based on established criteria and guidelines.

• Duties and Responsibilities:

• Review Loan Applications: Receive and review loan applications submitted by

borrowers, ensuring all required documentation is complete and accurate.

• 2. Financial Analysis: Conduct thorough financial analysis of applicants, including

reviewing credit reports, income verification, employment history, debt-to

income ratios, and other relevant financial data.

• 3. Risk Assessment: Evaluate the creditworthiness and risk level of each applicant

based on the information gathered during the underwriting process.

• 4. Compliance Check: Ensure that all loan applications adhere to company policies,

lending regulations, and industry standards.

• 5. Decision Making: Make informed decisions on approving or denying loan

applications based on established criteria, risk assessment, and company

guidelines.

• 6. Communication: Communicate decisions to loan officers, borrowers, and other

relevant parties, providing explanations for approval or denial as needed.

• 7. Documentation: Maintain accurate records of loan applications, decisions, and

related documentation in compliance with regulatory requirements.

• 8. Collaboration: Collaborate with loan officers, credit analysts, and other team

members to gather information, address issues, and streamline the underwriting

process.

• 9. Risk Mitigation: Identify potential risks and recommend risk mitigation strategies

to minimize losses and ensure the company's financial stability.

• 10. Continuous Learning: Stay updated with industry trends, lending regulations,

and underwriting best practices to enhance knowledge and skills.

• Conclusion: An Underwriting Specialist plays a critical role in the lending process by

evaluating loan applications, assessing risks, ensuring compliance, and making informed

decisions to support the company's lending objectives while mitigating potential losses.

Job Type: Full-time

Pay: From Php17,000.00 per month

Benefits:

• Opportunities for promotion

Schedule:

• 8 hour shift

Supplemental Pay:

• 13th month salary

Overtime pay
* Performance bonus