By callmepandeyji.com 
Join HCL Nagpur as a Consumer Loan Underwriter. Seeking professionals with 1–5 years of experience in consumer lending. Apply now.
Job description.
Experience-1-5 years
Designation – Analyst/Senior Analyst
Process: Consumer Loan Underwriting
Job Location: HCL Nagpur
Purpose of Job at Hcl Nagpur location:
Hcl Nagpur are currently seeking talented Consumer Lending Underwriters with a minimum of 1 to 5 years of experience specifically in Consumer loan Underwriting.
This is a Chat based Back-office process, where the borrowers/agents would contact the analyst requesting a decision on a Consumer Loan product offered by the client
The process involves Underwriting for Secured and Unsecured loans which involves a detailed study of the borrowers credit standing, credit worthiness and capacity to pay. A detailed investigative analysis of the borrowers credit report along with evaluation of income would be required to take a decision on the loan.
Responsibilities:
- Candidates shall be responsible for rendering decisions on loan applications based on established criteria and determine risk associated with borrower based on profile and parameters.
- Communicate decisions that most effectively mitigate credit risks, including data integrity and validity of information submitted.
- Review borrowers credit reports to ascertain the credibility with respect to honouring payment obligations and evaluate any credit red flags like delinquencies, charge offs, or bankruptcies.
- Evaluate and verify income documents like Pay stubs, W2’s, and IRS Tax return documents to determine whether borrower has the capacity to repay the loan based on a complete evaluation and verification of the borrower’s income.
- Post evaluation and assessment of the degree of risk, document the reasons for approval or denial of the loan and add the documentation to the loan file.
- Works under moderate supervision; acquires and applies maturing knowledge of the business, its products, and processes.
- Applies understanding of established guidelines and all other regulatory requirements when evaluating loan attributes while utilizing prudent underwriting judgment and experience.
Skills required:
- Must have excellent written and comprehension skills.
- Must have excellent decision-making skills that are backed by relevant details and research.
- Good analytical, logical and audit skills.
- Close attention to detail.
Minimum Requirements:
- Minimum 1to 5 years’ experience specifically in Consumer Loan Underwriting (Auto Loans and Personal Loans) for the US market
- Willingness to work 5 days a week with rotational weekly offs (Saturday and Sundays may/may not be off) is a must
- Should be well versed with Income verification and Credit Verification
- Good knowledge of Banking and lending principles
- Should be a team player with good interpersonal skills.
- Graduation in any discipline.
- Role: Risk Management & Compliance – Other
- Industry Type: IT Services & Consulting
- Department: Risk Management & Compliance
- Employment Type: Full Time, Permanent
- Role Category: Risk Management & Compliance – Other
- Education
- UG: Any Graduate
- PG: Any Postgraduate
Key Skills
Skills highlighted below are preferred key skills for Hcl Nagpur Loan Underwriting job.
- Underwriter
- Consumer Loan
- Secured Loan
- Auto Loans
- Credit Risk
- Unsecured Loans
For HCL Nagpur Consumer Loan Underwriting job.
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Written by Callmepandeyji (Abhishek Kumar)
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