Octane
Finance
CreditSpecialistUnderwriter
“Credit Specialist - Underwriter at Octane. Skills: Loan Underwriting, Loan Processing, Sales, Customer Service, Underwriting guidelines, Lending standards, Communication. Review and verify applicant’s personal information and financial records for the loan. Evaluate loan application information against various lending standards”
What You'll Achieve.
Increase dealer's monthly funded loan count toward a specific target; Meet monthly goals; Pass quality assurance audits
Industry & Context.
Work a 10 AM - 7 PM CST shift, Rotating Saturdays
What They're Looking For.
Must Have
Minimum high school diploma/GED required, 1-2 years of experience in Loan Underwriting or Loan Processing, Previous experience in Sales and/or Customer Service, Thorough understanding of debt-to-income, payment-to-income, and loan-to-value ratios, Knowledgeable on different income sources for consumers, Clear understanding of reading supporting documentation (paystubs, 1099, W2, 1040, bank statements), Excellent telephone, communication (oral and written), interpersonal and organizational skills a must, Goal oriented with an energetic, enthusiastic, and positive attitude, Self motivated with a ability to multitask, prioritize, and manage time effectively, Able to work well under pressure to meet monthly goals while passing quality assurance audits, Able to prioritize and execute tasks using multiple tools at any given time
Nice to Have
Previous experience in the auto or powersports industry, Experience working in automotive or powersports dealerships is a plus
What You'll Do.
Review and verify applicant’s personal information and financial records for the loan
Evaluate loan application information against various lending standards
Inspect the application documentation for suspicious or fraudulent activity
Engage and build rapport with dealer partners via inbound and outbound phone calls
Provide dealer partners with thorough explanations of decline reasons along with advance caps for approvals
Explain regression model as it pertains to loan decisioning and loan terms
Provide onboarding support for newly enrolled dealers
Walk dealers through using the platform and structuring their loan contracts
Assist consumers applying through the consumer platform with missing stipulations
Communicate with consumers in reference to their own applications
Follow applicable state and federal laws
How You'll Work.
Team & Collaboration
Work closely with our sales team to help foster already established relationships; Collaborate with sales team to take handoff from sales team; Work directly with dealers across all engagement levels and verticals; Provide assistance to dealers in understanding underwriting guidelines; Guide dealers through navigating the dealer contracting platform; Communicate with consumers applying through our consumer platform; Handoff of the application to the dealer
Communication Scope
Excellent telephone communication; Excellent written communication; Interpersonal skills
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