Summary
Location
West Valley City
Type
full-time
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About this role
Underwriter
Focus: Put underwriting skills to use, hone the craft, build in depth knowledge of Originations
Have in depth knowledge in:
- Everything learned in Junior Underwriter foundation
- Originations Policies and SOPs, How to utilize and find documentation
- Lending Compliance Laws and Regulations (ie., ECOA, FCRA, TILA Reg.Z, etc.)
- TransUnion and Experian credit bureaus information
- In depth knowledge of policies and SOPs (past memorization, knows a policy & the policies surrounding a policy)
What is expected of you to do:
- Comply with lending laws/regulations (ie., ECOA, FCRA, TILA Reg.Z, etc.)
- Adhere to all company, department, and Origination’s Lending policies
- Escalate Policy and SOP questions using Escalation Process to ensure alignment
- Continue alignment with Department Goals, KPIs, Policies and SOPs
- Underwrite and decision Credit Applications efficiently and accurately
- Work as many applications as possible per day to progress towards personal role advancement
- Make detailed decision notes (link to SOP) on every application and save them in Norman
- Expected to come prepared and participate actively in all meetings and/or forums
- Review submitted income on owned applications
- Take phone calls on owned applications
- Monitor personal Underwriting KPIs (Key Performance Indicators)
- Builds and delivers their personal weekly key performance indicators recaps for management
What is expected of you to do only w/ supervision by Senior Underwriter or Management:
- Income reviews on owned applications w/ Senior or Management supervision/review
- Funding escalations on owned applications w/ Senior or Management supervision/review
- Decision escalations on owned applications w/ Senior or Management supervision/review
Role Advancement Requirements:
- Pass all required Policy Exams
- “Passing” score is outlined in the Policy Exams Program (LINK)
- Pass most recent Training Compliance Audits for the last X applications reviewed
- “Passing” score & number of applications is outlined in the Training and Compliance Program (LINK)
- Passed most recent Training Decision Audits for the last X applications reviewed
- “Passing” score & number of applications is outlined in the Policy audits & decision audits Program (LINK)
- Passed most recent Lending Policy Audits for the last X applications reviewed
- “Passing” score & number of applications is outlined in the Policy audits & decision audits Program (LINK)
- Meet or exceed Key Performance Indicator metrics for Underwriter for X Months
Other facts
About Ken Garff Automotive Group
Ken Garff founded his business in 1932 upon the principles of honesty, integrity, personalized customer service, and being a good corporate citizen. Today, Ken Garff has more than 50 locations throughout Utah, Texas, Iowa, Nevada, Michigan, and California.
To distinguish and strategically position its dealerships, Ken Garff recently retooled its brand. The need for this retooling was driven by an evolving market place and super-savvy customers wanting a different car-buying experience, including more transparency and a higher level of trust. These changes were built around the new brand slogan, "We Hear You."
Despite the company's growth and changes within a challenging market place, Ken Garff is going to great lengths to keep alive and well the principles upon which Ken founded the company, of providing an unsurpassed experience for every customer, every time.
Ken Garff believes in giving back to the communities in which it serves. Since Ken founded his business over 81 years ago, the company has given millions of dollars and thousands of hours to schools, charities and community organizations.
Why Work for Ken Garff?
Ken Garff recognizes the importance of a benefit program that provides protection to our employees and their families. A comprehensive benefits program has been created to fulfill a wide range of needs.
Benefits available to employees include:
• Competitive Compensation Package
• Medical , Dental and Vision
• 401K Plan with Company match
• Paid Time Off
• Holiday Pay
• Volunteer Time Off Program
• Year-end bonus program for all employees
• Personal Wellness Plan
• GarffCare Roadside Assistance Program
• Discounts on Parts and Service and More!
Ken Garff is an Equal Opportunity Employer
((We Hear You))
What you'll do
- The Underwriter is responsible for underwriting and decisioning credit applications efficiently and accurately while adhering to lending laws and company policies. They are also expected to monitor personal KPIs and participate actively in meetings.
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