About Company
Are you an experienced Loan Underwriter seeking a dynamic environment where your expertise directly impacts growth? Career.zycto is revolutionizing financial service delivery, and we believe our strength lies in our meticulous underwriting team. We’re not just processing applications; we’re building futures and securing sound investments. Our supportive culture values precision, analytical prowess, and ethical decision-making. Join us in Downtown Newark and become an integral part of a forward-thinking organization that champions professional development and recognizes the critical role you play in our success and our clients’ financial well-being. This is where your skills truly shine.
Job Description
Career.zycto is actively seeking a highly skilled and detail-oriented Loan Underwriter to join our vibrant team in Downtown Newark. This is an unparalleled opportunity for an individual with a strong foundation in credit analysis and risk assessment to contribute significantly to our mission of providing sound financial solutions. As a Loan Underwriter, you will be a critical gatekeeper, evaluating loan applications, assessing borrower creditworthiness, and ensuring all applications adhere to our rigorous lending standards and regulatory requirements.
Your day-to-day will involve meticulously reviewing financial documentation, including credit reports, income statements, and asset verification, to determine the level of risk associated with each loan. You will be instrumental in making informed, justifiable lending decisions that align with our company’s risk appetite while supporting our clients’ financial aspirations. We pride ourselves on a collaborative environment where underwriters work closely with loan officers, processors, and sales teams to facilitate a smooth and efficient loan process, ensuring transparency and clear communication at every step.
We are looking for someone who not only possesses a deep understanding of underwriting principles but also has an unwavering commitment to accuracy, ethical practice, and customer service. You will navigate complex financial scenarios, identify potential discrepancies or red flags, and articulate your findings and decisions effectively. This role offers a chance to grow your expertise within a supportive framework, utilizing cutting-edge tools and methodologies. If you are passionate about financial integrity, thrive in a fast-paced setting, and are eager to play a pivotal role in a company that values precision and impact, we encourage you to apply and become a vital part of the Career.zycto family.
Key Responsibilities
- Analyze and evaluate loan applications, financial statements, credit reports, and collateral to assess creditworthiness and risk.
- Verify income, assets, and employment history in accordance with company policies and regulatory guidelines.
- Make informed and sound lending decisions based on thorough analysis and adherence to established criteria.
- Communicate effectively with loan officers, processors, and sales teams regarding underwriting decisions, conditions, and requirements.
- Ensure all loan files are complete, accurate, and comply with federal and state regulations (e.g., Fair Lending, ECOA).
- Identify and mitigate potential fraud risks, implementing appropriate preventative measures.
- Collaborate on process improvements to enhance efficiency and maintain high quality in underwriting operations.
- Stay current with industry trends, market conditions, and changes in lending regulations.
Required Skills
- Minimum of 4 years of experience as a Loan Underwriter in a financial institution.
- Demonstrated proficiency in credit analysis, risk assessment, and financial statement review.
- Strong knowledge of residential, commercial, or consumer loan products and underwriting guidelines.
- In-depth understanding of relevant federal and state lending regulations.
- Exceptional analytical, problem-solving, and decision-making skills.
- Excellent written and verbal communication abilities.
- High level of accuracy, attention to detail, and organizational capabilities.
- Proficiency with loan origination systems (LOS) and Microsoft Office Suite (Excel, Word, Outlook).
Preferred Qualifications
- Bachelor's degree in Finance, Business Administration, Economics, or a related field.
- Relevant professional certifications (e.g., Certified Underwriter, Credit Risk Management).
- Experience with diverse loan portfolios or complex financial structures.
- Familiarity with the local real estate and economic conditions of the Newark, NJ market.
Perks & Benefits
- Comprehensive health, dental, and vision insurance plans.
- Generous paid time off, including vacation, sick leave, and company holidays.
- 401(k) retirement plan with competitive company matching contributions.
- Life and disability insurance coverage.
- Opportunities for professional development, training, and tuition reimbursement.
- Employee assistance program (EAP) for personal and professional support.
- Modern, accessible office space in the heart of Downtown Newark, close to public transportation.
- Performance-based bonuses and recognition programs.
- A collaborative and supportive work environment focused on team success.
How to Apply
Ready to make a significant impact as a Loan Underwriter? We invite you to join Career.zycto’s dedicated team. To apply for this exciting opportunity, please click on the application link below. Be sure to submit your resume and a cover letter detailing your relevant experience and why you are the ideal candidate for this role. We look forward to reviewing your application!
