Group Underwriter reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Group Underwriter calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Group Underwriter may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Group Underwriter work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Group Underwriter typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Founded in early 2008, Fay Servicing is committed to providing innovative servicing solutions for both performing and non-performing mortgage loans. As a specialty mortgage servicer and originator that sees the customer behind every loan, we understand that our customers aren’t loan numbers — they’re homeowners.
Before founding our company, we conducted an exhaustive analysis of the mortgage servicing industry and gained valuable insight into the problems facing mortgage servicers and their customers. With that insight, we set out to build a different kind of servicing company from the ground up.
Come join us on our journey to serve our customers and be the leader in our industry! We are currently looking for an Underwriter to join our team!
The Underwriter will be responsible for making informed credit extension recommendations to the Constructive Loans Credit Committee. The borrowing clientele will consist of experienced and non-experienced Real Estate Investors seeking financing solutions for residential investment projects. The underwriter will play a key role in maintaining the quality of the firm’s assets and mitigating financial losses through the form of a detailed analysis of a borrower’s credit, financial profile, track record, and collateral characteristics. Extensive knowledge of generally acceptable underwriting and lending practices is essential and required. The underwriter will assure that all credit recommendations and property financing loan approvals conform to Constructive Loans Underwriting Guidelines and Investor purchase requirements. The underwriter will be responsible for maintaining all Service Level Agreements established by the Company. Extended work hours may be necessary during peak workflow periods. The Constructive Loans underwriter should always act in a manner consistent with the Company’s commitment to providing an outstanding experience for its clients.
What you will do for Constructive Capital:
What you will bring to Constructive Capital:
Diversity, Equity, and Inclusion are deeply embedded into our way of working at Fay. We believe that the best ideas come from having a team that is diverse in backgrounds, experiences, and perspectives. We strive to ensure each of our employees feels valued, respected, and included and is presented with equal opportunities to be successful here at Fay. We are proud to be an equal opportunity workplace. The Fay Group and affiliated companies participate in E-Verify. For more information go to www.dhs.gov/E-Verify. E-Verify is a registered trademark of the U.S. Department of Homeland Security.