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Underwriting Specialist

Job Description - Underwriting Specialist

Reports to and takes direction from Underwriting Supervisor.

Underwriting Responsibilities
  • Performs initial Client Underwriting process within 24 hours of submission.
    • Completes initial due diligence on new prospects, including but not limited to
      • Verifies social security number.
      • Performs background checks on individuals and companies.
      • Reviews articles of incorporation.
      • Performs UCC Searches.
      • Reviews Factoring Services Agreement for accuracy.
      • Verifies company information on FMCSA.
      • Completes Secretary of State searches.
    • Updates Salesforce with approval conditions.
    • Reviews and works Documents Received queue in Salesforce when required.
  • Completes file setup within 24 hours of submission.
    • Verifies underwriting conditions are completed.
    • Files UCC Lien.
    • Enters all client information into Cadence.
    • Submits completed file for final review.
    • Escalates exceptions as needed.
  • Communicates with sales team on items needed to complete files.
  • Communicates with secured parties.
  • Performs ghost lien inquiries.
  • Obtains a lien release, waiver or subordination when necessary.
Other Responsibilities
  • Reviews all UCC Searches to reflect and escalates to leadership when necessary.
  • Downloads certificates of insurance from SaferWatch and uploads to Salesforce.
  • Creates and completes Active Awaiting COI cases.
  • Completes weekly UCC Lien Alerts.
  • Completes weekly Business Entity Alerts.
  • Creates Follow-Up Entity Alerts when required.
  • Works SPRS Cases daily.
  • Other duties and responsibilities as assigned.
We Bring:
  • $18 Hourly
  • Performance Incentives
  • PTO
  • Health, Dental, and Life Benefits
  • 401K Matching
  • Abundant professional development opportunities at a growing and thriving alternative Finance company! 
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