
Loan Officer
1 day ago
Job Summary:
We are seeking a highly skilled Loan Officer with expertise in credit and risk management, specifically focused on mortgage underwriting within the Australian market.
Key Responsibilities:
- Assess home loan/mortgage applications based on Australian credit policy and guidelines to ensure high-quality credit decisions.
- Conduct thorough income verification, credit checks, property valuation reviews, and responsible lending assessments.
- Collaborate with brokers, lenders, and internal teams for clarifications or documentation gaps.
- Deliver timely and high-quality credit decisions while meeting service level agreements (SLAs) and compliance standards.
- Ensure adherence to regulatory requirements, including the National Consumer Credit Protection Act (NCCP) and anti-money laundering (AML) regulations.
- Support junior team members and drive process improvements.
- Prepare reports on pipeline performance, SLAs, and quality metrics.
Requirements:
- Bachelor's/Master's degree in Finance, Commerce, or a related field.
- Minimum 5 years of mortgage underwriting experience, with at least 2-3 years in the Australian home loan domain.
- Strong understanding of Australian credit policies, responsible lending guidelines, and loan origination systems.
- Experience working with multiple lenders is an asset.
- Excellent analytical, communication, and documentation skills.
- Ability to work effectively in fast-paced environments and meet deadlines.
Preferred Skills:
- Certification in mortgage lending or credit assessment.
- Experience with various income types, including PAYG, self-employed, rental, foreign income.
- Sound knowledge of credit bureaus like Equifax (AU).
- Familiarity with verification tools and fraud checks used in the Australian mortgage ecosystem.
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