Full-Time

Loan Officer

Confirmed live in the last 24 hours

Lendbuzz

201-500 employees

Auto financing using alternative data, machine learning

Data & Analytics

AI & Machine Learning

Financial Services

Mid

Las Vegas, NV, USA

Required Skills

Sales

Communications

Management

Requirements

1-3 years of experience within a financial services organization, focused on credit and/or risk management
Excellent interpersonal, communication, organizational and writing skills
Ability to develop business relationships with senior management and others throughout the organization
Ability to work onsite at an office location Monday through Friday
Equivalent to a B.S. degree in Business, Finance, or related field

Responsibilities

Conduct independent risk analyses and assessments of loan applications
Support Underwriting in reviewing loan application exception decisions
Assist Sales and Operations in evaluating the effectiveness of credit processes and guidelines, identifying gaps, and recommending improvements and changes as appropriate
Act as subject matter expert/contact point for assigned business areas
Identify material credit concerns
Consult with various stakeholders - including business management, Credit Risk, Operations and Finance – to ensure a comprehensive evaluation
Complete loan contracts and educate clients on policies and regulations
Interview applicants to define financial eligibility and establish debt payment plans
Prepare detailed loan proposals
Reject loan applications and explain deficiencies to applicants
Respond to applicants’ questions and resolve any loan-related issues
Operate in compliance with laws and regulations
Exercise discretion and independent judgement
Perform of office or non-manual work directly related to the general business operations of the customers

At Lendbuzz, we believe financial opportunity should be more personalized and fair. We develop innovative technologies that provide underserved and overlooked borrowers with better access to credit. From our employees to our dealers, partners, and borrowers, we’ve built a company and a culture around a resolute belief in the promise and power of diversity. We value independent and critical thinking.

This position will report directly to the Director of Underwriting, and will work cross-functionally with the sales, operations, and finance teams. This job will involve analyzing, assessing, and approving loan applications based on a number of criteria and factors.

Responsibilities

Conduct independent risk analyses and assessments of loan applications
Support Underwriting in reviewing loan application exception decisions
Assist Sales and Operations in evaluating the effectiveness of credit processes and guidelines, identifying gaps, and recommending improvements and changes as appropriate
Act as subject matter expert/contact point for assigned business areas
Identify material credit concerns
Consult with various stakeholders - including business management, Credit Risk, Operations and Finance – to ensure a comprehensive evaluation
Complete loan contracts and educate clients on policies and regulations.
Interview applicants to define financial eligibility and establish debt payment plans.
Prepare detailed loan proposals.
Reject loan applications and explain deficiencies to applicants.
Respond to applicants’ questions and resolve any loan-related issues.
Operate in compliance with laws and regulations.
Exercise discretion and independent judgement.
Perform of office or non-manual work directly related to the general business operations of the customers.

Experience/Abilities

1-3 years of experience within a financial services organization, focused on credit and/or risk management
Excellent interpersonal, communication, organizational and writing skills
Ability to develop business relationships with senior management and others throughout the organization
Ability to work onsite at an office location Monday through Friday
Equivalent to a B.S. degree in Business, Finance, or related field

We believe:

Diversity is a competitive advantage. We celebrate our differences, and are better when we have a variety of experiences, viewpoints, and backgrounds.

Compassion is a strength. We care about our customers and look to build long-term relationships with them.

Simplicity is a key feature. We work hard to make our forms and processes as painless and intuitive as possible.

Honesty and transparency are non negotiable. We incorporate these traits in all of our interactions.

Financial opportunity belongs to everyone. We work every day to improve lives by extending this opportunity.

If you believe these things too then we would love to hear from you!

Lendbuzz

View

Website

View Company Profile

This employee-friendly company develops unique auto loan solutions by employing alternative data and machine-learning algorithms to evaluate creditworthiness, ensuring fair access to credit for individuals with limited or no credit history. Its approach not only innovates the process of obtaining auto loans but also extends essential floorplanning support to dealerships, helping them serve a wider, more diverse client base. The company's commitment to technological advancements and ethical credit access makes it an excellent workplace for those passionate about impactful fintech innovation.

Company Stage

N/A

Total Funding

$1.5B

Headquarters

Boston, Massachusetts

Founded

2015

Growth & Insights

Headcount

6 month growth

↑ 10%

1 year growth

↑ 34%

2 year growth

↑ 97%

Benefits

Dental & health insurance

401(k)

Company outings

Fitness center

Unlimited PTO

Stocked kitchen

Company issued hardware

Cool swag

Flexible working hours