Credit Authorizers
Did you know?
Credit authorizers must stay current with federal lending regulations like the Fair Credit Reporting Act and Equal Credit Opportunity Act to ensure compliant decision-making.
At a glance
Typical average pay
$48,800 Avg/yr
Growth
Stable
Top skill
Active Listening
Things to consider
Technology Adaptation
The increasing use of automated underwriting systems requires credit authorizers to develop technical skills and adapt to evolving digital lending platforms.
Economic Cycle Sensitivity
Employment opportunities in credit authorization fluctuate significantly with economic conditions and lending market activity in the United States.
Key responsibilities
Examine city directories and public records to verify residence property ownership, bankruptcies, liens, arrest record, or unpaid taxes of applicants.
File sales slips in customers' ledgers for billing purposes.
Call customers to collect payment on delinquent accounts.
Contact former employers and other acquaintances to verify applicants' references, employment, health history, or social behavior.
Prepare reports of findings and recommendations.