Consumer Loan Underwriter

Customer Service Other Financial Services Banking

The Consumer Loan Underwriter will utilize good judgment and underwriting skills to quickly evaluate loan applications for risk and approve loan requests, which are structured to perform and meet member needs. Responsibilities include:

  • Exercises sound judgment and discretion to approve or deny loans as specified in the Board approved loan policies based on compliance with applicable laws and regulations and credit criteria; exercises sound judgment and discretion to establish conditions for loan disbursement, issue disbursement instructions to loan processors.
  • Construct and approve loan offers in accordance with delegated approval authority and loan policy. 
  • Utilizes policy and procedure to build performing loans.
  • Document adverse actions as needed and prepare systems to produce denial letters.
  • Conduct credit analysis on each loan application including cash flow analysis, debt ratio calculation, credit scoring and collateral valuation.
  • Provide and ensure that all regulatory disclosures are sent in a timely and compliant manner. 
  • Adhere to code of ethics.
  • Approves loans with any stipulations. Clarifies any stipulation discrepancies with department processors as needed.
  • Develops cross-sell and up-sell opportunities to maximize member relationship.
  • Consistently meets established productivity performance standards. 
  • Adheres to all local, state, and federal laws/regulatory requirements as related to functional areas.
  • Maintain a proficient knowledge of all credit union products and services, as well as industry trends and benchmarks, and products and services offered by the competition.
  • Have and maintain the NMLS designation.
  • Performs other duties as may be assigned.

Rate of Pay starting range $19.24 - $28.37 per hour

Powered By GrowthZone