Loan Underwriter

Description

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.

Duties & Responsibilities

For all loan types:

• 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.
  
  

Requirements

• Possess two to four years of previous lending experience in credit union/banking environment.
• Credit skill, interpersonal skills and ability to communicate clearly while handling multiple priorities.
• Demonstrated commitment to making performing loans.
• Comfort working in a fast-paced environment.
• Adept at utilizing most current technology and software.
• Displays a tolerance for risk as defined in Board approved policies.
• Possesses critical thinking skills and applies learned lending principles according to the unique needs of each member and their risk profile.
• Displays a positive attitude. Strong commitment to provide excellent member service with a “whatever it takes” attitude.
  
  

Work Schedule: Mon. – Thurs. 8:15am – 5:00pm Fri. 8:15am – 6:00pm Sat. 9:00am – 1:00pm

(Every other week) (Every other week)