Underwriter

Location : Address

Location : City

Location : Postal Code

Responsibilities

JOB SUMMARY:

• Primary responsibilities include the day-to-day underwriting of Consumer, Indirect and Business loans. Evaluates the character, capacity and possible collateral of borrowers to make the appropriate loan decision.

KEY JOB RESPONSIBILITIES:

• Assumes responsibility for reviewing and accurately evaluating the credit worthiness of potential borrowers.
• Evaluates applicant’s employment history. Ensures that the probability of continued employment is good. Verifies applicant had adequate employment history and ensures that all income used in qualifying is expected to continue. Evaluates likelihood of job tenure.
• Evaluates adequacy of the applicant’s income and the probability that the member will be able to meet the expected financial obligations. Examines income trends and determines possibilities for increased income in future years.
• Reviews borrower’s credit. Reviews the manner in which obligations have been met and financial affairs managed. Investigates derogatory credit.
• Completes all underwriting functions in accordance with various program requirements, Michigan First Credit Union standards, and related legal and regulatory requirements.
• Ensures a documented record is kept of the underwriting process documentation in the application notes.
• Ensures that all lending conditions have been satisfactorily met prior to closing. Assumes responsibility for reviewing appraisals and ensuring that determined values are well documented.
• Ensures properties do not need repairs, and sets conditions for inspections if repairs are necessary.
• Reviews comparables to ensure they meet the guidelines for adjustments.
• Reviews appraisal and ensures that risks are appropriate and meet all guidelines of the applicable loan type.
• Assumes responsibility for establishing and maintaining professional working relations with members and external lending professionals and governmental agencies.
• Develops and grows the loan portfolio with quality loans and superior service to our Members.
• May work with outside vendors (Dealers, business partners, etc.) to establish a relationship with the Credit Union that provides superior level of service to our members.
• Maintains awareness of changes in the credit granting field, including government regulation, technological advancements in computerized credit granting, consumer needs and preferences, and other related topics.
• Ensures the Core Values, Isms and other aspects of the culture are upheld. Be an advocate of the Michigan First culture, supporting diversity, philosophy and other Credit Union initiatives. Fosters a positive image of Michigan First via professional representation in all contacts and complies with all of Michigan First’s mission and vision goals.
• Completes special projects as assigned.

Qualifications

QUALIFICATIONS/REQUIREMENTS:

• Must have at least five years’ underwriting experience in a bank, credit union, finance company or savings and loan, or the equivalent combination of formal training and experience obtained at a credit granting institution of comparable size and complexity. Manual underwriting experience is required.
• Experience working in indirect lending, finance company, consumer lending or working with car dealerships is a plus.
• Must have experience preparing loan production reports, analyzing reports and developing appropriate recommendations and solutions to present to leadership.
• Must have a proven track record of following ethical standards, making solid decisions and following safe and sound lending practices.
• Need to have experience utilizing a loan processing system and a Personal Computer. Must have experience with Microsoft Applications such as Excel, Word and Power Point.
• Must have excellent written and verbal presentation and communication skills.
• Must be able to present professionally, persuasively and effectively to external and internal individuals and/or groups.

Who We Are

Michigan First Credit Union was founded more than 90 years ago by educators and delivers world-class service to more than 160,000 members at our branches throughout the State of Michigan, and we’re still growing! We offer financial solutions for every life stage and seek to positively transform our members’ lives through personalized service that meets their unique needs.

Simply put, Michigan First Credit Union’s sole mission is to provide the highest quality member experience. Working here, you’ll get to participate in a strong culture, centered around service, professionalism, and growth.

Michigan First highlights:

• 500 team members
• 32 locations spanning the Metro Detroit area, Grand Rapids, Lansing and Jackson
• Industry leader in community support and charitable giving through the Michigan First Foundation
• Member Services Call Center operates 24/7/365
• Over $1.5 Billion in assets

Awards Michigan First Credit Union has been the proud recipient of:

• 2024 Best & Brightest in the Nation
• 2024 Best & Brightest in Metro Detroit
• 2024 Best & Brightest in West Michigan
• 2024 Best Credit Unions to Work For
• 2024 Crain’s Cool Places to Work
• 2024 Detroit Free Press Top Workplaces
• 2024 Michigan Veterans Affairs Agency - Certified Veteran Friendly Employer - Bronze Level
• 2021 Credit Union of the Year by NAFCU (National Association of Federally-Insured Credit Unions)

Benefits and perks of joining our award-winning team include:

• Very competitive pay
• Low-cost medical, dental, and vision benefit options. Employer-paid life and disability insurance
• 401(k) - 100% match up to 5% deferral
• Tuition reimbursement for both Undergraduate and Graduate degree program
• Access to a complimentary concierge service that assists with nearly any item on your to-do list
• Free, state-of-the-art fitness center at our Lathrup Village headquarters with exercise equipment, showers and locker rooms
• Wellness initiatives and events throughout the year to help team members stay healthy
• Loan discounts for certain secured and unsecured loans and mortgages
• Opportunities for pay increases, incentives and profit-sharing, based on performance
• Onsite subsidized top notch Cafe 26 for team members' use
• Onsite bowling center

Michigan First Credit Union is an Equal Opportunity Employer.