What are the responsibilities and job description for the Credit Union Lender position at Wyhy FCU?
Job Summary
We are seeking a highly skilled Loan Approval Analyst to join our team at WyHy FCU. In this role, you will be responsible for prioritizing loans to various deadlines and making approval decisions based on creditworthiness and risk. You will also be responsible for communicating decisions (approvals/denials) of all credit applications to their appropriate parties; providing loan support to all retail staff and indirect dealerships; selecting stipulation requirements on any approved applications that meet standards set by internal/external guidelines; demonstrating thorough knowledge of all Credit Union lending policies and procedures; ensuring collateralization and collectability of loan assets.
Responsibilities
The Loan Approval Analyst will be responsible for:
Requirements
The ideal candidate will have five years of experience in loan underwriting in a credit union or financial institution, or the equivalent combination of schooling and related experience. They must also have strong computer and Microsoft Word, Excel and Outlook skills, as well as knowledge of CU collection policies, procedures, laws, and regulations, and credit union's lending policies and procedures, mortgage loan policy, credit criteria, and credit union and competitor's pricing, products, delivery channels.
We are seeking a highly skilled Loan Approval Analyst to join our team at WyHy FCU. In this role, you will be responsible for prioritizing loans to various deadlines and making approval decisions based on creditworthiness and risk. You will also be responsible for communicating decisions (approvals/denials) of all credit applications to their appropriate parties; providing loan support to all retail staff and indirect dealerships; selecting stipulation requirements on any approved applications that meet standards set by internal/external guidelines; demonstrating thorough knowledge of all Credit Union lending policies and procedures; ensuring collateralization and collectability of loan assets.
Responsibilities
The Loan Approval Analyst will be responsible for:
- Prioritizing loans to various deadlines and making approval decisions based on creditworthiness and risk
- Calculating, analyzing, evaluating, and making independent decisions on credit, income, assets, and risk to determine the income or probability of repayment for loan requests
- Communicating decisions (approvals/denials) of all credit applications to their appropriate parties
- Providing loan support to all retail staff and indirect dealerships
- Selecting stipulation requirements on any approved applications that meet standards set by internal/external guidelines
- Demonstrating thorough knowledge of all Credit Union lending policies and procedures
- Ensuring collateralization and collectability of loan assets
Requirements
The ideal candidate will have five years of experience in loan underwriting in a credit union or financial institution, or the equivalent combination of schooling and related experience. They must also have strong computer and Microsoft Word, Excel and Outlook skills, as well as knowledge of CU collection policies, procedures, laws, and regulations, and credit union's lending policies and procedures, mortgage loan policy, credit criteria, and credit union and competitor's pricing, products, delivery channels.
