What are the responsibilities and job description for the Medical Underwriter position at Wyhy FCU?
Job Title: Underwriter
We are seeking an experienced Underwriter to join our team at WyHy, a Member-Owned Financial Cooperative. The ideal candidate will have strong consumer underwriting experience and a proven track record of working remotely.
About Us:
WyHy is dedicated to helping our members achieve financial success. We foster a dynamic, fun, and supportive work environment where you can grow professionally and make a real difference in your community.
Benefits:
We offer a comprehensive benefits package, including health, dental, vision, life, and disability insurance, pet insurance allowance, and holiday pay.
Responsibilities:
The Underwriter will prioritize loans, making approval decisions based on creditworthiness and risk. Key responsibilities include:
- CALCULATING, ANALYZING, AND EVALUATING CREDIT, INCOME, ASSETS, AND RISK TO DETERMINE THE LIKELIHOOD OF REPAYMENT FOR LOAN REQUESTS;
- COMMUNICATING DECISIONS (APPROVALS/DENIALS) OF ALL CREDIT APPLICATIONS TO THE APPROPRIATE PARTIES;
- PROVIDING LOAN SUPPORT TO RETAIL STAFF AND INDIRECT DEALERSHIPS;
- SELECTING STIPULATION REQUIREMENTS ON APPROVED APPLICATIONS THAT MEET INTERNAL/EXTERNAL GUIDELINES;
- DEMONSTRATING THOROUGH KNOWLEDGE OF CREDIT UNION LENDING POLICIES AND PROCEDURES;
- ENSURING COLLATERALIZATION AND COLLECTABILITY OF LOAN ASSETS.
Requirements:
We require:
- FIVE YEARS OF EXPERIENCE IN LOAN UNDERWRITING IN A CREDIT UNION OR FINANCIAL INSTITUTION, OR EQUIVALENT COMBINATION OF SCHOOLING AND RELATED EXPERIENCE;
- ABILITY TO MAINTAIN CONFIDENTIALITY WITH PERSONAL PRIVATE INFORMATION;
- STRONG COMPUTER AND MICROSOFT WORD, EXCEL, AND OUTLOOK SKILLS;
- KNOWLEDGE OF CU COLLECTION POLICIES, PROCEDURES, LAWS, AND REGULATIONS;
- KNOWLEDGE OF CREDIT UNION'S LENDING POLICIES AND PROCEDURES, MORTGAGE LOAN POLICY, CREDIT CRITERIA;
- KNOWLEDGE OF CREDIT UNION AND COMPETITOR'S PRICING, PRODUCTS, DELIVERY CHANNELS.
Work Environment:
This position requires physical mobility and the ability to occasionally lift and/or move a maximum of 50 pounds with assistance. Prolonged periods of time may be spent working on a computer and looking at a monitor screen. Core business operating hours are Monday through Friday, 8:00 AM to 5:00 PM; evenings and/or weekends may be required, and travel and time spent outside the office may also be necessary.
