Consumer Loan Underwriter
Required skills
- NMLS designation
- credit analysis
- cash flow analysis
- debt ratio calculation
- collateral valuation
- credit scoring
- loan policies
- regulatory disclosures
- board approved loan policies
- lending experience
Nice to have
- credit union
- banking environment
- performing loans
- technology and software
- risk tolerance
- member service
Role summary
The Consumer Loan Underwriter evaluates loan applications for risk, approving or denying requests based on Board-approved policies, credit criteria, and compliance with applicable laws and regulations. This role involves conducting credit analysis, including cash flow, debt ratio, and collateral valuation, and ensuring timely and compliant regulatory disclosures. The underwriter must adhere to ethical standards, maintain knowledge of credit union products and industry trends, and possess the NMLS designation. The position requires strong judgment, critical thinking, and interpersonal skills to manage multiple priorities in a fast-paced, on-site environment.
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
- 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:
Monday – Friday. 8:15am – 5:00pm
Work Location:
Fully On-Site
