Consumer Loan Underwriter

SUMMARY

Under the direction of the Consumer Loan Underwriting Manager, the Consumer Loan Underwriter is responsible for underwriting and evaluating secured, unsecured and VISA loans in the Consumer Loan Department.   

ESSENTIAL FUNCTIONS 

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The following statements are intended to describe the general nature and level of work being performed by this position.  It is not intended to be an exhaustive list of all duties, responsibilities, and skills required of this position.  Other duties may be assigned to meet business needs.

Underwrites secured, unsecured and VISA loan applications.

Evaluates all loans to maximize organizational profit and minimize risk or loss.

Understands LoansPQ and its application process.

Explores and offers counter options for all potential loans.

Calculates income figures and debt to income ratios.

Computes interest and payments.

Maintains dealership relationships.

Explains reason for denial and explores options to members.

Performs within consumer loan lending limits approved by Board of Directors.

Understandings risk-based lending.

Reviews and understands credit reports and can interpret individual reports for members.

Understands proper loan documentation and preparation.

Responds to members’ inquiries and requests; assists in completing forms and documents.

Resolves member and dealer issues and concerns.

Assists with existing line of credit reviews.

Reviews member requests to skip or modify payments.

Understands and runs Kelley Blue Book®, AutoCheck®, CVR’s and ChexSystems® reports.

Assists members in understanding how their payments are posted to their accounts.

Calculates payoff on vehicle loans for dealerships while ensuring member loan retention.

Understands LOANLINER® and indirect lending paperwork.

Regularly attends and participates in in-house training.

Performs duties as assigned by management and may be assigned to work at any location.

QUALIFICATIONS

The qualifications listed below are representative of the knowledge, skill and/or ability required to perform the essential functions of this position.

Education and Experience 

High school diploma or GED desired.

Three or more years of increasingly responsible experience in and knowledge of consumer lending procedures, practices and policies and credit fundamentals.

Two or more years of consumer loan processing experience.

Certificates, Licenses and Registrations

Must be registered and in good standing with NMLS and renew registration each year.

Knowledge

Experience with Symitar®, Base 2000 and other computer systems and software needed to perform job.

CA DMV policies and procedures.

Credit Union products, services, programs and promotions.

Other Skills and Abilities

Performs duties accurately and efficiently, even with frequent interruptions.

Operates a variety of office equipment and machines.

Travels, attends, and participates in meetings, seminars, and conferences held before and after normal business hours that may require unaccompanied long-distance travel and overnight lodging.

Ability to work a variety of hours, including evenings and weekends.