What are the responsibilities and job description for the Consumer Loan Underwriter (Onsite) position at Frontwave Credit Union?
Overview
As a Consumer Loan Underwriter you are responsible for building a quality loan portfolio by examining, evaluating, decision making or recommending a decision on consumer loan applications
About Frontwave Credit Union:
Frontwave Credit Union is a member-owned not-for-profit financial institution serving San Diego, Riverside, San Bernardino and Imperial counties. Founded in 1952, we have grown to 18 branches with 125,000 members and manage over 1.8 billion in assets. At Frontwave Credit Union, we are focused on creating consumer solutions to provide our members and the communities we serve with products and services that enhance the quality of life for our members through exceptional service and the progressive application of technology.
What’s In It For You:
Competitive pay, 401k matching, mortgage and auto discounts.
9-27 days of PTO per year (based on tenure), VTO and 10 paid holidays.
Affordable medical, dental, vision health plans, and Flexible Spending Account.
Employee Assistance Program with a variety of services.
Career development, training, and coaching, mentoring; tuition reimbursement up to $4,000/year.
Culture of excellence and continuous improvement.
We strive to be the best place you’ve ever worked!
Responsibilities
Essential Duties and Responsibilities:
Includes the following non-inclusive list. Other duties may be assigned. All duties are to be performed in compliance with applicable laws, regulations, and Credit Union policies and procedures. Assumes responsibility for effectively evaluating loan-related requests.
Direct Lending:
- Obtain and maintain loan authority of up to $65,000.
- Reviews loan application and evaluates credit criteria to determine level of risk.
- Requests additional information as necessary to decision.
- Evaluate quality of collateral as compared with request.
- Effectively decisions loan based on qualifications and risk to member and credit union.
- Assist internal members over the phone with underwriting/policy/procedure inquiries
- Review unsecured revolving LOC and Visa accounts on a periodic basis to determine action
- Ensures that loan requests are properly documented.
- Potentially assist training originators in understanding the underwriting function.
Indirect Lending:
- Obtain and maintain loan authority of up to $65,000.
- Reviews loan application and evaluates credit criteria to determine level of risk.
- Requests additional information as necessary to decision.
- Evaluate quality of collateral as compared with request.
- Effectively decisions loan based on contract requirements, qualifications and risk to member and credit union.
- Make outbound calls to dealer customers to generate indirect business
- Educate and Assist external dealer customers over the phone with underwriting/policy/procedure inquiries
- Assumes responsibility for establishing and maintaining effective coordination and communication with management and credit union staff.
- Assists department personnel as needed.
- Participates in various credit union sponsored car sales and other events outside of the department
- Effectively supports department and organizational goals and initiatives
- Keeps Management informed of activities and of any significant problems with regards to lending function.
- Completes reports, records promptly and accurately
- Assist in documenting and tracking multiple variables to determine and monitor trends
Qualifications
Education and/or Experience:
High School Diploma or general education degree (GED). One year lending experience in a credit union or similar financial institution. Basic knowledge of consumer lending principles
Salary Range: $27.36 - $41.03
Service Excellence Standards
When joining Frontwave Credit Union, you can expect to be a part of a workforce committed to the following Service Excellence standards: • We see it. We own it. We get it done. • We ignite positive experiences. • We do things right every time. • We are collaborators - united, cohesive and engaged • We innovate and evolve. • We create memorable experiences for life. • We starts with me.