What are the responsibilities and job description for the Indirect Loan Underwriter position at Landmark Credit Union Talent Acquisition?
At Landmark Credit Union, we succeed by putting people first - and that starts with you. Our culture of inclusion and collaboration enables us to support our members’ financial wellbeing, positively impact the communities we serve, and help our associates grow their careers. Bring your authentic self to work as part of an organization where you’ll feel valued for your unique qualities, are enabled to reach your full potential, and are recognized for your contributions to our success. We strive to ensure you feel empowered to grow and succeed, while also feeling valued and taken care of, as we all do our part to put people first. We invite you to learn more about this and other opportunities at Landmark Credit Union.
NATURE AND SCOPE
This position reports to the Manager, Indirect Loan Underwriting. The Indirect Loan Underwriter is responsible for the timely and thorough analysis of loan applications by effectively evaluating underwriting components and identifying potential compensating risk factors. Ensures the quality of every loan application by maintaining awareness of federal/state regulations and company guidelines, policies, and procedures.
This position reports to the Manager, Indirect Loan Underwriting. The Indirect Loan Underwriter is responsible for the timely and thorough analysis of loan applications by effectively evaluating underwriting components and identifying potential compensating risk factors. Ensures the quality of every loan application by maintaining awareness of federal/state regulations and company guidelines, policies, and procedures.
REQUIREMENTS
1. High school diploma or equivalent and a minimum one year of prior consumer lending experience. Prior processing and/or underwriting experience preferred.
2. Knowledge of general lending policies and ability to make sound lending decisions.
3. Excellent verbal and written communication skills.
4. Strong problem solving, organizational, negotiation and interpersonal skills
5. Must be able to pass Landmark Credit Union underwriting test within 90 days.
6. Self-motivated-and takes steps to continually expand knowledge of financial industry
7. Ability to cope with pressured situations, focus on speed and accuracy.
8. Must develop a thorough understanding of company policies and procedures as they relate to this position. Must comply with all company policies and procedures and all job related state and federal laws and regulations.
PRINCIPAL ACCOUNTABILITIES
1. Verifies accuracy of information submitted with loan application from Landmark Credit Union dealer network. Ensures application information matches, calculate/verify income information, verify tax and employment information, review all other related documents.
2. Applies proper risk management, fair lending and regulatory compliance to be consistent with the organization’s credit policy for all credit decisions.
3. Approves or denies loans based on risk factors within approved authority level.
4. Communicates effectively and professionally and finds resolutions with dealers and other departments regarding decisions or conditions required for loans to be funded.
5. Meets or exceeds the underwriting standards established for reviewing loans that fall into an underwriting review queue.
6. Maintains an acceptable level of quality as determined by established loan error standards.
7. Keeps current with knowledge of lending updates, criteria guidelines, procedure, policies and processes in order to make sound lending decisions.
8. Assists in conducting audits to ensure loan policies and procedures are followed.
9. Performs other duties as required.
EEO/Veterans/Disabled