Underwriter

Summary:

Within established guidelines and procedures, perform work requiring the use of judgment and discretion in making credit decisions for members seeking a variety of loans. Responsible for reviewing loan applications, interviewing loan applicants and obtaining other documentation to determine credit worthiness of applicant and disposition of loan. Prepare appropriate documentation and related forms for submittal to the Lending Manager.Develop information and stipulations to process loan applications such as verification of income and credit reports.Employees assigned to this level will underwrite a variety of loans with considerable independence.

Essential Duties and Responsibilities:

1. Act as a resource for dealer and staff questions regarding the Credit Union’s loan programs.
2. Within established guidelines and procedures, perform work requiring the use of judgment and discretion in making credit decisions for consumer (direct/indirect) and real estate loans.
3. Review all applications to insure completeness and accuracy of information. Inform branch personnel, members and/or dealers of loan requirements and matters affecting the granting of loans.
4. Set stipulations for loan applications accordingly to achieve sound lending decision.
5. Inform management of the progress and performance of dealer partners.
6. Prepare monthly production reports and provide information to manager.
7. Provide recommendations, written or verbal, to the Lending Manager and/or the Credit Manager with regards to credit applications outside individual underwriting authority.
8. Assist branch personnel in facilitating the closing and disbursement of loans insuring that guidelines and stipulations are met.
9. Remain current on lending regulations and guidelines.
10. Complete reports as requested by management.
11. Maintain effective working relationship with staff.
12. Register with the Nationwide Mortgage Licensing System and Registry (NMLS). Will be required to undergo a background check.Registration with the NMLS to be maintained on an annual basis.
13. All other duties assigned.

Position Requirements and Qualifications:

1. High school diploma or equivalent.
2. Minimum of two years of underwriting experience or having the equivalent experience by completing all of the following:

• Three years of loan interviewing experience.
• Two years of loan processing experience with consumer loans.
• Minimum of six months of hands on underwriting experience.
• Completion of an industry recognized loan underwriting course, minimum of 20 hours.

1. Strong organization, communication (written and verbal) and analytical skills with the ability to explain underwriting requirements in a clear and concise manner.
2. Strong knowledge of laws, regulations, policies and procedures as they pertain to lending.
3. Proficiency with ten key adding machine, calculator and Microsoft Office products.
4. Working knowledge of computers and ability to learn new systems.
5. Knowledge and understanding of the mission and vision of the Credit Union. Strictly adhere to the Credit Union’s policy of confidentiality, security, professional conduct and dress.
6. Excellent collaborative skills and the ability to develop and maintain positive working relationships are essential.