Consumer Loan Underwriter I, PM

NATURE AND SCOPE

This position, reporting to the Manager of Indirect Loan Underwriting, is responsible for the timely and comprehensive evaluation of indirect loan applications. The Consumer Loan Underwriter I assesses key underwriting components, identifies potential compensating risk factors, and ensures the accuracy and quality of each application by adhering to federal and state regulations, as well as company policies, guidelines, and procedures.

REQUIREMENTS

• High school diploma or equivalent and a minimum one year of prior consumer lending experience. Prior processing and/or underwriting experience preferred.
• Knowledge of general lending policies and ability to make sound lending decisions.
• Excellent verbal and written communication skills.
• Strong problem solving, organizational, negotiation and interpersonal skills
• Must be able to pass Landmark Credit Union underwriting test.
• Self-motivated and takes steps to continually expand knowledge of financial industry
• Able to cope with pressured situations, focus on speed and accuracy.
• 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

• 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.
• Applies proper risk management, fair lending and regulatory compliance to be consistent with the organization’s credit policy for all credit decisions.
• Approves or denies loans based on risk factors within approved authority level.
• Communicates effectively and professionally and finds resolutions with dealers and other departments regarding decisions or conditions required for loans to be funded.
• Maintains an acceptable level of quality as determined by established loan error standards.
• Keeps current with knowledge of lending updates, criteria guidelines, procedure, policies and processes in order to make sound lending decisions.
• Performs other duties as required.