Lending Support Underwriter

POSITION PURPOSE

Responsible for reviewing, and underwriting applications for consumer direct & indirect, home improvement, home equity, credit card and line of credit loans. Ensures internal customers are promptly and professionally served. Assists staff with any loan account problems and answers staff questions regarding Credit Union loan policies, procedures, products and loan decisions. Communicates to frontline staff the need to obtain additional loan information and documentation required to formulate and relay credit decisions.

Assist in the processing of new member accounts and loans received via indirect channels. Ensures accuracy of information needed to formulate a decision based on set criteria established within the credit union loan origination system. Analyzes data to formulate decisions outside of the automated processes capabilities. Ensures compliance with Fair Lending laws and federal regulations of consumer loans. Presents loan requests above lending limit for approval as per loan policy.

(E) Essential or (N) Nonessential

• (E) 45%  Evaluates and analyzes current financial position of members to determine the degree of risk involved in extending credit or lending money. Makes decision to approve, deny, or forward the loan request to higher levels for decision. Requests additional information if required.
• (E) 20%  Prepares complete and accurate home equity loan documents. Explains the home equity terms and conditions as well as the options to members. Completes home equity closing process with the member.
• (E) 10%  Assists in servicing loans by processing such items as payoffs, refinances, problem loan workout arrangements, payment extensions, collateral releases, and payment due date changes at the direction of the Collections department and Lending Support Manager.
• (E) 10%  Ensures compliance with terms and conditions on current loans. Keeps compliant and informed of current trends and laws on lending and consumer credit.
• (E) 10%  Reviews terms, conditions and stipulations post funding for loans ensuring the information's accuracy and integrity.
• (N) 5%  Performs other job related duties as assigned.

PERFORMANCE MEASUREMENTS

EDUCATION / CERTIFICATION :

REQUIRED KNOWLEDGE :

EXPERIENCE REQUIRED :

SKILLS / ABILITIES :

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

WORKING CONDITIONS

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

INTENT AND FUNCTION OF JOB DESCRIPTION

This job description is intended as a summary of the major duties and responsibilities as well as qualifications for this position. The job description is not intended as inclusive of all duties an individual in this position might be asked to perform or of all qualifications that may be required either now or in the future.

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the Credit Union.

Job descriptions are not intended as and do not create employment contracts. The Credit Union maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.