Consumer Lending Underwriter II

Bellco Credit Union • Greenwood Village, CO

7d • Hybrid

About The Position

The Consumer Lending Underwriter II will review and analyze both direct and indirect loan applications to determine whether applicants meet financial and creditworthiness criteria. The Underwriter II assesses the risk associated with approving a loan, evaluates the borrower’s income, credit history, employment history, debt-to-income ratio, confirms compliance with guidelines and all regulatory requirements (both state and federal), and to render a sound credit decision. The Underwriter II will utilize experience to drive consistency and in mentoring team members. Will also assist in training as necessary and will provide advanced technical expertise. As part of the Consumer Lending Underwriting team, Underwriter II strives to provide exceptional service to all members. The Consumer Loan Underwriter II may participate in QC activities.

Requirements

• Minimum 3 years’ experience in underwriting, preferably with Consumer Lending experience
• Knowledge of general lending guidelines including state, federal and fair lending
• Bachelor’s degree in related field or equivalent experience preferred
• Ability to work with a high degree of confidentiality
• Ability to adjust and effectively incorporate changes to guidelines and procedures in a timely manner
• Thorough understanding of credit reporting and credit analysis
• Proven ability to analyze income documentation including personal and business tax returns and complete a cash flow analysis.
• Ability to apply guidelines and lending matrices
• Ability to review member data in Core system
• Working knowledge of home equity processing and state and federal lending guidelines
• Proficient with Microsoft Office (Word, Excel, Outlook).
• Strong analytical and decision-making skills.
• Strong attention to detail.
• Organized and ability to handle fast paced environment with time management skills with the ability to prioritize workload.
• Strong communication skills both verbal and written.
• Demonstrates strong analytical/problem solving and time-management skills.
• Ability to work flexible hours

Responsibilities

• Review and analyze direct and indirect loan applications.
• Determine if applicants meet financial and creditworthiness criteria.
• Assess the risk associated with approving a loan.
• Evaluate borrower's income, credit history, employment history, and debt-to-income ratio.
• Confirm compliance with guidelines and all regulatory requirements (state and federal).
• Render sound credit decisions.
• Drive consistency and mentor team members.
• Assist in training and provide advanced technical expertise.
• Provide exceptional service to all members.
• Participate in QC activities.
• Manage pipeline and complete work within established Service Level Agreement (SLA) standards.
• Be responsible for increased production due to advanced technical expertise.
• Be responsible for accuracy and completion of activities associated with the underwriting of home equity lines of credit.
• Be responsible for accurate math computations including but not limited to income, debt to income ratios, loan to value ratios and combined loan to value ratios.
• Ensure compliance with regulatory, and Agency requirements including but not limited to RESPA, Homeowner’s Protections Act of 1998, SCRA, Fair Credit Legislation, HMDA, and CFPB.
• Make final underwriting decisions on loans within granted lending authority that may involve approving or denying applications.
• Apply lending guidelines fairly and without bias.
• Contribute to compliance, auditing, and other organization-wide initiatives.
• Provide Quality Control support.
• Manage fluctuating volumes which may include times of high volume.
• Work with management team to distribute and reallocate pipelines as necessary to ensure member experience.
• Identify training needs for team members and may lead on the job training.
• Ensure member satisfaction within all loan channels and points of contact with frontline, back-office staff and members.
• Report vendor performance and service standards to the management team, as necessary.
• Collaborate internally with other team members to troubleshoot questions/issues and resolve inquiries while adhering to response time and quality goals.
• Maintain regular and punctual attendance with flexible hours.

Benefits

• Medical
• Dental
• Vision
• 401 (k) with company match
• Supplemental Life Insurance
• Paid Vacation
• Paid Sick Days
• Paid Holidays
• Bonuses for meeting production goals
• Bonuses for meeting team goals
• Annual managerial bonus (for exempt non-branch management roles)
• On-the-spot bonuses for extraordinary performance (for non-branch non-management roles)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree