Consumer Loan Processor Underwriter

Baker Boyer Career•Walla Walla, WA

1d•Onsite

About The Position

The Consumer Loan Processor/Underwriter works with the Consumer Loan Advisor providing basic customer service to our clients. They assist in gathering documents from clients and vendors to prepare loans for file underwriting. This individual will help track timely delivery of disclosures, documentation and analyze income and collateral documentation. The individual must be detail oriented, self-motivated and have excellent customer service, communication, organizational and time management skills.

Requirements

Exceptional attention to detail and accuracy
Ability to work under pressure, prioritize multiple job tasks and meet deadlines
Excellent customer service skills
Demonstrate leadership proficiency
Knowledge of federal regulations as they pertain to lending
Understanding of income and financial documentation including comprehension of complete tax returns and supporting documentation
Proactive problem solver
Positive approach to building relationships with other departments
Exceptional verbal and written communication skills
Strong computer literacy, including Microsoft Office
Demonstrated ability to efficiently learn new programs and to proficiently use and interpret data provided by software tools
Demonstrated excellent time management and organizational skills
Leads by example, with approach to work and coworker interactions exemplifying professionalism both in appearance and attitude
Knowledge of all loan type products and consumer and mortgage lending regulations and loan policies.
Bachelor’s or Associate’s degree in business, finance or related degree; two years related experience and/or training; or equivalent combination of education and experience.
General understanding of banking and/or financial services industry.
3 years' experience in consumer level income analysis and underwriting
Proficient understanding of Consumer lending compliance and regulations
Proficient in understanding and analysis of business financials and business structure
Expertise in Freddie Mac lending guidelines and use of the Seller Servicer Guide
Proficient knowledge of Baker Boyer Loan Policy

Nice To Haves

Developed the knowledge, skills and experience to function independently and proficiently in all aspects of loan processing and underwriting in either the Consumer or Commercial channel.

Responsibilities

Greet walk-in clients, answer phones and schedule appointments
Work with clients and Advisors to gather required documents
Work with vendors to complete all necessary order outs as required
Communicate with title companies, realtors, vendors and clients on loan progress
As documents arrive from the client/vendor, review for accuracy and content, updating the information as required
Review appraisals and automated valuation models (AVMs) for accuracy and completeness
Responsible for reviewing, analyzing, approving and underwriting large, unusual or complex individual consumer requests and products within company, investor and industry guidelines
Depending on complexity of underwriting, functions may include reviewing financial statements, credit reports, and applicable ratios (e.g., debt ratios, loan-to-value)
Evaluating consumer loan applications
Examining transactions to ensure accuracy and completeness
Preparing formal reports for review
Ensuring that documents are consistent and uphold to company and industry guidelines
Implementing fraud detection techniques, performing compliance reviews
Assisting with re-negotiations of loans based on lending guidelines
Contacting partners to gather information to make appropriate decisions and explain rationale behind credit decisions
Evaluate all applicants’ credit risk and deliver appropriate credit decisions within approval limits
Coordinates and orders closing documents for both the title companies and clients
Manage follow up items after closing

Benefits

Medical, Dental, Vision plans with additional: AD&D & Life Insurance
Long Term Disability
401(k) - 100% safe harbor match up to 6%, plus an additional profit-sharing contribution, resulting in employer contributions of up to 12% of annual salary.
10 days of Vacation time – The annual Vacation accrual increases by a day each year for the first 10 years, and an additional half day each year for the next 10 years, reaching the maximum Vacation accrual of 25 days at year 20.
7 days of Sick, Safe & More (SSMORE) leave - SSMORE accrues at a rate of 1.2 hours for every 40 hours worked. SSMORE is intended to meet sick and safe leave needs, but it can also be used for vacation or other personal leave.
3 Revive & Renew (R&R) days – We understand the importance of unwinding and recharging, so these R&R days are loaded on the first of each year (prorated for new hires based on the quarter in which they’re hired).
11 Paid Federal Holidays annually
Life Assistance Plan
Free access to financial counselors
Employee Wellness Program
8 hours of paid volunteer time annually