Consumer Loan Underwriter and Training Specialist

Hills Bank•Hills, IA

11d•Onsite

About The Position

This role provides assistance for the consumer lending function through loan processing, consumer loan underwriting, and loan reporting/tracking. Key responsibilities include supporting the Consumer Loan Processing group by processing home equity loans, home equity lines of credit, consumer loans, and disclosures. The role also involves preparing extension agreements and loan modifications, and underwriting home equity loans in accordance with income verification standards. The position also acts as a Training Specialist, providing guidance to co-workers and lenders on compliance and documentation requirements.

Requirements

Associate's degree (A.A.) or equivalent from a two-year college or technical school; or three years related experience and/or training; or equivalent combination of education and experience.
Knowledge of Microsoft Office, DecisionPro, LaserPro, and credit reports.
Ability to provide guidance for co-workers and lenders concerning compliance and documentation requirements.
Ability to prepare preliminary disclosures in a timely manner.
Ability to review loans for accuracy, compliance, and adherence to policy.
Ability to acquire information required for processing.
Ability to work closely with 3rd party servicers.
Ability to generate loan documents.
Ability to obtain pay-off information and review lien searches and title work.
Ability to maintain knowledge and comply with federal and state compliance laws and regulations.
Ability to maintain knowledge of current loan documentation guidelines.
Ability to learn and maintain knowledge of the bank's loan software systems.
Ability to provide excellent customer service.
Ability to underwrite loan and credit card applications.
Ability to prepare and review maturity loan portfolio.
Ability to prepare loan modifications and extension agreements.
Proficiency in understanding personal finances.
Ability to collaborate with the credit department and lenders.
Ability to maintain knowledge and understanding of bank policy and applicable laws and regulations.
Ability to generate loan exception reporting systems.
Ability to work inter-departmentally to track loan performance.
Ability to review and document consumer loan policies and procedures.
Ability to maintain electronic documentation.

Nice To Haves

Technical training in loan documentation and compliance issues preferred.

Responsibilities

Process home equity loans, home equity lines of credit, and consumer loans.
Prepare preliminary disclosures in a timely manner.
Review loans to ensure accuracy of documentation, compliance with federal and state regulations, and adherence to in-house loan policy.
Receive, organize, and check in loan processing requests.
Acquire necessary information for loan processing from lenders, credit files, or other sources.
Work closely with 3rd party servicers to ensure timely delivery of documentation.
Generate note, mortgage, and associated documents for new loans underwritten by the bank.
Obtain pay-off information and review preliminary lien searches and other essential documents.
Review title work to clear title objections on collateral.
Maintain knowledge and comply with federal and state compliance laws and regulations.
Maintain knowledge of current loan documentation guidelines for home equity, home equity lines of credit, and consumer loans.
Learn and maintain knowledge of the bank's loan software systems.
Provide excellent customer service to lenders.
Provide back-up to commercial loan processors as needed.
Underwrite loan and credit card applications pursuant to established underwriting guidelines.
Provide documentation and verification in home equity loan applications to meet federal regulations.
Prepare and review maturity loan portfolio.
Provide underwriting, tracking, and generate restructuring comments on loans to extend.
Prepare loan modifications and extension agreements.
Maintain proficiency in understanding personal finances, including analysis of financial statements, tax returns, and credit reports.
Collaborate with the credit department to review criteria for underwriting consumer loans.
Collaborate with lenders to discuss underwriting decisions.
Maintain knowledge and understanding of bank policy and applicable laws and regulations affecting consumer lending and underwriting.
Assist in developing and updating procedures as required.
Generate loan exception reporting systems to track consumer loan approvals outside approval grid standards.
Work inter-departmentally to track loan performance for asset quality.
Review and document consumer loan policies and procedures.
Maintain electronic documentation of loan policies and procedures.
Assist in the support of other bank activities as part of the overall team.