Consumer Loan Underwriter I

Velera

16h•Onsite

About The Position

The Consumer Loan Underwriter I evaluates loan applications for quality, accuracy, and decisioning them based on a review of the applicant’s credit history and in consideration of the guidelines and policies of the client institution. The incumbent is responsible for loan decisions via phone, Internet, indirect, remote login and data entry loan applications. The incumbent will be responsible for problem resolution while also monitoring the quality, efficiency, and accuracy of the loan applications taken by contact center representatives. The incumbent will be responsible for problem resolution of customer and financial institutions, critical issues and department workflow to meet departmental/team goals. Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated fintech solutions provider, serving more than 4,000 financial institutions throughout North America.

Requirements

Completion of high school, or equivalent required.
1 year experience as a Lending Underwriter required.
Knowledge of Lending Underwriting best practices.
Knowledge of the Contact Center loan application processing.
Knowledge of all facets of the indirect and direct lending process including their differences.
Ability to communicate effectively in both verbal and written formats.
Demonstrated understanding of Credit and Lending.
Demonstrated underwriting skills including risk assessment and capacity ratio assessment.
Ability to use judgmental risk evaluation to determine an appropriate loan decision.
Ability to read and evaluate text and non-text credit files for all three CRAs.
Ability to adapt underwriting profile to accommodate numerous different financial institutions.
Ability to monitor several different Remote Login indirect loan queues in addition to internet and phone applications.
Ability to interpret credit bureau information.
Demonstrate understanding of multiple loan origination systems (i.e., Loans PQ, Fiserv Originate Loans, Temenos, Decision Lender 4.0 and arc OS).
Proficiency in Microsoft Office, including Excel, Word and Teams.
Ability to maintain confidentiality of materials handled.
Ability to be flexible and work under high pressure in a complex environment.
Ability to work autonomously without the need for constant supervision.

Nice To Haves

Associates Degree Preferred.
1 year of Contact Center experience in a loan Contact Center position preferred.

Responsibilities

Evaluates loan applications for quality, accuracy, and decisions them based on a review of the applicant’s credit history and in consideration of the guidelines and policies of the client institution.
Decision phone, Internet, indirect, ExpressLink, and data entry applications to support the business as needed while also monitoring the quality, efficiency, and accuracy of the loan applications taken by Contact Center Representatives.
Finalize Velera Representative loan applications.
Evaluate and report on the quality and accuracy of the information templates, including rate changes and promotional information as needed.
Maintain a continuous working knowledge of all information templates.
Provides ongoing support of cross-sell products.
Responsible for reporting risks that are identified to the appropriate team and/or management.
Provide support to Contact Center representatives with lending questions.
Assist with training in new technology and new client programs.
Monitor loan applications to ensure quality and loan standards are being met and interact with credit unions regarding member/customer issues.
Assist department members, as needed, to minimize errors that might result in monetary loss to Velera and maintain reasonable control of all departmental activities.
Perform other duties as assigned.
Regular and reliable attendance.
Responsible for managing, monitoring and reporting risks within the scope of your work area, to include, but not limited to Information Security risks.
Actively supports and embraces Velera's core values of Dedication, Collaboration, Belonging, Curiosity and Integrity.
Responsible for ensuring that exceptional service is delivered to both internal and external clients by doing what’s right for credit unions.
Demonstrate enthusiastic support of corporate mission, vision, core values and long-term business objectives.
Support a workplace where every employee feels valued, respected, and connected.
Perform job duties within the company’s policies, procedures, service standards and the state and federal laws.