Consumer Loan Underwriter II

Bellco Credit Union•Greenwood Village, CO

3d•Hybrid

About The Position

The Consumer Loan Underwriter will review and analyze both direct and indirect consumer loan applications to determine whether applicants meet financial and creditworthiness criteria. The Underwriter 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. As part of the Consumer Lending Underwriting team, the Underwriter strives to provide exceptional service to all members.

Requirements

Minimum 2 years’ experience in consumer lending underwriting, preferably with Consumer Lending experience
Knowledge of general lending guidelines including state, federal and fair lending
Ability to work with a high degree of confidentiality
Ability to adjust and effectively incorporate changes to guidelines and procedures in a timely manner
Ability to apply guidelines and lending matrices
Ability to review member data in Core system
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.
Strong analytical and decision-making skills with a high degree of accuracy
Strong communication skills both verbal and written.
Highly organized and able to handle a fast-paced environment
Proficient with Microsoft Office (Word, Excel, Outlook).
Strong attention to detail.
Time management skills with the ability to prioritize workload.
Demonstrates strong analytical/problem solving and time-management skills

Nice To Haves

Bachelor’s degree in related field or equivalent experience preferred

Responsibilities

Demonstrates Bellco’s Act Nice Behaviors and Core Values in all interactions with members, prospective members, and personnel in other Bellco departments while holding staff accountable to standards.
Responsible for pipeline management and completing work within established Service Level Agreement (SLA) standards within all channels of application submission.
Responsible for accuracy and completion of activities associated with the underwriting of consumer loan applications.
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.
Responsible for final underwriting decisions on loans within granted lending authority that may involve approving or denying applications.
Responsible for applying lending guidelines fairly and without bias.
May be asked to contribute to compliance, auditing, and other organization-wide initiatives.
Has the ability to manage fluctuating volumes which may include times of high volume.
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.
Regular and punctual attendance with flexible hours
Management retains the discretion to add to or change the duties of the position as business need dictates.