Consumer Loan Underwriter

ABNB Federal Credit Union • Chesapeake, VA

just now • Hybrid

About The Position

The Consumer Loan Underwriter role is to analyze loan applications/requests and make credit decisions based on provided data, lending policy, and federal/state regulations.

Requirements

• A high school education or GED.
• Three years to five years of similar or related experience.
• Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.
• Minimum 2 years experience in consumer and or indirect lending.
• Thorough knowledge and understanding of regulations governing loan approvals.
• Analytical ability to conduct an analysis of loan application quality and make recommendations for action.
• Possess high level of interpersonal skills.
• Must be able to operate various office equipment, PC with related software programs, and Microsoft Office Suite with average speed and accuracy.
• Physical qualifications require being able to sit at a computer and other office related equipment for extended periods of time and be able to lift and carry up to 10 pounds.

Nice To Haves

• Project management experience is desired.

Responsibilities

• Analyzes current financial position of loan applicants to determine the degree of risk involved in extending credit. Makes decisions to approve, deny, or forward the loan request to higher levels of authority for decisioning. Establishes the terms and conditions of loan approval to include collateral.
• Assists the Loan Center Manager in coordination of duties including development and implementation of various lending programs in accordance with project goals and time lines.
• Assists all member facing staff and loan staff with loan application and credit discussions. Assists with the processing and structuring of loans and loan applications. Answers questions regarding loan decisioning and provides feedback to management on quality of applications.
• Ensures loan decisions are in compliance with regulations, policies and procedures. Refers issues that are beyond their authority to their supervisor, along with their recommendations.
• Other duties as assigned.

Benefits

• Affordable medical, dental, and vision plans
• Paid time off that begins accruing on your first day
• 11 paid federal holidays each year
• 401(k) matching up to 4% with immediate vesting, plus an additional 2% match with future vesting
• Company-paid short-term, long-term disability, and employee life and AD&D coverage
• A tuition reimbursement benefit
• Competitive pay along with opportunities for annual raises and promotions
• Paid community involvement opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED