Consumer Loan Underwriter

Maine Savings Federal Credit Union•Hampden, ME

4d•Hybrid

About The Position

Maine Savings Federal Credit Union has an opening for an experienced consumer loan underwriter. The loan underwriter contributes to the growth and success of the Credit Union by limiting the Credit Union’s risk of losses and by supporting Loan Officers as they build the loan portfolio. The loan underwriter’s responsibilities include analyzing and verifying loan applications, evaluating risks and making loan credit decisions when the loan request is within the underwriter’s authority; when over the authority, seeks approval from others who have suitable lending authority. The loan underwriter will exercise sound judgment based on detailed analysis ensuring that all documentation is in compliance with relevant regulations.

Requirements

At least five years of similar or related experience.
High school education or GED required
Standard, modern, climate-controlled office environment.

Nice To Haves

associates degree or higher preferred
This position may allow for hybrid remote work environment after completion of the training period.

Responsibilities

Evaluates data and information received to determine borrower’s financial strength and ability to repay the loan.
Review credit report, assets and collateral to determine risk.
Make loan application decisions and recommendations.
Ensures compliance with Credit Union lending policies and protocols and has a strong understanding of the Loan Operating Systems.
Prepare and send various loan notices and documents as part of the loan application process.
Analyzes tax returns for self-employed borrowers to confirm debt supporting income.
Coaches loan originators on credit worthiness and application process where appropriate.
Reviews all vendor related service reports. This includes but is not limited to appraisals, title work, verification of employment, flood determinations.
Performs data extraction/mining in the preparation of reports for leadership as requested. Additionally, must be able to perform tasks based on information in a report.
Completes various operational functions of the centralized lending process that include but may not be limited to preparing documents for loan closing, obtaining electronic signatures, booking and funding the loan, and disbursing checks.
Performs other job-related duties as assigned.