Consumer Loan Underwriter

Listerhill Credit Union•Listerhill, AL

About The Position

Overview: Listerhill Credit Union is a financial cooperative whose primary purpose is to help our members live financially healthy lives. In 1952, seven Reynolds Metals employees deposited $5 each with the idea of starting a credit union that was member-owned and member-focused. Helping co-workers break from predatory lenders to borrow affordably and save for their financial futures, was their motivation. We have grown from a single office at Reynolds Metals to 18 branches throughout northwest Alabama and south-central Tennessee. Today, we serve 13 counties with a full line of financial solutions. Our purpose and commitment to financial health has never changed. We recognize what is good for our members is good for us. We aspire to high standards of integrity, excellence, and passion. Furthermore, we strive to be innovative for the members’ benefit and engaged in the betterment of their communities. The Role: Your efforts and ultimate successes should be measurable and recognizable as you strive daily within LCU’s vision: “to value people over profit, proactively seek improvement, work passionately, exceed expectations, and make our community a better place”. As a Consumer Loan Underwriter, you will provide sound underwriting decisions for credit requests received through the consumer lending network. You will also practice effective communication with the branch and department staff to ensure promotion and support of loan growth goals. Another focus of this position will be to maintain accuracy and integrity of the consumer loan data. To do so, you will be required to review loans, when assigned, and ensure that our standards are met and any discrepancies are reported appropriately, with suggestions made on how to improve.

Requirements

Three to five years of similar or related experience
Associate degree or completion of a specialized course of study at an accredited school or extensive in-house training or apprenticeship; Bachelor's degree preferred
Prior experience working with a Loan Origination System (LOS) preferred
Strong verbal and written communication skills that translate across all levels of the organization
Very detail oriented with exceptional time management skills and an emphasis on quality
Extensive knowledge of underwriting procedures and methods
Possess strong PC and Excel skills with the ability to use web and web-based applications
Ability to meet deadlines and work in stressful situations
Ability to work independently with minimal supervision
Must successfully complete appropriate LCU assessments
Commitment to LCU’s Mission Statement and Core Values

Nice To Haves

Bachelor's degree preferred
Prior experience working with a Loan Origination System (LOS) preferred

Responsibilities

Perform Consumer Loan Underwriting activities related to final decisions on loan requests with the goal of achieving an optimal outcome for the credit union and the member
Ensure compliance with established credit union policies, guidelines, and regulatory requirements
Utilize a high degree of independence in problem solving and decision making
Perform Consumer Loan Underwriting for all LCU employee loan requests inclusive of obtaining credit reports while maintaining the highest level of confidentiality
Maintain internal contacts with other departments regarding loan decisions, processes, and current status
Manage individual portfolio performance consistent with organizational requirements
Provide underwriting decisions in accordance with LCU underwriting guidelines to ensure safe and sound lending practices
Perform data entry audits to identify discrepancies or errors. This would include detection of corrupt data being entered by a lender to obtain instant approval.
Verify borrower information, such as income, employment and credit history when reviewing a file for accuracy.
Investigate and resolve any discrepancies found during the review process.
Review and provide feedback to loan officers, underwriters, processors and regional managers on areas for improvement.
Maintain detailed records of quality control checks and findings
Make a decision on what loans need to be reviewed and address them with the VP of Consumer Lending and Loan Operations Committee; highlight issues for them and suggest ways to improve processes.
Maintain a professional working environment and demonstrate respect for co-workers
Promote and support lending opportunities by effective communication and partnership with retail staff
Support loan growth initiatives by actively identifying ways to approve credit requests and cross sell opportunities
Communicate in a timely, effective manner with retail co-workers to create consistency in underwriting practices and decisions
May be called to train others on underwriting practices or give input to future system upgrades
Meet expected underwriting metrics and performance standards
Provide informed, professional, and accurate service and support to all members and employees
Perform other duties as assigned