Consumer Loan Underwriter

KEMBA Financial Credit Union•Columbus, OH

11h•Hybrid

About The Position

The Consumer Loan Underwriter represents the financial interests of Members and the Credit Union by making responsible and prudent lending decisions. The role reviews, analyzes, approves, and underwrites consumer loan requests and products in accordance with company and industry guidelines, while ensuring timely processing and ongoing loan performance. The underwriter evaluates and verifies applications and credit criteria; reviews financial statements, credit reports, ratios, and supporting documentation; verifies employment and income; and reviews collateral valuations and third-party vendor services. The role makes loan decisions within authorized limits, documents decision rationale, communicates decisions professionally, and ensures required disclosures and compliance with lending policies, procedures, and regulations. The position also supports coordination and communication with staff and management, assists with training and cross-training, completes reports accurately, and maintains and improves lending knowledge and competency through training and certification. The role reports to the Consumer Loan Underwriting Manager and supervises no one.

Requirements

College graduate or equivalent work experience with required loan training and certification.
3 years of lending and financial services industry experience.
Knowledge of state and federal lending statutes and required loan documentation.
Knowledge of consumer and residential lending practices.
Thorough knowledge of loan origination procedures and terminology.
Credit bureau familiarity.
Strong analytical and financial skills.
Ability to work quickly with extreme accuracy and attention to detail.
Solid research skills and ability to understand complex underwriting directives.
Effective verbal and written communication skills.

Responsibilities

Receive, review, and process consumer credit requests.
Evaluate and verify loan applications and credit criteria, and ensure loan documents are accurate, complete, and compliant.
Review financial statements, credit reports, applicable ratios, and supporting documentation; calculate required ratios and verify employment and income.
Determine collateral value and order and review third-party vendor services, including AVM, appraisal, flood, and credit supplements.
Review, condition, and make final decisions on loan products.
Approve loans within authorized underwriting authority and recommend warranted exceptions when acceptable compensating factors exist.
Use automated scoring or traditional underwriting to assess credit requests and approve loans within authority limits.
Contact Members for additional information when needed; calculate loan terms, finance charges, and insurance premiums for proper disclosure on promissory notes.
Document and explain the rationale behind credit decisions, and communicate lending decisions clearly and professionally.
Monitor application pipelines to ensure timely processing and decision-making.
Ensure compliance with lending policies, procedures, and regulatory requirements; recommend strategically aligned policy and procedure changes.
Coordinate and communicate effectively with staff and management, and assist staff in other departments.
Assist with training and cross-training Lending and Member Services staff.
Complete reports and records promptly and accurately, meet established position goals, and perform duties in compliance with regulations and KEMBA policies and procedures.
Develop an understanding of Credit Union history, philosophy, organization, policies, and operations.
Improve individual competency through self-directed training and certification on established educational programs.
Communicate and work effectively with others, including negotiating, instructing, supervising, persuading, speaking, and responding appropriately to supervisor feedback.
Perform other duties as required by management.