Consumer Loan Underwriter

First Federal Savings Bank•Twin Falls, ID

2d•Onsite

About The Position

Why work for First Federal Bank? Our company culture is driven by our desire to serve our members and communities, something we have done for over 100 years. Along with doing meaningful work, enjoy perks and benefits that come along with being part of Idaho’s only mutual bank – no stockholders or majority owners, just our account members! The Consumer Loan Underwriter will: Underwrite consumer loans to evaluate the overall risk of the loan to determine eligibility. May include credit, income analysis, asset verification and analysis, collateral review, bank policies, third-party guidelines, and determine conditions to satisfy the loan approval. Prepare loan closing disclosures and documents and ensure timely delivery to borrower(s) and loan originator for non-real estate secured loans. Complete the loan funding and ensure loan proceeds balance with disbursements and funds collected from other parties and then release loan proceeds accordingly for non-real estate secured loans. Review loans that receive automated approval to ensure reasonableness of the automated decision. Assist with review of consumer loan denials. Communicate throughout the underwriting process with retail banking and loan processing staff. Support retail banking and loan processing staff by answering questions, evaluating scenarios, and providing suggestions for loan approvals. Present loan files to Loan Committee for review. Complete other duties as assigned.

Requirements

High school diploma
Three years of combined lending experience to include origination, processing, or underwriting.
Reliable transportation to and from work.
Sitting or standing for extended periods of time and the ability to work and operate computer applications and equipment.
Able to perform essential responsibilities of the job with or without reasonable accommodation.

Nice To Haves

Associate degree or higher.
Three years of consumer or mortgage underwriting experience at a bank, credit union, or mortgage company.

Responsibilities

Underwrite consumer loans to evaluate the overall risk of the loan to determine eligibility
May include credit, income analysis, asset verification and analysis, collateral review, bank policies, third-party guidelines, and determine conditions to satisfy the loan approval.
Prepare loan closing disclosures and documents and ensure timely delivery to borrower(s) and loan originator for non-real estate secured loans.
Complete the loan funding and ensure loan proceeds balance with disbursements and funds collected from other parties and then release loan proceeds accordingly for non-real estate secured loans.
Review loans that receive automated approval to ensure reasonableness of the automated decision.
Assist with review of consumer loan denials.
Communicate throughout the underwriting process with retail banking and loan processing staff.
Support retail banking and loan processing staff by answering questions, evaluating scenarios, and providing suggestions for loan approvals.
Present loan files to Loan Committee for review.
Complete other duties as assigned.