Consumer Loan Underwriter

Valley First Credit Union•Modesto, CA

9d•$27 - $35•Onsite

About The Position

The Consumer Loan Underwriter's primary purpose is to review, analyze and underwrite consumer loan applications received through our direct lending channels within delegated underwriting limits and authority in accordance with Federal and State Lending Laws and Regulations, as well as Valley First Credit Union's Policies and Procedures.

Requirements

Five or more years of similar or related lending experience, including time spent in preparatory positions.
A two-year college degree or completion of specialized course study at a business or trade school
A significant level of trust, credibility and diplomacy is required.
In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature.
Communications may involve motivating, influencing, educating and/or advising others on matters of significance.
Typically includes subject matter experts as well as first level to middle managers.
Technical aptitude to understand complex programs and applications.
Displays courtesy, tact, and diplomacy during personal contact with others inside and/or outside of the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.
Strong written, verbal, and interpersonal skills.
Detail-oriented, organized, accurate and ability to adapt to change.
Excellent decision making and time management skills.
Well-developed analytical and problem-solving skills.
Ability to trouble-shoot problems and research capabilities of current or proposed products.
Exert up to 50 pounds of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects.
Sedentary work involves sitting most of the time.
The incumbent is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; typing; viewing a computer screen and reading.
Climb/descend stairs in an emergency situation.
Operate routine office equipment including personal computers, copy machines, mobile and landline phones, calculator and others as needed.
Maintain working on a computer for six to eight hours daily, on average.
Work extended hours if required or requested by management.
Regular, reliable and timely attendance.
Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.
Perform job functions independently, or with limited supervision, and work effectively either on own or as part of a team.
Read and carry out various written instructions and follow oral instructions.
Speak clearly and deliver information in a logical and understandable sequence.
Effectively handle multiple, simultaneous, and changing priorities.
Exercise highest level of discretion on both internal and external confidential matters.

Responsibilities

Review and analyze applications for consumer loans submitted through our loan origination platform.
Gather necessary information to make a sound lending decision based on each applicant's credit profile and the Credit Union's Lending Policies and Procedures.
Escalate loan requests outside of guidelines or approval parameters to Lending Management
Underwrite loan applications and approve, counter or decline requests to extend credit within lending authority.
Maintain knowledge of all consumer loan products and decision processes for direct and indirect loan products
Communicate loan decisions with Member Service Specialist and Consumer Loan Closing Specialist, including the ability to discuss loan denials, loan alternatives, rate computation in a clear, concise and courteous manner
Backup underwriter for the indirect consumer loan underwriter when necessary
Properly evaluate and recommend any exceptions to policy by presenting a well thought out analysis to Lending Management
Evaluates credit bureau reports, income documentation, collateral valuation reports flood certifications, title information and other factors relevant to underwriting consumer loans
Cross qualify loan products when the opportunity presents itself
Recommend alterations or revisions to Lending Policies and Procedures as needed
Must comply with the Credit Union's policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, The Patriot Act, and the Office of foreign Assets Control
Other duties as assigned