Consumer Loan Underwriter (Onsite)

Frontwave Credit Union•Oceanside, CA

34d•$27 - $40•Onsite

About The Position

As a Consumer Loan Underwriter you are responsible for building a quality loan portfolio by examining, evaluating, decision making or recommending a decision on consumer loan applications About Frontwave Credit Union: Frontwave Credit Union is a member-owned not-for-profit financial institution serving San Diego, Riverside, San Bernardino and Imperial counties. Founded in 1952, we have grown to 18 branches with 125,000 members and manage over 1.8 billion in assets. At Frontwave Credit Union, we are focused on creating consumer solutions to provide our members and the communities we serve with products and services that enhance the quality of life for our members through exceptional service and the progressive application of technology. What’s In It For You:Competitive pay, 401k matching, mortgage and auto discounts.9-27 days of PTO per year (based on tenure) and 10 paid holidays.Affordable medical, dental, vision health plans, and Flexible Spending Account.Employee Assistance Program with a variety of services.Career development, training, and coaching, mentoring; tuition reimbursement up to $4,000/year.Culture of excellence and continuous improvement.We strive to be the best place you’ve ever worked!

Requirements

High School Diploma or general education degree (GED). One year lending experience in a credit union or similar financial institution. Basic knowledge of consumer lending principles

Responsibilities

Assumes responsibility for effectively evaluating loan-related requests
Direct Lending
Obtain and maintain loan authority of up to $65000.
Reviews loan application and evaluates credit criteria to determine level of risk.
Requests additional information as necessary to decision.
Evaluate quality of collateral as compared with request.
Effectively decisions loan based on qualifications and risk to member and credit union.
Assist internal members over the phone with underwriting/policy/procedure inquiries
Review unsecured revolving LOC and Visa accounts on a periodic basis to determine action
Ensures that loan requests are properly documented.
Indirect Lending
Obtain and maintain loan authority of up to $65000.
Reviews loan application and evaluates credit criteria to determine level of risk.
Requests additional information as necessary to decision.
Evaluate quality of collateral as compared with request.
Effectively decisions loan based on contract requirements, qualifications and risk to member and credit union.
Perform Dealer visits to build relationships and generate business
Make outbound calls to dealer customers to generate indirect business
Educate and Assist external dealer customers over the phone with underwriting/policy/procedure inquiries
Assumes responsibility for establishing and maintaining effective coordination and communication with management and credit union staff.Assists department personnel as needed.
Participates in various credit union sponsored car sales and other events outside of the department
Effectively supports department and organizational goals and initiatives
Keeps Management informed of activities and of any significant problems with regards to lending function.
Completes reports, records promptly and accurately
Assist in documenting and tracking multiple variables to determine and monitor trends