Consumer Loan Underwriter

Fibre Federal Credit Union • Longview, WA

3d • Onsite

About The Position

Fibre Federal Credit Union is seeking a Consumer Loan Underwriter for their Longview, WA location. This is not a remote position. The Credit Union offers a vibrant, exciting, and challenging workplace in the fast-paced financial industry. The Consumer Loan Underwriter is responsible for reviewing and processing loan applications received primarily through direct and indirect lending channels in accordance with established retail lending guidelines. The role requires the ability to determine the creditworthiness of loan requests based on objective criteria and loan policy, and to approve or deny loan applications based on analysis. The position also performs all reasonable tasks to protect the Credit Union from undue financial loss and supports various lending functions.

Requirements

• Thorough knowledge of consumer loan policy, credit granting criteria, and current interest rates.
• Problem Solving - The individual identifies and resolves problems in a timely manner and gathers and analyzes information skillfully.
• Interpersonal Skills - The individual maintains confidentiality, remains open to others' ideas, and exhibits willingness to try new things.
• Oral Communication - The individual speaks clearly and persuasively in positive or negative situations. The individual maintains ongoing communication with Department Manager concerning activities of the department as well as needs or problems and keeps them informed of all pertinent problems, irregularities, new developments, changes, and other important information.
• Written Communication - The individual edits work for spelling and grammar, presents numerical data effectively, and is able to read and interpret written information.
• Planning/Organizing - The individual prioritizes and plans work activities, uses time efficiently, and develops realistic action plans.
• Quality Control - The individual demonstrates accuracy and thoroughness and monitors own work to ensure quality.
• Dependability - The individual is consistently at work and on time (except for those cases protected by law which are outlined in the Employee Guide), follows instructions, responds to Management direction, and solicits feedback to improve performance.
• Observes Policies/Procedures - The individual sets an example in observing (following) Credit Union policy and applicable Standard Operating Procedures, as well as those in the Employee Guide.
• Position requires knowledge, skill, and mental development equivalent to the completion of two years of college, associate degree in business areas, or equivalent work experience.
• Must have typing, adding machine, or calculator proficiency, familiarity of data processing systems helpful, and excellent office work skills.
• Must be bondable.
• All offers for employment with Fibre Federal Credit Union are contingent upon the candidate having successfully completed a background check, credit check, and drug screening.

Nice To Haves

• Applicants with a minimum one year of loan underwriting experience preferred; however, would consider other applicants who have a minimum of two years lending experience.

Responsibilities

• Evaluate credit applicants for future loan approval.
• Approve or deny loans and terms within the loan underwriter's own limits and established policies of the Credit Union. Make recommendations on consumer loans outside of authority level.
• Accept loan applications and obtain credit and any other information pertinent to the loan decision and closing of the loan.
• Effectively communicate with dealers concerning loan approvals or denials.
• Demonstrate teamwork in all interactions with coworkers and in the completion of all duties and responsibilities, including assisting underwriters who have lesser signing authority in making credit decisions.
• Process direct and indirect lending credit applications, and obtain any documentation necessary to make sound credit decisions in a timely manner.
• Maintain delinquency and charge-off ratios within the established policies of the Credit Union.
• Communicate the status of member applications with loan originators and loan processors.
• Train new loan underwriters.
• Attend underwriting training as necessary.
• Look for recapture of approved but withdrawn applications and cross-sell opportunities on all Credit Union products and services when appropriate.
• Power book (audit) vehicles to verify that we have accurate vehicle information and document the findings.
• Review and analyze indirect dealer applications and funding packets.
• Review loan and member files to develop additional sources of loan production.
• Assist in building and maintaining dealer relationships, which includes but not limited to dealer visits.
• Follow Credit Union procedures as outlined in the Loan Department procedures and Policy Manuals, ensuring all dual control and internal controls are followed within their area of responsibility.
• Review and analyze tax returns to verify income.
• Provide assistance where needed in the Loan department.

Benefits

• Competitive Salary
• Benefits Package including: 100% employer paid health, dental, vision, life, and disability insurance for the employee
• Paid Vacation Time
• Paid Volunteer Hours
• 6% 401(k) Plan Contribution
• 10 Paid Holidays
• 2 Floating Holidays
• Opportunities for growth within the company

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree