Consumer Loan Underwriter

First New York Federal Credit Union•Town of Colonie, NY

19h•$27 - $30•Onsite

About The Position

The Consumer Loan Underwriter evaluates consumer loan applications using sound judgment and underwriting skills to assess risk and approve loan requests that are structured to perform and meet member needs. The role applies Board-approved loan policies, applicable laws and regulations, and credit criteria when making decisions and setting loan disbursement conditions. The underwriter also conducts credit analysis, supports compliant and timely regulatory disclosures, and contributes to strong member relationships through cross-selling and up-selling. This position is fully on-site and works Monday through Friday, 8:15 a.m. to 5:00 p.m.

Requirements

Two to four years of previous lending experience in a credit union or banking environment.
Credit and interpersonal skills, with the ability to communicate clearly while handling multiple priorities.
Demonstrated commitment to making performing loans.
Comfort working in a fast-paced environment.
Ability to use current technology and software.
Tolerance for risk as defined in Board-approved policies.
Critical-thinking skills and ability to apply lending principles to each member’s needs and risk profile.
Positive attitude and strong commitment to excellent member service, with a “whatever it takes” attitude.
Have and maintain the NMLS designation.

Responsibilities

Evaluate loan applications and approve or deny loans in accordance with Board-approved loan policies, applicable laws and regulations, and credit criteria.
Establish loan disbursement conditions and issue disbursement instructions to loan processors.
Construct and approve loan offers within delegated approval authority and loan policy.
Use policies and procedures to build performing loans.
Document adverse actions as needed and prepare systems to produce denial letters.
Conduct credit analysis for each application, including cash flow analysis, debt ratio calculation, credit scoring, and collateral valuation.
Ensure regulatory disclosures are sent in a timely and compliant manner.
Adhere to the code of ethics.
Approve loans with stipulations and clarify discrepancies with department processors as needed.
Develop cross-sell and up-sell opportunities to maximize member relationships.
Consistently meet established productivity performance standards.
Comply with local, state, and federal laws and regulatory requirements relevant to the role.
Maintain proficient knowledge of credit union products and services, industry trends and benchmarks, and competitors’ products and services.
Maintain the NMLS designation.
Perform other duties as assigned.