Indirect Loan Underwriter PM

Landmark Credit Union Talent Acquisition • Brookfield, WI

1d • Onsite

About The Position

At Landmark Credit Union, the Indirect Loan Underwriter is responsible for the timely and thorough analysis of loan applications by effectively evaluating underwriting components and identifying potential compensating risk factors. The role ensures the quality of every loan application by maintaining awareness of federal/state regulations and company guidelines, policies, and procedures. Landmark Credit Union emphasizes a culture of inclusion and collaboration, supporting members' financial wellbeing, positively impacting communities, and helping associates grow their careers. The company strives to ensure associates feel valued, empowered to grow, and recognized for their contributions.

Requirements

• High school diploma or equivalent and a minimum one year of prior consumer lending experience.
• Knowledge of general lending policies and ability to make sound lending decisions.
• Excellent verbal and written communication skills.
• Strong problem solving, organizational, negotiation and interpersonal skills.
• Must be able to pass Landmark Credit Union underwriting test within 90 days.
• Self-motivated-and takes steps to continually expand knowledge of financial industry.
• Ability to cope with pressured situations, focus on speed and accuracy.
• Must develop a thorough understanding of company policies and procedures as they relate to this position. Must comply with all company policies and procedures and all job related state and federal laws and regulations.

Nice To Haves

• Prior processing and/or underwriting experience preferred.

Responsibilities

• Verifies accuracy of information submitted with loan application from Landmark Credit Union dealer network. Ensures application information matches, calculate/verify income information, verify tax and employment information, review all other related documents.
• Applies proper risk management, fair lending and regulatory compliance to be consistent with the organization’s credit policy for all credit decisions.
• Approves or denies loans based on risk factors within approved authority level.
• Communicates effectively and professionally and finds resolutions with dealers and other departments regarding decisions or conditions required for loans to be funded.
• Meets or exceeds the underwriting standards established for reviewing loans that fall into an underwriting review queue.
• Maintains an acceptable level of quality as determined by established loan error standards.
• Keeps current with knowledge of lending updates, criteria guidelines, procedure, policies and processes in order to make sound lending decisions.
• Assists in conducting audits to ensure loan policies and procedures are followed.
• Performs other duties as required.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 251-500 employees