Loan Officer II

Wheelhouse Credit Union•San Diego, CA

About The Position

Within established guidelines and procedures, perform work requiring the use of judgment and discretion in making credit decisions for members seeking a variety of loans. Responsible for reviewing loan applications, interviewing loan applicants and obtaining other documentation to determine credit worthiness of applicant and disposition of loan. Prepare appropriate documentation and related forms for submittal to the Lending Manager. Develop information and stipulations to process loan applications such as verification of income and credit reports. Employees assigned to this level will underwrite a variety of loans with considerable independence. Act as a resource for dealer and staff questions regarding the Credit Union’s loan programs. Within established guidelines and procedures, perform work requiring the use of judgment and discretion in making credit decisions for consumer (direct/indirect) and real estate loans. Review all applications to insure completeness and accuracy of information. Inform branch personnel, members and/or dealers of loan requirements and matters affecting the granting of loans. Set stipulations for loan applications accordingly to achieve sound lending decision. Inform management of the progress and performance of dealer partners. Prepare monthly production reports and provide information to manager. Provide recommendations, written or verbal, to the Lending Manager and/or the Credit Manager with regards to credit applications outside individual underwriting authority. Assist branch personnel in facilitating the closing and disbursement of loans insuring that guidelines and stipulations are met. Remain current on lending regulations and guidelines. Complete reports as requested by management. Maintain effective working relationship with staff. Register with the Nationwide Mortgage Licensing System and Registry (NMLS). Will be required to undergo a background check. Registration with the NMLS to be maintained on an annual basis. All other duties assigned.

Requirements

High school diploma or equivalent.
Minimum of two years of underwriting experience or having the equivalent experience by completing all of the following: · Three years of loan interviewing experience. · Two years of loan processing experience with consumer loans. · Minimum of six months of hands on underwriting experience. · Completion of an industry recognized loan underwriting course, minimum of 20 hours.
Strong organization, communication (written and verbal) and analytical skills with the ability to explain underwriting requirements in a clear and concise manner.
Strong knowledge of laws, regulations, policies and procedures as they pertain to lending.
Proficiency with ten key adding machine, calculator and Microsoft Office products.
Working knowledge of computers and ability to learn new systems.
Knowledge and understanding of the mission and vision of the Credit Union. Strictly adhere to the Credit Union’s policy of confidentiality, security, professional conduct and dress.
Excellent collaborative skills and the ability to develop and maintain positive working relationships are essential.

Responsibilities

Making credit decisions for members seeking a variety of loans.
Reviewing loan applications, interviewing loan applicants and obtaining other documentation to determine credit worthiness of applicant and disposition of loan.
Preparing appropriate documentation and related forms for submittal to the Lending Manager.
Developing information and stipulations to process loan applications such as verification of income and credit reports.
Underwriting a variety of loans with considerable independence.
Acting as a resource for dealer and staff questions regarding the Credit Union’s loan programs.
Making credit decisions for consumer (direct/indirect) and real estate loans.
Reviewing all applications to insure completeness and accuracy of information.
Informing branch personnel, members and/or dealers of loan requirements and matters affecting the granting of loans.
Setting stipulations for loan applications accordingly to achieve sound lending decision.
Informing management of the progress and performance of dealer partners.
Preparing monthly production reports and provide information to manager.
Providing recommendations, written or verbal, to the Lending Manager and/or the Credit Manager with regards to credit applications outside individual underwriting authority.
Assisting branch personnel in facilitating the closing and disbursement of loans insuring that guidelines and stipulations are met.
Remaining current on lending regulations and guidelines.
Completing reports as requested by management.
Maintaining effective working relationship with staff.
Registering with the Nationwide Mortgage Licensing System and Registry (NMLS).
Maintaining NMLS registration on an annual basis.
All other duties assigned.