Loan Underwriter

Lone Star Credit Union•Dallas, TX

4h•Hybrid

About The Position

Lone Star Credit Union is searching for a Loan Underwriter. The Loan Underwriter will be responsible for building a quality lending portfolio by examining, evaluating, decision making or recommending a decision on consumer loan applications. Assist in the daily operations of loan servicing activities related to all loan products, title work, collateral protection, etc.

Requirements

Two years of general lending experience from a credit union or other financial institution.
Demonstrated knowledge of standard consumer lending products, policy/procedures and regulations.
Ability to communicate by expressing information in writing and orally, and have a flexible communication style while possessing the ability to listen effectively.
Ability to read and interpret documents such as credit bureau reports, debt to income ratio reports, policies, procedures and regulations.
Analytical ability to evaluate the credit status of applicants and make fair and impartial decisions.
Proficient Microsoft Office skills.
Must be able to be actively registered with the Nationwide Mortgage Licensing System (NMLS).

Nice To Haves

Underwriting experience preferred in both consumer and mortgage lending.

Responsibilities

Review consumer loan applications, credit bureau information, collateral valuation, tax returns, financial statements and/or other supporting documentation to determine credit worthiness.
Effectively decision applications, within approval criteria and authority level assigned, placing emphasis on response time and quality of applications approved.
Structure approvals to enhance lending portfolio and identify cross-sell opportunities for ancillary loan products, as well as other credit union products and services.
Communicate decisions including approval, counter offers and denials to appropriate employee and provide guidance regarding loan decisions and policy inquiries.
Manage the recording of LSCU’s security interest on all collateralized loans to ensure liens are perfected correctly and timely. Releases lien information on collateralized loans and ensures lien information is mailed or released to the proper individual or entity.
Monitor the internal lending queue and perform loan servicing functions related line of credit reviews, collateral protection, ancillary product claims, working reports for paid off loans and expired approvals, and general ledger account review and balancing.
Process a variety of loan transactions as needed.