Loan Underwriter

Weokie Federal Credit Union • Oklahoma City, OK

47d

About The Position

The primary function of the Consumer Loan Underwriter is to review and make sound underwriting decisions on consumer loan requests. These decisions will be based on the policies outlined in the Credit Union's Consumer Loan Guidelines and Procedures and in accordance with all state and federal compliance regulations. An important component of this position is the ability to build marginal loans into low risk lending opportunities.

Requirements

• High school diploma or general education degree (GED) is required.
• A minimum of one year credit union experience, with at least six months experience involving loan interviewing, processing, and funding is required.

Nice To Haves

• An Associate's degree or the equivalent combination of formal training and experience specific to the consumer loan industry is preferred.

Responsibilities

• The underwriter will make sound loan underwriting decisions by analyzing each applicant's credit worthiness. Ensures proper policies, procedures, risk mitigation activities, and operating controls are followed. Reports gaps in policies, procedures, and operating controls to leadership to ensure member impact and risk is mitigated.
• The underwriter looks for opportunities to make good loans from requests that are marginal by working to build these requests into low risk loans.
• The underwriter supports the Credit Union's Indirect Lending Program by establishing positive working relationships with the indirect dealership network and always keeping in the forefront the best interests of the credit union and the member‐owner.
• The underwriter supports the Credit Union's Consumer Lending Program by acting as a lending expert in giving guidance to other lending personnel.
• The underwriter looks for all lending opportunities that would enhance the financial wellness of the member‐owner. Makes recommendations for other cross‐sells when applicable.
• The underwriter is responsible for taking part in a variety of loan training activities. Participates in underwriting observations to help partners learn the fundamentals of underwriting.
• The underwriter works with management to help assist in other areas of the credit union when it is needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED
• Number of Employees: 101-250 employees