Retail Underwriter

Vibrant Credit Union•Moline, IL

23d

About The Position

Position Overview: : The Retail Underwriter is responsible for analyzing and monitoring the creditworthiness of assigned commercial accounts and recommending and approving credit within established guidelines and policies.

Requirements

Four-year degree or at a minimum three years of proven experience in underwriting
Working knowledge of lending policies, regulations, and compliance
Working knowledge of spreading, analyzing, and interpreting various financial and credit documents accurately
Working knowledge of tax returns and financials
Working knowledge of retail loan origination systems

Responsibilities

Execute complete cycle for credit underwriting process for consumer loans
Ensure regulatory compliance across consumer banking
Identify and document key risks and control indicators
Complete a full analysis of consumer credit reports, income sources, and other supplemental documentation while serving as a subject matter expert (SME) for any inquiries on creditworthiness and loan decisions
Execute accurate calculations for retail lending rations
Review loan files and documents required before closing
Adhere to Vibrant's underwriting matrix and risk philosophy and identify and track any exceptions to the matrix and/or policy
Leverage loan origination system for additional data to assist in providing decisions to applicant
Provides recommendations on product and program enhancements by serving as SME
Review underwriting standards and documentation requirements for potential third party partners.
Update, manage, and complete administrative duties within all loan management portals
Review and complete timely reporting of covenants and other requirements for consumer loan tracking and monitoring
Ensures the completion and documentation of periodic loan reviews and can facilitate and monitor external loan review channels
Monthly review for select third party loan programs
Daily review for select third party loan programs