Senior Centralized Lending Underwriter

Valley Strong Credit Union•Stockton, CA

5d•$32 - $44

About The Position

The Centralized Lending department reviews and analyzes consumer Direct and Indirect loan applications, making sound lending decisions based on Federal Regulations, Operating Procedures, and Board Policies. This role serves as a senior team member, providing direction and training to Consumer Loan Officers/Underwriters, assisting with performance evaluations, and communicating loan decisions to team members, Members, and dealers. Interaction with the Credit Union’s dealer network is a significant part of this role.

Requirements

Ability to read and comprehend instructions, short correspondence, and memos.
Ability to write simple correspondence.
Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Ability to compute dividends and interest.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to interpret a variety of instructions furnished in written or oral form.
Must be able to process transactions in an efficient manner.
Must be able to communicate policies and procedures to Members in an easily understood and professional manner.
Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures.
10 Years previous consumer lending experience, including minimum 3 years Indirect Lending experience.

Nice To Haves

No direct supervisory experience, however, will participate in lead position in the absence of Centralized Consumer Lending management.

Responsibilities

Reviews Direct and Indirect loan applications from various channels (branches, Communications Center, approved indirect dealers, mobile app, and internet) using the LoansPQ system, approving or denying loans based on creditworthiness, ability to repay, collateral, and character.
Serves as a lead team member, providing direction and assistance to other team members and contributing to team member development.
May be required to perform dealer visits to underwrite, attract, and retain partnered dealers for increased loan volume.
Maintains awareness of industry trends to make recommendations for expanded underwriting guidelines or pricing changes.
Makes loan approval decisions within authorized lending limits based on individual discretion and judgment.
Discusses disputed loan decisions, offering alternate solutions for Members and researching/resolving disputes in accordance with Member goodwill and applicable Federal or State Regulations.
Explains loan programs to Members and Indirect Lending Dealers, evaluates their needs, and recommends loan options.
Establishes the terms and conditions of approved loans and reviews them with the Member and/or indirect Lending Dealers.
Maintains a working knowledge and understanding of the Consumer Lending Operating Procedures.
Provides consultative services to Members regarding credit union products and services by assessing needs and addressing concerns.
Analyzes department needs and recommends improvements in policies, procedures, and workflow.
Prepares the monthly work schedule for the department.
Oversees all Loan Officer/Underwriter queues, ensuring even disbursement of loan applications and timely loan decisions within credit union goals.
Prepares productivity/activity reports using Word/Excel.
Complies with regulatory compliance and assigned training requirements, including BSA regulations and the SAFE Act.
Performs other related duties as assigned or requested.
Performs other duties as assigned.