Senior Consumer Lending Underwriter

QCR Holdings, Inc.•Cedar Rapids, IA

About The Position

The Senior Consumer Lending Underwriter underwrites, approves, and documents consumer loans and originates new consumer loans. The position also assists management by providing guidance and oversight of consumer lending activities. It works with consumers directly at times to originate and close loan requests, supports other consumer lending staff, and provides leadership, guidance, and training to underwriters, assistants, and specialists. Duties are performed in a professional office environment.

Requirements

Bachelor’s degree in business or a related field, or an equivalent combination of education and experience.
At least 6 years of experience in consumer lending or underwriting, with demonstrated knowledge of consumer loan products, services, and loan documentation.
Capability to work and collaborate constructively and professionally with a variety of individuals and groups.
Demonstrated knowledge of the bank’s loan policies and procedures and consumer banking regulations.
Excellent organizational skills and ability to organize and manage a variety of projects and tasks.
Ability to manage sensitive information and uphold confidentiality.
Ability to use banking software and Microsoft 365 products accurately and with attention to detail.
Strong verbal, written, and interpersonal communication skills.

Nice To Haves

Experience with construction or other TRID loans.
Experience using the Finastra product suite, including Decision Pro and Laser Pro.

Responsibilities

Underwrite and approve consumer loans produced through the banking center network, including auto, non-titled equipment, recreational vehicles, deposit-secured, stock/bond-secured, closed-end home equity, home equity line of credit, construction, bridge, land, and unsecured loans.
Approve subordination agreements and change-in-terms requests.
Work directly with consumers at times to originate and close consumer loan requests.
Complete Adverse Action documentation in accordance with bank policies and procedures.
Maintain knowledge of regulatory and compliance issues affecting consumer loans, as well as bank policies and procedures.
Monitor and review the maturing-loans list by contacting staff or borrowers; underwrite or originate renewal files using current standards and make recommendations when proceeding with a renewal.
Accurately document and report policy exceptions.
Assist consumer lending staff with correcting Ticklers and Aged Exceptions and confirming liens are perfected, as needed.
Advise and assist in developing materials and training for retail banking staff regarding loan documentation and underwriting requirements.
Provide leadership, guidance, and training to other Consumer Loan Underwriters, Assistants, or Specialists within the Consumer Lending department.
Review products regularly and recommend improvements to support the bank’s strategic goals.
Assist management with procedural writing and implementation.
Provide backup for other consumer loan associates during high-volume periods or short staffing.
Serve on committees or leadership teams that establish new products or develop innovative ideas, as needed.
Comply with applicable company and regulatory policies, procedures, and requirements.
Foster and preserve a culture of inclusion.
Perform additional duties and responsibilities as required to support the company’s mission, vision, and values.