Sr. Consumer Underwriter - Westchase District

Smart Financial•Houston, TX

6d•Onsite

About The Position

The Sr. Consumer Underwriter will provide quality underwriting through timely and thorough evaluation of Consumer loans, HELOC, and Home Equity loan applications to make sound decisions in accordance with regulatory guidelines and Credit Union policies. Reviews complex loan situations and disputed loan applications. Guides lower-level underwriters through difficult loan situations and can combine authorities to approve high dollar collateralized or unsecure loans. Will also be an expert at reviewing income documents and prevent fraudulent applications from entering the Consumer portfolio. Proficient in analyzing title commitments, property appraisals, AVMs, as well as other required mortgage loan documentation. Review incoming Consumer, Home Equity, and HELOC loan applications to evaluate factors including debt-to-income ratio, analyzing credit reports, calculation of income, and loan-to-value ratios in making prudent loan decisions. Make timely decisions on credit applications within established guidelines and underwriting authority, while ensuring all State and Federal regulations are adhered to. Must underwrite and apply required conditions to current program/product specifications with analysis of 5 C’s of credit. Provide guidance to Consumer, Mortgage, and Closing Specialists in developing solutions and structuring on challenging loans. Provide concurrence to consumer underwriters for additional level of approval authority. Assist front-line staff with structuring any complex loan situations. Review and verify income documentation as required to ensure it matches the amount listed within application and meets Credit Union guidelines. Must be proficient in analyzing complex financial and documents to protect the credit union from fraud. Responsible for validating all data contained in the loan submission and Encompass/Loan Director loan origination systems. Will be required to review disputed consumer loan applications from branch and sales staff. Manage e-Oscar direct and indirect consumer credit disputes in a timely manner. Required to provide an in-depth investigation through core systems and historical data to validate disputed credit information. Must adhere to all CFPB guidelines. Other duties as assigned.

Requirements

Three to five years of similar or related experience, including preparatory experience.
A high school degree or equivalent.
Understanding and evaluating personal credit reports.
Familiarity with different types of collateral.
Calculating financial ratios for underwriting analysis.
Working knowledge of Microsoft Outlook, Word, and Excel.
Experience in using Velocity and Fiserv DNA/Core System.
Ability to communicate effectively in written and verbal formats.
Able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs.
Capable of climbing / descending stairs in an emergency situation.
Able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators.
Able to routinely perform work on computer for an average of 6-8 hours per day, when necessary.
Able to work extended hours or travel off site whenever required or requested by management.
Capable of regular, reliable and timely attendance.
Able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team.
Able to read and carry out various written instructions and follow oral instructions.
Able to complete basic mathematical calculations, spell accurately, and understand computer basics.
Able to speak clearly and deliver information in a logical and understandable sequence.
Able to deal calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public.
Able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace.
Able to effectively handle multiple, simultaneous, and changing priorities.
Capable of exercising highest level of discretion on both internal and external confidential matters.

Nice To Haves

Expert at reviewing income documents and prevent fraudulent applications from entering the Consumer portfolio.
Proficient in analyzing title commitments, property appraisals, AVMs, as well as other required mortgage loan documentation.
Proficient in analyzing complex financial and documents to protect the credit union from fraud.

Responsibilities

Evaluate Consumer loans, HELOC, and Home Equity loan applications.
Make sound decisions in accordance with regulatory guidelines and Credit Union policies.
Review complex loan situations and disputed loan applications.
Guide lower-level underwriters through difficult loan situations.
Approve high dollar collateralized or unsecure loans.
Review income documents and prevent fraudulent applications.
Analyze title commitments, property appraisals, AVMs, and other required mortgage loan documentation.
Evaluate debt-to-income ratio, credit reports, income calculation, and loan-to-value ratios.
Make timely decisions on credit applications within established guidelines and underwriting authority.
Ensure adherence to all State and Federal regulations.
Underwrite and apply required conditions to current program/product specifications with analysis of 5 C’s of credit.
Provide guidance to Consumer, Mortgage, and Closing Specialists in developing solutions and structuring challenging loans.
Provide concurrence to consumer underwriters for additional level of approval authority.
Assist front-line staff with structuring complex loan situations.
Review and verify income documentation.
Analyze complex financial and documents to protect the credit union from fraud.
Validate all data contained in the loan submission and Encompass/Loan Director loan origination systems.
Review disputed consumer loan applications from branch and sales staff.
Manage e-Oscar direct and indirect consumer credit disputes.
Provide in-depth investigation through core systems and historical data to validate disputed credit information.
Adhere to all CFPB guidelines.