Underwriter

Universal 1 Credit Union•Beavercreek, OH

1d•Onsite

About The Position

Responsible for evaluating and analyzing loan applications to assess creditworthiness and risk. This role involves reviewing financial documents, verifying applicant information, and making informed decisions on loan approvals or denials based on established guidelines and policies. Your goal will be to provide excellent member service while meeting the company's underwriting guidelines and compliance standards. Is aligned with and promotes U1 values. The ideal candidate will possess strong analytical skills, a thorough understanding of lending regulations, and a commitment to providing excellent member service.

Requirements

High School Diploma or equivalent is required.
Required to attain and/or maintain NMLS certification.
Three years of related progressive experience, preferably in a financial environment.
Must be able and willing to work evenings, weekends, and be on call.
Understanding of the Credit Union's field of membership.
Thorough knowledge of Credit Union services and products.
Understanding related legal and regulatory requirements.
Excellent communication and interpersonal abilities.
Strong interviewing and written communications skills.
Good organizational and problem-solving abilities.
Strong financial math skills.
Ability to analyze financial documents and assess loan risk.
Knowledge of Microsoft Office products.
Highly organized, detail-oriented, and capable of managing multiple tasks in a fast-paced environment.

Nice To Haves

Associate degree in related field or equivalent experience is preferred.

Responsibilities

Upholds U1 Values
Focuses on compliance and security by following regulations and U1 Procedures.
Understands NCUA insurance and lending regulations.
Follow directions.
Maintains effective and professional relationships with members, vendor partners and all levels of employees.
Supports and mentors U1 employees.
Meets deadlines and responds promptly.
Assists lending team as needed.
Assists with training.
Understands all products/services offered by U1.
Explains all products/services to employees or current/potential members.
Underwrites appropriate products/services that fit the needs of current or potential members.
Makes referrals according to procedures on when and how to refer members.
Evaluates and underwrites loan applications for various types of loans, including consumer loans, ensuring accuracy and compliance with credit union policies and regulatory requirements.
Analyzes financial statements, credit reports, and other relevant documentation to determine the creditworthiness of applicants.
Assesses risk factors associated with loan applications, including credit history, income stability, and debt-to-income ratios.
Makes informed decisions on loan approvals or denials based on risk assessment and underwriting guidelines.
Communicates with members and loan officers/employees to obtain additional information or clarification as needed.
Provides clear and timely responses to member inquiries regarding loan application status and decisions.
Ensures all loan underwriting activities comply with credit union policies, industry regulations, and legal requirements.
Maintains accurate and complete documentation of underwriting decisions and related correspondence.
Identifies opportunities for process improvements to enhance the efficiency and effectiveness of the underwriting process.
Collaborates with team members and management to implement best practices and optimize underwriting procedures.
Prepares reports and summaries on underwriting activity and loan performance as required.
Monitors trends and metrics to identify potential areas of concern or opportunity.
Effectively and professionally assists members by collecting information/data, assisting with research and resolution, securing and answering questions, and reporting results to members and appropriate team members and/or leadership.
Utilizes all channels of communication such as in person, phone calls, emails, or other electronic tools while maintaining a positive and professional U1 image.