Underwriting Manager

Abbott Laboratories Employees Credit Union • Gurnee, IL

118d • $68,161 - $113,603

About The Position

Directs the activities and performs daily management of the Underwriting and Collections team. Manages lending risk consistent with organization philosophy.

Requirements

• High School Diploma or equivalent (GED)
• Three (3) years of mortgage and consumer underwriting experience
• Three (3) years of prior management experience

Nice To Haves

• Bachelor’s degree in Business Administration or related field
• Three (3) years of mortgage and consumer loan underwriting and management experience, with one (1) year being in a financial institution

Responsibilities

• Maintains satisfactory asset quality of loan portfolio
• Reviews loan applications to analyze for credit quality and program acceptance.
• Approves mortgage and consumer loan requests
• Organizes and monitors loan files to ensure timely processing
• Oversees post-closing audit functions including reports and account maintenance
• Assists in product development and vendor procurement
• Interfaces/corresponds directly with credit union business partners
• Manages automated underwriting systems
• Monitors and adheres to mortgage loan investor requirements
• Manages collection function for all loan types
• Confirms and approves mortgage wires
• Assists with administration of loan origination systems (Meridian Link)
• Manages indirect loan participation relationship
• Prepares weekly/monthly/quarterly management reports
• Ensures loan compliance at State and Federal level
• Other duties as may be assigned

Benefits

• Base pay range of $68,161.85 to $113,603.08 per year
• Potential for pay variation based on location
• Access to ALEC benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 51-100 employees