[Close] 

Underwriter - Consumer Loans

Description

Primarily responsible for the timely and accurate review, evaluation and processing of loan applications and supporting information. Provide needed assistance to others within the Consumer and Indirect Lending areas.

  • Receive and review incoming loan application requests and supporting documentation delivered through managed electronic lending portals, queues or other avenues of receipt. Underwrite and process loans depending on department need to meet stated service levels on a daily basis.
  • Underwrite and process loans depending on department need to meet stated service levels on a daily basis.
  • Utilize department policies & guidelines, in addition to cognitive thinking, to build profitable, performing secured and unsecured loans.
  • Conduct credit analysis on each loan applications including review of tax returns (personal and business), cash flow analysis, debt-ratio calculations, credit-scoring and collateral valuations.
  • Communicate with internal and external parties to ensure all appropriate information has been received from borrowers to best evaluate loan requests and ability to repay as stated. Manage pending applications within Loan Origination System (LOS) queues as directed.
  • Document loan decisions in such a manner and detail needed for yourself and/or others to accurately communicate lending decisions to external merchants/dealers, borrowers, regulators, and/or other department team members.
  • Properly review and clear credit report fraud alerts. Discuss escalated fraud issues with management or other internal Credit Union department.


Don't Be Fooled

The fraudster will send a check to the victim who has accepted a job. The check can be for multiple reasons such as signing bonus, supplies, etc. The victim will be instructed to deposit the check and use the money for any of these reasons and then instructed to send the remaining funds to the fraudster. The check will bounce and the victim is left responsible.