Consumer Loan Underwriter
Consumer Loan Underwriter
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Job Description
This position will be working at our Headquarters Building in North Austin 183/Oak Knoll). This position is fully inperson at our offices.
UHCU is looking for a skilled Consumer Loan Underwriter who is passionate about creating an exceptional lending experience to our members by providing appropriate decisions on all consumer loan requests to include auto loans motorcycle loans recreational vehicle loans HELOCS and unsecured loans in a timely and accurate manner.
This is a selfpaced position that requires someone with a sense of urgency who is able to work with independent analysis and auto decision parameters while reviewing applications for suitability within UHCUs current lending policies and goals. You will be manually reviewing loan applications to determine the applicants stability collateral willingness to repay and ability to repay in order to make sound business decisions while contributing to the credit unions loan portfolio.
As a Consumer Loan Underwriter at UHCU youll get to:
- Objectively reviews and evaluates information on consumer loan applications and supporting documents for borrowers of all credit tiers to determine if buyer collateral and loan conditions meet Credit Union guidelines policy limits and comply with all Texas and federal rules and regulations.
- Approves or rejects loan applications through fair and equitable decisionmaking. Requests additional information following assigned underwriting guidelines and procedures as needed. Reviews and makes recommendations on loan policy exceptions to include but not limited to loan to value term and collateral variances.
- Performs functions related to the review investigation decision and pricing of new consumer loan applications and secondary reviews based on established loan authority. Reviews and decisions extension and modification requests.
- Analyzes evaluates and makes recommendations to management for requests that are high in risk and are beyond established loan authority. Performs adverse action process in compliance with Regulation B requirements as necessary.
- Utilizes the loan origination system to assist in the objective analysis of financial information and accompanying documents to include key ratios current and historical credit status of loan applicants to approve deny or counter decision loan requests based on established lending policies and procedures.
What you will need to succeed:
- Provides detailed information to support requests for additional information or stipulations necessary and required for loan fulfillment. Once collected reviews required loan decision support documentation to ensure accuracy to include calculation of proof of income.
- Monitors all decision related queues ensuring effective and efficient workflow from initial loan application through loan fulfillment or denial.
- Works closely with Sales staff ensuring information exchanges remain positive and timely educating sales staff and dealer partners on structuring deals for approval and what UHCU is prepared to underwrite. Assists Credit Union staff in verbally communicating loan decision details when necessary. Assists in escalated decision related situations.
- Protects organizational reputation by working professionally and respectfully with loan applicants and related thirdparties such as dealership personnel. Ensures that applicants are treated in a fair legal and consistent manner.
- Prepares and works assigned reports as required in a timely manner. Reviews and resolves report issues as required. Notifies management of any exceptions that remain unresolved or unreported.
Minimum Qualifications:
- Associates degree in Business or other related field.
- Minimum 3 years of demonstrated consumer lending underwriting experience with responsibilities related to making credit decisions on consumer loan products in a dealership F&I loan origination credit support or other related role.
- Knowledge of standard consumer lending products policy/procedures and regulations.
- Experience in the utilization of auto valuation guides credit report data credit underwriting software or loan origination systems.
- Understanding of income analysis with a demonstrated ability to read and interpret consumer credit reports financial statements and tax returns.
- Experience with TxDot NADA Symitar Synapsys DocuSign and LOS software programs or similar credit and auto related programs.
Preferred Qualifications:
- Bachelors degree from an university in Business Administration or other related field.
- 3 years of experience in a financial institution or related industry with progressive responsibilities related to managing multiple queues in a highvolume pipeline of loans from initial review to closing.
- Demonstrated experience in the utilization of a loan origination system with a decision engine.
- Knowledge of credit union products and services.
- Demonstrated ability to analyze cash flow leverage and gauge member strength.
- Manual underwriting experience including but not limited to manual ratio calculations.
About United Heritage Credit Union:
The Credit Union was established in 1957 as an Austinbased credit union and over 65 years later we continue to serve communities in Central Texas Austin and Tyler communities as well as those that live in the rest of Texas through TXCC membership. Through innovative technology exemplary service standards and competitive products United Heritage continues to be a strong force in the credit union industry. UHCU has over $1.5 billion in assets more than 77000 members 10 branch locations and approximately 260 employees. We are a fullservice financial institution whose vision is To be your primary financial institution. Being part of our credit union means being part of our community.
UHCU Offers:
- Competitive Benefits Package
- 401(k) options (PreTax and/or Roth)
- Generous paid time off (PTO)
- Education Reimbursement Program
- Opportunity to Advance!
Important Note: We take hiring very seriously. Interviewing at UHCU may include phone interviews as well as 1st & 2nd round interviews. We are unable to followup with each and every applicant but we do our best to run a thorough process for candidates whom we identify as a potential fit. We will be sure to contact you if that is the case.
Employment Type
Full-Time
