drjobs Consumer Loan Underwriter

Consumer Loan Underwriter

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1 Vacancy
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Job Location drjobs

Franklin - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

RE WE THE COMPANY FOR YOU

Are you looking for a position that you can really enjoy Cornerstone Financial Credit Union is truly a positive and fun place to work! Our employees love working together as a team learning new things and helping others! We value our employees and provide excellent benefits and the opportunity to grow in a professional business environment. We are looking for a full time Underwriter to join our growing team! This position is located at our Franklin location.


ABOUT CORNERSTONE FINANCIAL CREDIT UNION:

Cornerstone Financial Credit Union currently has six locations that surround the Nashville area. These locations serve over 45000 members. Founded in 1955 Cornerstone Financial Credit Union is guided by the philosophy of people helping people. At Cornerstone we not only offer the most competitive rates possible but also provide exceptional service to our members and their families. We are Not for profit Not for Charity but for Service.


IS THIS POSITION FOR YOU

As an Underwriter you will evaluate and analyze loan documents in order to make sound decisions on consumer loan requests. Underwrites loans based on established CFCU loan policy guidelines and federal and state laws and regulations. Works toward the overall credit union goal of providing superior service to all members and dealer partners.


DUTIES AND RESPONSIBILITIES:

  1. Examines and verifies accuracy of loan applications.
  2. Reviews and verifies employment records income statements tax returns credit reports and other financial documents to assess risk of extending credit.
  3. Assesses whether debt-to-income ratio meets credit union lending standards.
  4. Calculates and verifies value of collateral offered.
  5. Uses sound judgement in decision making throughout the loan approval or denial process.
  6. Assists staff with recognizing cross-selling opportunities of credit union products and services
  7. Underwrites and approves loans within authorized limits based on credit union policies procedures and guidelines. Maintains comprehensive knowledge of and follows all federal and state consumer lending laws and regulations including and not limited to the guidelines of the Patriot Act (MIP) the Bank Secrecy Act Anti-Money Laundering Bank Bribery Act NCUA Privacy Regulations Reg. B Reg. Z Reg. DD Reg. E Reg. CC Service Members Civil Relief and FCRA/FACTA.
  8. Makes alternative recommendations within guidelines to creditworthy members not qualified for loan requested.
  9. Maintains communication with branch staff regarding loan application status and updates as necessary.
  10. Promotes and maintains confidential environment to protect member information.
  11. Ensures adverse action letters are completed and properly documented within loan guidelines and policies.
  12. Abides by the written signed Loan Officer Agreement.
  13. Stays informed and knowledgeable of all credit union rates fees products services and promotions to assist members with meeting their financial needs. Provides members opportunity to purchase payment protection and GAP insurance.
  14. Assists branch offices with online loan applications including documentation and funding.
  15. Attends required training and department meetings as directed by management.
  16. Performs other duties as requested.

JOB SPECIFICATIONS:

Education

High School diploma or GED is required. A bachelors degree in business or related field is preferred. Three years of practical experience may be accepted in place of degree.


Experience

Three years previous financial institution experience preferred. Consumer lending experience and computer skills are required.


Physical mental and visual requirements

Many of the duties of this position are performed while seated for extended periods of time. This position does require the ability to move freely from one area of the building to another. Excellent manual dexterity visual audio and verbal communication skills are needed. This position requires the ability to function in an environment of occasional high stress. Can work in a fast-paced environment and be extremely detailed with excellent time management skills.


PERSONAL QUALIFICATIONS:

A caring sincere positive attitude is required for this position. Effective communication skills and excellent customer service skills are required. Must be organized and detail oriented with good time management skills to prioritize tasks and meet tight schedules. Must possess analytical thinking skills and demonstrate flexibility to apply lending criteria on case-by-case basis. Leadership company loyalty and dependability should be demonstrated in this position. Must be able to function as a team player and cooperate with co-workers members and business associates. Must be able to retain credit union policies and procedures as well as federal and state lending laws and regulations.

Employment Type

Full-Time

Company Industry

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