Consumer Non Real Estate Underwriter

South Carolina, United States
Full-time
Posted

Description

SUMMARY/OBJECTIVES

Responsibilities for review and underwriting of all types of consumer loan products in accordance with established bank guidelines, State/Federal regulations, and Fair Lending practices. Communicates with the originating Loan Officer to request additional information, final loan decisions, and recommends alternative loan structures and/or products. Provides lender support to include interpretation of bank loan policies and procedures.

ESSENTIAL FUNCTIONS

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Underwrite consumer loans in accordance with established bank policies and product guidelines.
  • Evaluate credit related information including credit histories, qualifying income, repayment capacity, and collateral valuations.
  • Performs analysis to determine borrowers qualifying income to include tax returns, paystubs, W2’s, 1099’s, verification of employment, retirement benefits, and all other forms of income sources.
  • Prepares cash flow analysis.
  • Achieves production, turnaround time, credit quality and support/service, based on established goals.
  • Communicates final loan decisions and delivers any negative responses in a positive, professional manner.
  • Provides lender support in the areas of loan product, policy, procedure, loan structure and pricing.
  • Evaluate declined lender applications for accuracy/concurrence.

OTHER DUTIES

  • Performs other duties, as assigned.

COMPETENCIES

  • General consumer underwriting skills and knowledge,
  • Tax return and cash flow analysis,
  • Customer service,
  • General banking knowledge,
  • Ability to problem solve, multi-task and prioritize workload, and
  • Ability to perform in fast paced environment and adapt to constant changes.

Qualifications and Education Requirements

  • Education: Bachelor’s in business administration, Finance, Accounting, related field preferred, or 3 years in related position
  • Experience: Minimum of 3 years consumer real estate and non-real estate secured loan experience required. Centralized Underwriting experience preferred.
  • Knowledge: Excellent interpersonal skills, general computer skills, ability to read, write, speak, and understand English

TRAINING REQUIREMENTS/CLASSES

New Employee Training Required annual compliance training.

RECOMMENDED ADDITIONAL TRAINING

Supervisory Responsibility

This position has no supervisory responsibilities.

PHYSICAL DEMANDS/WORK ENVIRONMENT

Must be able to effectively access and interpret information on computer screens, documents, and reports.

TRAVEL

This position does not require travel.

Want to receive similar offers?

Subscribe to stay up to date.

You can unsubscribe at any time.