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.