Consumer Lending Underwiter (Non- Mortgage)

Description

The Consumer Lending Underwriter primary responsibilities include reviewing loan applications and financial documents, analyzing credit reports and scores, evaluating income, assets, and debt levels, adhering to lending guidelines and regulations, and making recommendations on loan approvals or denials. They are responsible for reviewing auto loan applications from local dealerships using the Dealertrack/Route One interface. They analyze credit data, income statements, and collateral information to make lending decisions according to credit union policies. This role involves managing credit risk and ensuring loan quality, working with various loan products including Auto, Credit Card, Personal, Boat, RV, and Motorcycle loans. They must also effectively communicate decisions on credit applications and work to capture loan approvals. The Underwriter will work closely with senior underwriters to ensure efficient and accurate assessments.

Major Duties and Essential Functions:

• Review and evaluate loan applications for credit cards, personal loans, RV loans, motorcycle loans, and car loans.
• Manage inbound calls from the indirect Dealer Hotline
• Analyze applicant creditworthiness by assessing credit reports, income documentation, and other relevant financial information.
• Ensure loan applications comply with internal policies and external regulations.
• Assist in the preparation and documentation of underwriting decisions.
• Communicate with loan advisors, branches, and applicants to gather additional information or clarify application details.
• Maintain accurate and organized records of all underwriting activities.
• Support senior underwriters in complex cases and special projects as needed.
• Familiarity of underwriting auto loan applications submitted by local dealerships on the Dealertrack/Route One interface. Lending experience on the Temenos Loan Origination System a plus.
• Manage credit risk and quality of loan portfolio through analysis and attention to detail on presented loan applications      while complying with credit union loan policies and procedures.
• Utilize superior sales skills to capture loan approvals and sell decisions when declining credit applications that fail      to meet credit union program guidelines.
• Build and maintain strong positive dealer relationships with dealership personnel via telephone and electronic correspondence.
• Promote the credit union brand by living our commitment to excellent member and dealership service, dependability, and flexible lending parameters.
• Maintain objectives for application efficiency and loan conversion ratios.
• Work closely with the Indirect funding team as well as other sales and lending groups within the credit union.
• Actively support and promote the Texans EPIC Culture by promoting a unified workforce through a culture of teamwork amongst peers and help grow our market share through new member acquisition.
• Employ a strong sense of urgency and ownership and demonstrate a highly professional work ethic in all facets of completing work duties.
• Participate in department and inter-department meetings as requested and required.
• Other duties as requested by Manager.

Positions directly supervised: None

Requirements

Specific knowledge, skills, and abilities required for this position: 

Consumer loan underwriting experience. Knowledge of all financial products and services offered by credit unions; excellent member service skills; team player with exceptional interpersonal and oral communication skills; extensive knowledge in the areas of Truth-in-Lending, Equal Credit Opportunity Act, Fair Credit Reporting Act as well as supporting knowledge in market trends in consumer lending. Current knowledge of auto lending. Strong understanding of credit bureaus, tax returns, and other financial statements as it relates to making a lending decision. Ability to quickly grasp new software and web site information. MS Office applications experience a plus. Ability to work evenings, Saturdays and some holidays as scheduled. Hybrid position that requires working on-site at the credit union headquarters on a weekly basis.

Education: College Degree preferred or equivalent specific job-related experience

Experience: 1-3 years of various loan product underwriting experience, Direct and Indirect dealership underwriting experience.