Consumer Loan Underwriter

To maintain a strong connection with our members and local communities and better understand their unique needs, we are currently considering applications from candidates residing in Oregon and Washington for all open positions. We appreciate your understanding as we focus our hiring efforts in these specific regions. And, we encourage all qualified candidates from these states to apply, as we look forward to learning more about your unique skills and experience!

Purpose

Purpose:

Completes the underwriting for a variety of consumer loan products, including auto, secured and unsecured lines of credit, and recreational collateral. Decisions loans within the underwriter’s own credit authority limits and in accordance with the established policies and procedures of the credit union. Actively works to mitigate risk by employing a thorough, logical, and intentional thought process in decision making. Promotes the use of credit union services and products by recommending strategies to obtain the best results based on each member’s individual needs.

Where

and When You Will Work

Where and When You Will Work:

Remote role open to candidates residing in Washington (WA) or Oregon (OR). (Branches)
Monday through Friday, and rotating Saturdays or Sundays, 9am to 6pm.

Pay Range

Pay Range:

The target annual pay range for this position is $68,992 to $78,400. The full annual pay range is $62,720.00 to $94080.00. Compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer of employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant.

Incentives are performance based and targets vary by role.

Responsibilities

Responsibilities:

Analyzes loan applications, credit bureau reports, collateral evaluation, member account data, financial statements, tax returns, and other loan documentation to make, lending decisions on a variety of loan products in conformance with, fair lending, regulatory compliance, and established credit union policies and procedures. Reviews loans to ensure accuracy, Approves or denies loans based on risk factors within approved authority, reviewing underwriting decisions with the Loan Production Manager, Consumer Loan Underwriting Manager, or Underwriter Lead as appropriate.

Communicates loan decisions (approve, counteroffer, or decline) to the appropriate lending channel. Fosters and maintains positive relationships with dealer and merchant partners through verbal and written communication. Serves as a resource on consumer loan products/services of the Credit Union; respond to internal and external loan related member questions and research. Keeps current with knowledge of lending product updates, criteria, guidelines, procedures, policies, and processes to make sound lending decisions.

All other duties as assigned.

Previous Experience

Previous

Experience:

Minimum two (2) years of consumer lending processing and underwriting experience.

Knowledge, Skills, and Abilities

Knowledge, Skills, and Abilities:

Proficient in credit scoring models and loan underwriting guidelines. Knowledge of credit union policies, procedures, processes, and Core Values. Deposit operations (BSA, Regs. CC, DD, E, D, and Q). Expertise in Fair Credit Reporting, Fair Lending and Debt Collection Practices, and compliance with federal, state, and local laws, statutes, regulations, and standards. Familiarity with Truth in Lending Regulations (Z, E, and

B). Expertise in loan collateral types and their role in determining loan qualifications. In-depth knowledge of loan services, features, and benefits offered by the credit union. Actively learn and apply new…