Consumer Loan Underwriter
Posted on Apr 6, 2021 by Alliant Credit Union
What will your day look like?
You will be responsible for underwriting and rendering loan decisions on consumer loan applications referred and received through the Loan Decision Engine and other retail and wholesale application sources. Work involves moderate difficulty in reviewing applicant credit information, determining and communicating loan decisions in accordance with underwriting and compliance standards, credit union policy and risk tolerance in a high volume, fast paced environment. Resources to do the job require the ability to analyze and interpret credit information including income tax returns, and all types of valuations including appraisals.
Do you see yourself doing this?
Analyzing and making final approval decisions on all consumer loan applications referred from Loan Decision Engine and other retail and wholesale loan application sources
Making appropriate recommendations including counter offering, restructuring and referring to other credit union products/services
Underwriting loans by analyzing credit reports, tax returns, pay statements and W2 forms; interpreting collateral valuations and appraisals as necessary to protect the credit unions interest
Granting or declining loans based on Credit Union policies, guidelines and risk tolerance
Making recommendations on loans outside of consumer underwriter's lending authority as delegated by the Vice President of Lending in accordance with the Board of Director's Consumer Policies
Providing support and assistance for loan and system testing and participates in the loan level due diligence reviews for consumer loan purchases by the Loan Trade Desk
Acting as a backup for indirect lending underwriter as needed
What makes you a great fit?
You'll be a great fit if in addition to a Bachelor degree and 3 - 5 years of experience in mortgage or consumer lending in an automated decision environment, you have:
Significant loan approval authority; or equivalent combination training and experience
Strong organizational, technical, analytical and decision making skills
When you're happy, we're happy!
As a thank you for joining our team, you'll benefit from:
Competitive medical, dental, and free vision benefits
Competitive compensation plan
Contributions towards gym memberships
Generous PTO and banking holidays off