Consumer Loan Processor/Underwriter

Job Description

Role:

Primary function is the sound processing of new consumer loans. Sound processing includes the review of a member's loan request and gathering all supporting documentation used for the underwriting and funding of the loan. Works directly with Consumer Loan Underwriters and reports to the Consumer Loan Supervisor.

Essential Functions & Responsibilities:

Responsible for mailing of Adverse Action Notices to applicants. Responsible for the upload of all documentation to imaging system as it relates to the adverse action.

Prepares loan documents for in branch closings. Prepares loan documents for and funds all consumer loan electronic closings. During this process, will be responsible for the electronic delivery of documents. Review and confirm that all appropriate signatures have been received on all loan documents, as required.

Responsible for the receipt of credit card documents from the branches on new account promotional credit cards. Once all documents received, complete the credit card order form and upload to Nautilus. The credit card order form will be sent to the Operations Department with instructions to all misc. fields for promotion.

Required to take applications and enter into our loan origination system. Applications may be by phone or internet. This involves making yourself available to answer calls coming into the new consumer loan and underwriting queues.

Evaluate consumer loan requests received in the Consumer Loan Underwriting Department by performing the following functions: *Obtain and analyze credit reports and acceptable credit information *Verify credit information when necessary *Determine debt to income ratio, collateral valuation and general loan quality *Review all supporting documentation for accuracy and compliance of the loan application.

Ensure that all loan decisions are based on an accurate and thorough understanding of each member's financial needs in order to make a sound lending decision.

To be proactive in searching for loan steal opportunities and other cross sell opportunities, such as debt protection, GAP or other credit union products and services, when reviewing loan applications for approval to meet monthly goals and objectives.

Refer loans above established lending limit to senior management for approval and escalate any problems or concerns to management.

This is a hybrid position and requires a minimum of 1-2 days per week in office.

Full-time

Hybrid remote