Consumer Loan Underwriter

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Consumer Loan Underwriter

@ Meritus Federal Credit Union

Essential Functions: 

• Maximizes revenue by practicing sound risk management principles; demonstrates strong analytical skills and sound underwriting judgment.
• Ensures compliance with Meritus Credit Union underwriting policies.
• Builds and strengthens rapport with Branch personnel by effectively and promptly communicating credit decisions and providing prompt dealer service.
• Serves as a liaison between Central Underwriting and the Retail Branch staff.
• Actively participates in risk/opportunity meetings; evaluates risk issues; stays abreast of constant changes in policies and procedures.
• Monitors the queue for loan applications.
• Reviews and interprets credit reports and loan applications to make sound loan decisions within acceptable time parameters.
• Evaluates past and present credit information and other related factors in order to make a quality loan decision.
• Identifies and understands debt restructuring and alternatives to lending with regard to the security and best interests of the credit union as well as the member.
• Recognizes opportunities and suggests the cross selling of credit union products and services to members.
• Offers guidance and assistance with loan building, credit interpretation, credit union policies and procedures to other staff members as needed.
• Reviews loan documentation, verification of income, collateral appraisals and other documents as needed for loan underwriting, verifies approval loan notes prior to signing.
• Identifies and refers possible Loss Mitigation and Work-out loans to Loss Mitigation Loan Officer.
• For the purpose of maintaining loan application quality, provides documented reviews of loan applications.
• Responsible for meeting department goals and standards as assigned by Lending Management.
• Responsible for compliance with all Federal regulations including Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC)

Salary Range: $16.83 - $31.25 per hour

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Qualifications:

Qualifications:

• Professional, well-developed communication skills required.
• Work requires knowledge of consumer loan policies, credit granting criteria, interest rates and how they are computed, and required documentation for each type of loan.
• Strong analytical Skills.  
• Previous Consumer Lending and/or Consumer Underwriting experience required.
• Ability to make sound credit decisions.  
• Intermediate or higher mathematical skills required.
• Excellent attention to detail and organization.
• Knowledge of lending regulations and compliance.
• Work requires sitting for the majority of the day.

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How to Apply:

Apply online at https://www.merituscu.net/about/careers. 

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