Senior Loan Underwriter

Job Description

Job Description

Description:

Adventure Credit Union has been providing financial services to their members for over 90 years and are continuing to grow to meet their members changing needs. As one of the Best & Brightest Companies To Work For In The Nation , we strive to recruit and retain ambitious and talented individuals by continuous development, support, and appreciation. We currently are looking to add a full time Senior Underwriter to our Adventure Team!

The purpose of the Senior Underwriter serves as a trusted lending resource through accurate, compliant, and timely underwriting decisions. This position evaluates member loan requests, manages credit risk, and provides guidance to staff to ensure responsible lending practices that support members’ financial well-being. Positively supports Adventure Credit Union’s brand and promotes a service culture consistent with the credit unions’ mission, vision and core behaviors.

Responsibilities include, but not limited to:

· Evaluate and underwrite consumer loan requests, including unsecured loans, vehicle loans, indirect loans and home equity products

 

· Verify accuracy and authenticity of supporting documentation including proof of insurance and verification of income.

 

· Assess borrower creditworthiness, risk factors, and repayment ability using credit reports, income analysis, and collateral evaluation.

 

· Review and analyze all home equity documents received to determine ratios, credit and collateral acceptability including but not limited to, reviewing title searches, SEV, appraisals, income verification and flood insurance binders. 

 

· Ensure underwriting decisions are compliant with internal policies, state and federal regulations, and applicable lending laws (e.g., ECOA, Fair Lending, HMDA where applicable).

 

· Review and decision modification requests including hardship applications submitted by Financial Restoration

 

· Provide feedback and guidance to member-facing staff to help them develop their skills in building thorough loan applications which provide the best opportunity for loan approval and greatest benefit to the member.

 

· Exercise lending authority within approved limits and provide second-level review on escalated or complex applications.

 

· Analyzes and resolves non-routine problems and account adjustments. 

 

· Utilize loan origination systems and underwriting tools to document decisions and maintain data accuracy.

 

· Maintain various systems that touch the loan process, such as keeping loan rates updated in loan application systems and the intranet.

 

· Prepare, review, and analyze loan-related reports to support underwriting, risk management, and operational needs.

 

· Assist with various organizational projects.

 

· Proactively identify member financial needs and recommend appropriate lending or financial solutions.

 

· Make prudent decisions in a timely, well researched manner that reflects awareness of impact.

 

· Engage in proper and professional communication of pertinent information and knowledge and proper use of all internal technology to share information internally with those who need to know it 

 

· Demonstrate sensitivity, support, respect, flexibility, dependability and timeliness in order to take personal responsibility and accountability for actions and performance. 

 

· Engage in continuous learning to maintain an adequate level of knowledge in all areas of responsibility.

 

· Attend, prepare for and participate in department and credit union wide meetings and trainings. 

 

· Identify, research, and recommend policy, procedure, and process improvements.

 

· All other responsibilities as assigned by Management.

Requirements:

· High school diploma, GED, or equivalent education and work experience.

· Minimum of three (3) years’ experience underwriting consumer and home equity loans preferred. Candidates with strong knowledge of underwriting principles, relevant lending experience, and demonstrated ability to assess credit risk will also be considered. 

· Must obtain, maintain and disclose an NMLS registry ID number in accordance with the SAFE Act.

· Excellent typing and computer skills, including in-house email and core systems.

· Proficient in all Microsoft Office application (Word, Excel, PowerPoint, and Outlook).