Consumer Lending Underwriter

Consumer Lending Underwriter

In this role, you will assist members, staff, and third parties with detailed aspects of consumer lending underwriting for the credit union. Review and evaluate newly submitted consumer loan applications. Determine underwriting decisions with applicable stipulations utilizing established guidelines, risk tolerances, and policy limitations. Review and perform verification of income calculations to validate the ability to repay for applicants. Ensure approved loan applications meet established policies and procedures. Comply with all applicable laws, regulations, policies, and procedures. Salary: $25.00- $33.00 Per Hour Depending on Experience

Key Responsibilities:

• Review and evaluate newly submitted loan applications for accuracy.
• Identify potential credit and fraud risk on loan applications.
• Issue an underwriting decision with applicable stipulations.
• Request, review and verify key verifications.
• Verify loans will meet all policies and product requirements.
• Recommend policy exceptions to the department manager.
• Document all underwriting actions, decisions, and stipulations within the loan origination system.
• Underwrite loan applications in a timely and efficient manner.
• Make sound credit decisions utilizing current risk parameters established by management.
• Provide explanations for declined credit for use with Adverse Action notifications.
• Review loan applications for possible cross-sale opportunities.
• Communicate lending decisions with consumers when questions arise.
• Assist other departments and branches with lending and underwriting related questions/issues.

Qualifications: Required Skills:

• Minimum of two years of similar or related experience in lending, banking, or financial services.
• High school diploma or equivalent
• Strong attention to detail, accuracy, and compliance
• Excellent communication and customer service skills
• Ability to handle sensitive information with discretion

Preferred Skills:

• General knowledge of lending industry regulations, including Reg B, D, E, Z, CC, DD, FCRA, BSA, Patriot Act, Anti-Money Laundering rules, OFAC, HMDA, TRID, BSA, ECOA, FDCPA, TCPA, and MLA

What We Offer:

• Generous Paid Time Off Policy Up to 15 days in 1st year of service Paid Time Off increases with tenure
• VTO (Volunteer Time Off) Up to 16 hours yearly
• 401(k) plan 7% company match
• Health, Dental, and Vision Insurance Health Savings Account with Employer Contribution Available Free Vision Insurance
• Life and Disability Insurance Provided by the Credit Union with Optional Supplemental Coverage Available
• Competitive Wage and Professional Development Educational Assistance

Hughes Federal Credit Union is a background screening, credit check and E-Verify workplace.