Consumer Lending Underwriter

Job Summary

The Consumer Lending Underwriter executes higher-risk and more complex consumer and small business underwriting decisions, exercising a very high level of designated authority within the Credit Union. This role is primarily responsible for reviewing, analyzing, underwriting, and deciding complex consumer and small business loans in accordance with OnPoint’s lending policies, underwriting guidelines, and procedures. Works with representatives from all delivery channels to meet the membership's borrowing needs and promote the membership's financial well-being while ensuring the safety and soundness of OnPoint.

Essential Functions

• Exercises a high level of consumer and small business lending authority and loan limits.
• Analyze, evaluate, and decide on higher-dollar and complex consumer and small business loans submitted to Consumer Lending.
• Underwrite in accordance with OnPoint policies and all governing state and federal rules and regulations.
• Assesses each situation's importance, urgency, and risk to make decisions and develop viable solutions to meet the member’s needs and the Credit Union’s objectives. Assesses product/loan alternatives in reaching and making loan decisions.
• Analyze and review consumer and small business application documentation, emphasizing accuracy, legitimacy, and completeness.
• Reviews collateral value documents to ensure the collateral type and collateral value support the loan amount.
• Collaborates with other departments to collect information related to consumer and small business lending decisions.
• Analyze complex tax returns and cash flow, including self-employed, rental, and corporate.
• Reviews income verification/tax analysis or paystubs to ensure income supports loan decision/recommendation.
• Maintains knowledge of OnPoint’s consumer and small business loan products.
• Serves as an expert resource for lenders within the Credit Union.
• Provide prompt attention and turnaround times on all loan applications. Discuss loan denials, counteroffers, and credit underwriting for each loan evaluation with lenders.
• Recommends ideas and solutions for process improvements and risk prevention based on observations.
• May participate in projects associated with the implementation of processes and procedures.

Knowledge, Skills, and Abilities

• Maintains thorough knowledge of OnPoint’s consumer and small business lending policies, guidelines, and practices.
• Maintains working knowledge of state and federal rules and regulations in areas of responsibility, including Truth in Lending, Reg. B, CIP, FCRA, OFAC, BSA, and Military Lending Act)
• Ability to analyze basic and complex tax returns and financial statements (Self-employment, Corporate, Rental).
• Ability to read and analyze Credit Reports.
• Knowledge of business entity structures.
• Knowledge of OnPoint’s products, services, and procedures; including, but not limited to, loans and loan servicing, deposit accounts and servicing, Credit Cards, new memberships
• Knowledge of auto pricing practices, reserve practices, auto buying, and auto financing structures.
• Ability to effectively collaborate. Effective and comfortable engaging others, building rapport, and handling differences. Skilled diplomatically and constructively, responding to challenging situations, maintaining composure, and displaying patience.
• Ability to use language effectively to gather information and facilitate the exchange of thoughts and ideas.
• Expresses self clearly and logically. Presents self genuinely and with assurance.
• Highly proficient in identifying, analyzing, and solving completed situations or problems.
• Exceptional research skills, ability to examine data to understand issues, draw conclusions and solve problems.
• Ability to distinguish pertinent and non-pertinent information in situations; correlate information from varied sources.
• Capacity to comprehend, retain and apply new skills and sizable volumes of information.
• Ability to add, subtract, multiply, divide, and compute rates and percentages.
• Skilled at using ten-key and data entry.
• Knowledge of basic computer skills and ability to learn and use software tools.
• Values learning for self and of others – fosters a climate for learning and development.
• Ability to recognize opportunities for area of work or need for changes.
• Ability to maintain confidentiality.
• Exceptional time management skills with a solid ability to coordinate and prioritize workload in high-volume areas. Ability to work independently.

Qualifications

• 4 year College degree preferred.
• 3 years of lending experience required, with 2 years of consumer lending experience preferred.
• Experience analyzing basic and complex tax returns.
• Experience in analyzing RE Title Report, RE Appraisals/valuations preferred.
• Available to periodically work in the early evening hours and Saturdays.
• Proficient in working with DNA and MeridianLink operating systems preferred
• Ability to work Monday-Friday (9:30 am- 6:00 pm)

At OnPoint, we believe a workplace that reflects the richness of the world fosters a welcoming and empowering environment for everyone. We're committed to equity and inclusion, and consider all qualified applicants embracing every race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and your unique background.

We encourage you to apply if you're passionate about this opportunity and have the core qualifications. Your unique experiences and skills are what make you a strong candidate. Don’t let imposter syndrome hold you back! Our recruitment process is designed to be inclusive and accessible to all. If you need any accommodations during the application or interview stage, please let us know. We're dedicated to providing what's necessary to ensure a fair and inclusive experience.

Job Details

Job Family

Coll/Cr Admin Underwriting

Job Function

Coll/Cr Admin Underwriting

Pay Type

Hourly