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APG Federal Credit Union · 1 day ago

Home Equity Underwriter

Bel Air, MD

Full-time

Onsite

Senior Level

$27.72/hr - $34.65/hr

5+ years exp

APG Federal Credit Union is seeking a Home Equity Underwriter to ensure compliance with credit union policies while meeting departmental goals for turnaround time, quality, and volume. The role involves making independent decisions regarding loan approvals and proactively developing strategies to align with credit union objectives.

CreditFinanceFinancial Services

Responsibilities

Provide the highest level of member satisfaction and attainment of department and credit union goals

Analyze member needs, match products/ services to maximize member relationships with the credit union and increase member wealth

Acquire underwriter certification within 60 days of hire date

Maintain loan officer certification by meeting both quality and minimum loan underwriting volume standards

Review, interpret and analyze loan applicants’ credit history, income, asset profiles, tax returns, financial statements, and other complex financial information

Assist branch operations with questions regarding loan decisions and financial counseling

Implement and ensure compliance with credit union policies, procedures and regulations for all Home Equity Loans and Lines

Present strong analytical skills and decision-making ability to make lending decisions

Underwrite loans to ensure departmental and personal goals for turnaround time, quality and volume are met

Review loan histories and interview loan applicants, recommend suitable loan products, compile necessary documentation, define collateral requirements, and determine monthly payments

Identify debt held by other institutions and cross-sell loan products to applicants for the transferring of debt to the credit union

Review denied loan requests and make recommendations to supervisor for alternate decision if warranted

Properly communicate loan decisions and refer applicants, when appropriate, to a counseling service

Provide assistance in completing loan applications and associated information

Complete all associated paperwork and correspondence with members as necessary

Identify and communicate to credit union management, product or service related issues or improvements which could result in higher quality services members or improved financial control for the credit union

Maintain adherence to all credit union policies, procedures and regulatory requirements, while demonstrating professional service skills and financial integrity, as due course of business

Perform self- audits to reduce errors and adhere to credit union procedures

Perform loan disbursal duties as required or directed

Must be able to assist in auditing and funding loan files received under the consumer retail portfolio

May assist management, on an as needed basis, with system overrides, difficult member inquiries and coordination of workflow

Perform other related duties as required or directed

Responsible for completion of applicable training and compliance on federal regulations and APGFCU policies and procedures as related to the duties of this position (Bank Secrecy Act, Information Security as examples, if applicable)

Qualification

Underwriting certificationHome equity loansCredit analysisConsumer credit lawsFinancial statements analysisCustomer serviceCritical thinkingTeamworkVerbal communicationWritten communication

Required

Equivalent to High School education with additional broad specialized training equivalent to 2 years college

A minimum of five years of experience with a financial institution with knowledge of products and services, including interviewing loan applicants, underwriting and making loan decisions (loan authority)

Experience must include reviewing, interpreting and analyzing loan applicants' credit history, income, asset profiles, tax returns, financial statements, and other complex financial information

Acquire underwriter certification within 60 days of hire date

Maintain loan officer certification by meeting both quality and minimum loan underwriting volume standards

Knowledge of the features and benefits of financial institution products and services (to include mortgage products)

Knowledge of consumer credit laws; knowledge of credit reporting/score

Strong critical thinking/analytical skills

Excellent verbal and written communication skills

Customer service skills

Human relations skills

Ability to work independently and as part of a team

Problem-solving and decision-making abilities

Must be numbers and detail oriented

Preferred

A minimum of two years' experience underwriting home equity loans

Benefits

Medical and dental (shared expense)

Vision

401(k)

Life and disability insurance

Flexible spending account

Employee assistance program

Referral program

Educational assistance

Holidays

Annual leave

Sick leave

Company

APG Federal Credit Union

APGFCU’s roots go back to 1938 when a group of local pioneers decided to address the savings and borrowing needs of the military families at the Aberdeen Proving Grounds.

Founded in 1938

Aberdeen, Maryland, USA

201-500 employees