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Valley Strong Credit Union · 6 hours ago

Senior Centralized Lending Underwriter

Fairfield Admin/Branch, Fairfield, CA, US

Full-time

Onsite

Senior Level, Lead/Staff

$66K/yr - $91K/yr

10+ years exp

Valley Strong Credit Union is a values-driven organization dedicated to helping people and communities prosper. They are seeking a Senior Centralized Lending Underwriter to review and analyze consumer loan applications, make lending decisions, and provide guidance to team members while maintaining compliance with federal regulations.

BankingFinancial ServicesNon Profit

Growth Opportunities

Responsibilities

Reviews Direct and Indirect loan applications completed and referred by various application channels (branches, Communications Center, approved indirect dealers, mobile app and the internet). Using the on-line loan application system (LoansPQ) approves or denies loans based on creditworthiness (credit), ability to repay (capacity), collateral and character

Serves as a lead team member in the department by providing direction and assistance to other team members. Provides assistance in team member development

May be required to perform dealer visits to underwrite, attract, and retain partnered dealers for increased loan volume

Maintains awareness of industry trends to make recommendations for expanded underwriting guidelines or pricing changes

This position has authority to make loan approval decisions based upon individual discretion and judgment within authorized lending limits

Discusses disputed loan decisions, including alternate solutions for the Member. Researches and resolves Member disputes in all aspects of Member goodwill and any applicable Federal or State Regulations

Explains loan programs to Members and Indirect Lending Dealers, evaluates their needs, and recommends loan options

Establishes the terms and conditions of an approved loan and reviews them with the Member and/or indirect Lending Dealers

Maintains a working knowledge and understanding of the Consumer Lending Operating Procedures

Provides consultative services to Members regarding credit union products and services by assessing the Member's needs and addressing their concerns

Analyzes department needs and recommends improvements in policies, procedures and workflow

Prepares the monthly work schedule to the department

Oversees all Loan Officer/Underwriter queues and ensures that loan applications are evenly disbursed and loan decisions are rendered within set credit union goals

Prepares productivity/activity reports using Word/Excel programs

All team members must comply with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. This includes the SAFE Act. Failure to do so may result in disciplinary and other employment related actions

Performs other related duties as assigned or requested

Qualification

Consumer Lending ExperienceIndirect Lending ExperienceLoan Approval DecisionsRegulatory ComplianceMathematical SkillsCommunication SkillsProblem Solving

Required

10 Years previous consumer lending experience, including minimum 3 years Indirect Lending experience

Ability to read and comprehend instructions, short correspondence, and memos

Ability to write simple correspondence

Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals

Ability to compute dividends and interest

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists

Ability to interpret a variety of instructions furnished in written or oral form

The Team Member occasionally must lift and/or move up to 10 pounds

Ability to stand for long periods of time

Must be able to process transactions in an efficient manner

Must be able to communicate policies and procedures to Members in an easily understood and professional manner

Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures