Platinum Federal Credit Union · 1 day ago
Consumer Loan Underwriter
Duluth, GA
Full-time
Onsite
Entry Level
1+ years expPlatinum Federal Credit Union is seeking a Consumer Loan Underwriter to evaluate and analyze credit applications to determine the creditworthiness of potential customers. The role involves making informed decisions on credit extensions while ensuring compliance with company policies and industry regulations.
Financial Services
Responsibilities
Works with completed loan applications provided by loan interviewers to make decisions on extending credit
Analyzes applicant financial status, credit, and collateral evaluation to determine feasibility of granting loan and approves or denies. Forwards that information to the loan interviewer
Corresponds/converses with interviewers frequently to resolve questions regarding application information provided and further delve into the member’s situation to assist in being able to grant credit to the member
Has a tolerance for risk while appreciating the policy guidelines and requirements set out in regulation
Analyzes potential lending opportunities involved in each lending situation to further assist the borrower as well as increase the credit union's lending portfolio
Responsible for underwriting all consumer loan products including but not limited to auto, unsecured personal loans, Home Equity Lines of Credit etc
Assist with re-negotiations of loans based on lending guidelines, serve as a technical resource on difficult problems and questions; handle escalated calls: provide feedback and training to lending staff
Effectively communicate with Lending staff, Management, and Members concerning approved and declined consumer loans
Perform in accordance with the credit union’s efficiency standards
Ensure compliance with all laws, and regulations as they apply to consumer and small business lending
Maintain the privacy and confidentiality of the information obtained in the underwriting and lending process
Maximize portfolio revenue by practicing sound underwriting judgment and risk management principles
Perform special projects and tasks as required by the department
Exercises discretion and good judgement in the performance of essential job functions
Assist in attaining the lending goals and objectives of the credit union. Professional approach to assessing the credit needs of members. Professional appearance and attitude as well as the ability to communicate effectively with members and staff
Qualification
Required
1-2 years of banking, credit underwriting and or lending experience and knowledge of consumer loan products
Possess knowledge of credit analysis
Understanding of accounting principles and both business and personal financial statements and tax returns
Strong customer service experience
Strong knowledge of Microsoft Office products
Effective time management in meeting the Credit Union's efficiency standards
Ability to prioritize tasks in a fast-paced environment
Excellent communication skills (oral and written)
Strong interpersonal skills
Ability to read and interpret documents such as credit bureau reports, debt to income ratio reports, policy and procedure manuals
Ability to write routine reports and correspondence
Ability to speak effectively with borrowers and other employees of credit union
Must have an analytical mind with the ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals
Ability to compute rate, ratio, and percent and to draw and interpret bar graphs
Ability to solve practical problems and deal with a variety of concrete variables in situations where guidelines are available but extensive individual evaluation is required
Ability to interpret a variety of instructions furnished in written form, including but not limited to loan policy, procedural manuals, and compliance with appropriate regulations
Ability to operate standard office equipment and tools such as fax machine, telephones, photocopier, personal computer, and utilize appropriate versions of current computer software (e.g., Microsoft Office)
This position requires the ability to sit for extended periods, use a computer and standard office equipment, read and analyze detailed documents, communicate clearly in verbal and written form
Company
Platinum Federal Credit Union
Platinum Federal Credit Union (PFCU) is a not-for-profit financial cooperative.
51-200 employees
H1B Sponsorship
Platinum Federal Credit Union has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (2)
Funding
Current Stage
Growth StageLeadership Team
Kabir Laiwalla, CPA, MBA
CEO
Becky Hulett
Chief Financial Officer
Company data provided by crunchbase