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About the Role
Utilize good judgment and underwriting skills to quickly evaluate loan applications for risk and approve loan requests, which are structured to perform and meet member needs.
Responsibilities
- Exercises sound judgment and discretion to approve or deny loans as specified in the Board approved loan policies based on compliance with applicable laws and regulations and credit criteria.
- Establishes conditions for loan disbursement and issues disbursement instructions to loan processors.
- Constructs and approves loan offers in accordance with delegated approval authority and loan policy.
- Builds performing loans utilizing policy and procedure.
- Documents adverse actions and prepares systems to produce denial letters.
- Conducts credit analysis on each loan application including cash flow analysis, debt ratio calculation, credit scoring and collateral valuation.
- Provides and ensures that all regulatory disclosures are sent in a timely and compliant manner.
- Adheres to code of ethics.
- Approves loans with any stipulations and clarifies any stipulation discrepancies with department processors.
- Develops cross-sell and up-sell opportunities to maximize member relationship.
- Consistently meets established productivity performance standards.
- Adheres to all local, state, and federal laws/regulatory requirements as related to functional areas.
- Maintains a proficient knowledge of all credit union products and services, as well as industry trends and benchmarks, and products and services offered by the competition.
- Maintains the NMLS designation.
- Performs other duties as may be assigned.
Requirements
- Possesses two to four years of previous lending experience in a credit union/banking environment.
- Possesses credit skill, interpersonal skills and ability to communicate clearly while handling multiple priorities.
- Demonstrates a commitment to making performing loans.
- Comfortable working in a fast-paced environment.
- Adept at utilizing most current technology and software.
- Displays a tolerance for risk as defined in Board approved policies.
- Possesses critical thinking skills and applies learned lending principles according to the unique needs of each member and their risk profile.
- Displays a positive attitude.
- Strong commitment to provide excellent member service with a “whatever it takes” attitude.
Skills
- Underwriting
- Loan evaluation
- Risk assessment
- Credit analysis
- Cash flow analysis
- Debt ratio calculation
- Credit scoring
- Collateral valuation
- Regulatory compliance
- Cross-selling
- Up-selling
- Member service
- Technology utilization
Location
- On-Site
Work Type
- Full-time
Experience Level
- 2-4 years