Consumer Lending Underwriter

NASA Federal Credit Union
Upper Marlboro, MD
Sep 20, 2022
Oct 05, 2022
Accountant, IT
Full Time
Overview: NASA FCU employees are mandated to be fully vaccinated unless legally entitled to an accommodation for a disability (including medical conditions) or a sincerely held religious belief, practice, or observance. Fully vaccinated means at least 14 days have passed since the last shot was administered. Vaccination documentation or an approved accommodation will be required. Testing is not an option. Responsibilities: NASA Federal Credit Union is looking for an experienced Consumer Lending Underwriter to review and approve consumer loans based upon the assigned level of loan authority. This position is responsible for the timely and accurate decisioning of consumer lending products utilizing the Credit Union's credit granting guidelines. It will communicate loan policy and procedural information via multiple communication channels to existing and potential Credit Union membership. It will also decision routine and complex loan requests by validating loan data, examining documentation, identifying loan fraud, evaluating/mitigating risk within delegated authority. It may review previously decisioned transactions for accuracy and adherence to the Credit Union's underwriting and corporate policies. This position will prepare loan documentation for either direct lending team (customer facing) or indirect team (auto dealer facing). Consumer Lending Underwriter I:Decisions applications submitted, placing emphasis on response time, quantity of applications processed, and quality of applications approvedObtains credit reports, evaluates credit worthiness and performs credit investigations when necessaryStructures approvals to enhance the Consumer Lending portfolio and maximize member relationshipsMeets or exceeds agreed upon targets for volume, conversion ratios, and other business metricsInteracts with members to verify and update all loan information while identifying the need for other Credit Union products Consumer Lending Underwriter II: (In addition to the requirements of Level I)Tests operating systems and updates to core computer programs to detect errors and programming. problems, and reports findings/recommendations for adjustments to AVP of Consumer LendingResolves any complaints in a professional manner and evaluates suggestions for improvementMay act as a mentor to Loan Processors and Underwriter IsResearches loans with potential fraud using third-party systems Senior Underwriter: (In addition to the requirements of Level I & II)When instructed, assists Team Leads with on-going business development needsAssists the Collection Department in reviewing delinquency rewritesWhen assigned, prepares and maintains periodic reporting to help drive underwriting efficiencies and uniformity across all lending productsMay act as a mentor to Underwriter I & IIsParticipates in Consumer Lending initiated projectsHelps identify software issuesSubmits process improvement ideas based upon member experience and observationProvides support to Team Lead when investigating fraudAssists Consumer Lending Teams with loan origination system and multimedia communication queue management Qualifications: Note: This position REQUIRES a 60-90 day on-site training period. Consumer Lending Underwriter I:High school diploma or equivalentTwo years or less of related experience and/or trainingWorks under immediate supervision Consumer Lending Underwriter II:High school diploma or equivalentThree or more years of consumer lending underwriting experience is required with demonstrated knowledge of standard consumer lending products, policy/procedures and regulationsWorks under general supervision and has a higher level of loan authority than the Underwriter I Consumer Lending Underwriter Senior:High school diploma or equivalent Degree in a relevant field preferredTen or more years of consumer lending underwriting experience is required with demonstrated knowledge of standard consumer lending products, policy/procedures and regulations (unless skills are deemed appropriate by the VP of Retail Services).Works under general supervision. Has a higher level of loan authority than the Underwriter II Work Schedule: Multiple shifts are needed to cover the work hours for this position and may be assigned as follows:Monday - Friday, shifts beginning as early as 8:00 am and ending as late as 8:00 pm EST.Saturday: 8:00 am to 4:30 pm EST.Later weekday hours and weekends may be worked remotely.Shift assignments are based upon the needs of the Credit Union which can require overtime. We offer a generous benefit package:$56,160 - $74,880 / Annually (based on experience and level)401(k) match to 6% of earnings - immediate enrollment and 100% vestingChoice of two health plansDental VisionLife Insurance - no costLong-term Disability Insurance - no costEmployee Assistance Program - no costPaid vacation Paid sick time11 Paid holidaysProfit Sharing eligiblePet InsuranceIdentity Theft Protection

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