18 days old

Consumer Loan Officer I

LIC - HQ
Long Island City, NY 11101
  • Job Code
    118959196
  • Jobs Rated
    35th

Overview

Responsible for underwriting consumer loan applications, ensuring compliance with applicable Federal, State and NCUA rules, regulations and laws. This includes communication with the Consumer Lending staff, Member Service Representatives and directly with our members. This is the first level consumer loan underwriting position with lending authority for loan amounts up to $60,000 unsecured.



Responsibilities

  • Manage and maintain loan application workflow, including verification of information and timely review and underwriting of applications.
  • Underwrite consumer loans based on established guidelines. Approve loans that meet UNFCU guidelines, within authorized limits and established timeframes.
  • Make alternative recommendations for non-conforming loans. Prepare and present recommendations to Loan Panel for those loans that are exceptions to the guidelines.
  • Participate in consumer loan panel to review loan guideline exceptions and denials.
  • Ensure all declined loan requests are properly documented for review by a senior loan officer and Loan Review Committee.
  • Coordinate the preparation and issuance of adverse action letters to members.
  • Comply with updates and changes to loan programs, processes, guidelines and updates to consumer lending software.
  • Maintain all correspondence and documentation through the consumer loan underwriting and decision process and ensure documentation is archived in document retention system.
  • Address questions and resolve disputes between UNFCU and members using knowledge of consumer loan underwriting process and legal requirements.
  • Act as a resource for the Consumer Lending Department.
  • Participate in credit union training programs and any other function as requested.
  • Carry out member communication with the purpose of improving member’s experience.
  • <br /><b>Overview</b><br/><br /><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Responsible for underwriting consumer loan applications, ensuring compliance with applicable Federal, State and NCUA rules, regulations and laws. This includes communication with the Consumer Lending staff, Member Service Representatives and directly with our members. This is the first level consumer loan underwriting position with lending authority for loan amounts up to $60,000 unsecured.</span></p><br /><br /><b>Responsibilities</b><br/><br <ul><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Manage and maintain loan application workflow, including verification of information and timely review and underwriting of applications.</span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Underwrite consumer loans based on established guidelines. Approve loans that meet UNFCU guidelines, within authorized limits and established timeframes. </span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Make alternative recommendations for non-conforming loans. Prepare and present recommendations to Loan Panel for those loans that are exceptions to the guidelines.</span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Participate in consumer loan panel to review loan guideline exceptions and denials.</span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Ensure all declined loan requests are properly documented for review by a senior loan officer and Loan Review Committee. </span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Coordinate the preparation and issuance of adverse action letters to members. </span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Comply with updates and changes to loan programs, processes, guidelines and updates to consumer lending software. </span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Maintain all correspondence and documentation through the consumer loan underwriting and decision process and ensure documentation is archived in document retention system. </span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Address questions and resolve disputes between UNFCU and members using knowledge of consumer loan underwriting process and legal requirements. </span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Act as a resource for the Consumer Lending Department.</span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Participate in credit union training programs and any other function as requested.</span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Carry out member communication with the purpose of improving members experience.</span></li></ul> <img src="https://analytics.click2apply.net/v/1wBn5yC5Xm2ahAprUMYDz"> <br/><br/><br /><b>Qualifications</b><br/><br /><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>TYPE & AMOUNT OF EXPERIENCE:</strong></span></p><ul><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Bachelors degree and 2 to 3 years of experience in a consumer lending/underwriting environment</span><strong style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </strong></li></ul><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>TECHNICAL COMPETENCIES:</strong></span></p><ul><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Knowledge of consumer loan products</span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Ability to read and interpret supporting documentation, loan guidelines, financial statements and credit reports</span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Computer proficiency including use of Microsoft Office suite and loan underwriting software</span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Ability to understand lending regulations (i.e. Regulations Z, B, RESPA)</span><strong style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </strong></li></ul><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>BEHAVIORAL COMPETENCIES:</strong></span></p><ul><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Excellent communication skills, both verbal and written</span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Strong attention to detail</span> </li></ul><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>WORK ENVIRONMENT/CONDITIONS:</strong></span></p><ul><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Standard office conditions</span></li><li><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;">Willingness to work flexible work hours</span><strong style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </strong></li></ul><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><em><span style="color: red;">In addition to any specific job requirements in connection with Bank Secrecy Act and/or OFAC (BSA), employee must (i) be aware of BSA matters commensurate with the position; (ii) report any suspicious activity to the manager or compliance department; and (iii) satisfactorily complete any required BSA training.</span></em></span></p><p>PI118959196</p>

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    Jobs Rated Reports for Loan Officer

    Posted: 2020-03-12 Expires: 2020-04-12

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    Consumer Loan Officer I

    LIC - HQ
    Long Island City, NY 11101

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