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Consumer Loan Underwriter II - Hybrid - Phoenix, AZ
Job Summary Overview The position is responsible for reviewing, analyzing, and approving, countering, or denying consumer credit requests within established individual authority limits in accordance with company and industry guidelines.
Essential Job Functions
- Distinguishes between patterns and anomalies within the context of the entire credit application to assess the creditworthiness of a borrower.
- Assesses and mitigates credit risk and explains rationale for decisions and underwrites successfully to Level V limits as outlined in the Lending Authority Schedule.
- Accountable for balancing quality underwriting with exceptional service experiences with an emphasis on decision time frames on all loan applications.
- Maximizes each opportunity to create or expand a mutually beneficial member relationship while identifying additional loan opportunities.
- Demonstrates habits and behaviors consistent with brand guidelines aimed at becoming the borrowers’ lender of choice.
- Maintains knowledge of loan product guidelines, internal policies and procedures, and industry regulation requirements.
- Reviews, analyzes, and evaluates member’s income documentation submitted by retail staff.
- Underwrites successfully direct, indirect loans and home equity products.
- Completes audits to validate loan quality on the decision engine and makes recommendations regarding findings.
- Assists co-workers with developing sound credit decisions, critical analysis skills, and identifies additional loan opportunities.
- Partners with the Organizational Development team to plan, develops and presents educational opportunities in partnership with organizational development for lending and retail staff.
- Performs other job-related duties as assigned.
Position Required Qualifications
Minimum Education and Experience
High School diploma or general education degree (GED). Five years’ experience in a financial institution or related field and one year consumer loan underwriting experience at a financial institution.Knowledge, Skills, and Abilities
Ability to work efficiently and responsibly in an environment with multiple work demands and short timeframes. Knowledge of computers and software applications. Ability to type 45 words per minute. Ability to read, write, speak, and use proper grammar in English.
Ability to read and comprehend written instructions, correspondence, memos, and procedure manuals. Ability to communicate effectively by telephone to others regarding sensitive inquiries or concerns. Ability to calculate rates, ratios and percentages and other variables to make sound loan decisions.
Ability to make decision based on training, commonsense understanding, and guidelines. Must be proficient and knowledgeable regarding credit reporting, having the ability to read, understand, and interpret a credit report and how the credit is trending. Must be detail oriented to ensure work is consistent and accurate and credit decisions are executed in compliance and procedures.
Must have strong critical thinking skills and can analyze information and assess risk. Must possess knowledge of Fair Lending Laws, Reg B, Reg C, and Reg Z.
Licenses, Training, and Certifications Required
None.
Preferred
None.Hybrid Work Environment and Physical Demands
- Occasionally required to reach with hands and arms.
- Regularly required to stand or sit; use hands to finger keys accurately when using calculator machines or computer keyboards.
- Occasionally lift and/or move up to 50 pounds.
- Specific vision abilities required by this job include close vision, distant vision, and peripheral vision.
- The noise level in the work environment is quiet.
- Must be able to travel independently to department and branch locations.
Pay: From $31.49 per hour
Benefits
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance pro