Senior Consumer Lending Underwriter

Description

TITLE: Senior Consumer Lending Underwriter

DEPARTMENT: Consumer Lending

JOB SUMMARY:

The Senior Consumer Lending Underwriter is responsible for the underwriting, approval, and documentation of consumer loans, as well as the origination of new consumer loans. Additionally, this position will assist the management with guidance and oversight of consumer lending activities.    

ESSENTIAL FUNCTIONS:

• Underwrite and approve consumer loans as produced through the banking center network (auto, non-titled equipment, recreational vehicles, deposit secured, stock/bond secured, closed-end home equity, home equity line of credit, construction loans, bridge loans, land loans, and unsecured loans) including approving subordination agreements and change in terms requests.  
• Work with consumers directly at times in originating and closing consumer loan requests.
• Complete Adverse Action documentation in accordance with bank policies & procedures.
• Maintain knowledge and understanding of regulatory and compliance issues affecting consumer loans, as well as bank policies and procedures. 
• Monitor and review the maturing loans list by reaching out to staff or borrowers, and if proceeding with renewal, underwriting and/or originating the file with current standards and making recommendations.  
• Accurately and thoroughly document and report any policy exceptions 
• Assist other consumer lending staff in correcting Ticklers, Aged Exceptions, confirming liens are perfected, etc. as needed.
• Work with, advise, and assist in developing material and training with retail banking staff regarding loan documentation and underwriting requirements.
• Provide leadership, guidance, and training to other Consumer Loan Underwriters, Assistants, or Specialists within the Consumer Lending department.
• Review products on a regular basis and make recommendations to improve the bank’s strategic goals.
• Assist management with procedural writing and implementation.
• Provide back up for other consumer loan associates during periods of high volume or short staffing.
• Serves on committees or leadership teams that will establish new products or assist in innovative ideas, as necessary.
• Comply with all company or regulatory policies, procedures and requirements that are applicable to this position.
• Foster and preserve a culture of inclusion.
• Additional duties and responsibilities may be required to support the company’s mission, vision and values.

QUALIFICATIONS:

• Bachelor’s degree in business or related field; or equivalent combination of education and experience required.
• Minimum 6 years’ experience in consumer lending or underwriting with demonstrated knowledge of consumer loan products, services, and loan documentation.
• Experience in construction or other TRID loans is desirable but not required.
• Experience with using Finastra product suite (Decision Pro, Laser Pro) is desirable, but not required.
• Capability to work and collaborate with a variety of individuals and groups in a constructive and professional manner.
• Demonstrated knowledge of bank’s loan policies and procedures and consumer banking regulations.
• Excellent organizational skills with the ability to organize and manage a variety of projects and tasks.
• Capability to manage sensitive information and uphold confidentiality.
• Capability to utilize various banking software and Microsoft 365 products, with a high level of accuracy and attention to detail. 
• Strong verbal, written and interpersonal communication skills.

WORKING CONDITIONS:

• Duties are performed in a professional office environment.