Cons Lending Underwriter

Hanscom Federal Credit Union - Littleton, MA

Full-time - Entry Level

Littleton, MA

Credit Intermediation and Related Activities

About the position

It's an exciting time to be at Hanscom Federal Credit Union! As a member of our Consumer Lending department, you will join a dynamic team of dedicated individuals committed to delivering exceptional service to our members. Who we are - Hanscom Federal Credit Union Members-first - our members are our top priority. We make business decisions with our members at the top of mind. Integrity - we're honest and committed to doing what's best for our members and our company. What is right isn't the same as what is easy. Teamwork - we are in this together and we all benefit from our success. Innovation - we identify new ideas for processes or products that will lead to positive changes and take the initiative to implement the changes. Empathy - we understand that communication starts by listening, understanding diverse perspectives, and caring about others' sustained success. What we offer A full-time, permanent position that will reward you through an annual bonus program. Medical, Dental, Vision, FSA, 401(k), Student Loan Paydown, and paid Sick and Vacation time benefits. A flexible hybrid work schedule environment. We are committed to fostering career growth and development - when you join our organization it's not just a job. We look to develop your skills aligned to our business needs and help you progress in your career. Who you are - Consumer Loan Underwriter You are a dynamic, detail oriented, intuitive person with the ability to develop relationships, build rapport and become a trusted advisor. You are purpose-driven, have strong organization and multi-tasking skills, and are searching for a rewarding career where you are valued and respected.

Responsibilities

• Have a full understanding of all consumer lending underwriting criteria including auto loans, personal loans, credit cards, and reserve lines of credit.
• Analyze employment profile, credit history and strength, collateral, and all other information pertinent to the credit decision process on each credit application.
• Calculate disclosure requirements and instructions for loan closings.
• Follow the guidelines of risk-based pricing.
• Maintain a balance between efficiency, service and accuracy.
• Be proficient in analyzing application information for accuracy and completeness.
• Be proficient in identifying information provided by dealers that may be inconsistent.
• Be proficient in underwriting the self-employed borrower and evaluating said proof of income.
• Evaluate and verify the accuracy of the loan product and pricing for each loan.
• Identify all possible counteroffer situations to ensure the applicant's options are fully determined and that fair lending was applied in all cases.
• Approve loans within restricted guidelines and authority.
• Deny unqualified loan applications and/or suggests alternative courses of action.
• Request co-signer/guarantor if necessary.
• Follow Credit Union procedure for withdrawing and declining loan application.
• Actively cross-sell Credit Union products and services including GAP, MBP, and Payment Protection.
• Condition loans for approval if necessary, providing stipulations as needed to support loan documentation and quality.
• Have a full understanding of account opening procedures.
• Become adept with lending software.
• Represent the credit union in a professional manner; provide quality service to members and internal customers and CUSOs.
• Report all problems or adverse situations to the Consumer Lending Team Lead as they arise and handle accordingly as instructed.
• Maintain knowledge of compliance laws applicable to fair lending including Equal Credit Opportunity Act (ECOA), Regulation Z (Truth-in-Lending), Fair Credit Reporting Act and other state and federal laws that may be applicable.
• Performs other tasks or functions as required, requested, necessary or prudent from time to time.

Requirements

• Strong desire to work in a purpose-driven organization
• 3-5 years consumer lending underwriting experience
• Must have strong organizational, analytical and member service skills
• Knowledge in underwriting consumer loans
• Knowledge of consumer lending regulatory compliance
• Familiarity with standard concepts, practices and procedures within the consumer lending and indirect lending industry
• Ability to work independently in a high-volume application environment
• Associates degree or equivalent in consumer lending

Benefits

• Dental insurance
• Flexible spending account
• Health insurance
• Vision insurance