Consumer Underwriter

Kellogg Community Credit Union - Battle Creek, MI

Full-time - Entry Level

Battle Creek, MI

Credit Intermediation and Related Activities

About the position

Join Kellogg Community Credit Union as a Consumer Underwriter at our Second St. branch! As the Consumer Underwriter, you will be responsible for assessing the creditworthiness of loan applicants and making decisions to approve or deny a variety of consumer loan applications with considerable loan authority. Your role will involve analyzing financial and credit information provided by applicants to determine their ability to repay the loan, in addition to promoting credit union products and services. This position is crucial in ensuring that the credit union maintains its standards for lending while also supporting members in their financial needs. In this role, you will review consumer and indirect loan requests, recommending approval or denial based on your assessments. You will determine the appropriate loan amount, interest rate, and terms based on the applicant's creditworthiness. Your responsibilities will also include calculating income and reviewing personal and business tax returns, identifying collateral needs, and developing payment plans for members applying for loans. You will handle loans of varying complexity, value, and risk, ensuring that all Credit Union policies and procedures are adhered to. Effective communication with loan officers will be essential as you resolve questions regarding applicant information, collateral details, and loan decisions, preparing files for closing. Staying current on industry trends, regulatory changes, consumer loan guidelines, and best practices in consumer lending will be part of your ongoing responsibilities. You will also collaborate on rate changes as needed and ensure compliance with documentation issues, all while maintaining a courteous and professional relationship with both internal and external members.

Responsibilities

• Review consumer and indirect loan requests and recommend approval or denial
• Determine appropriate loan amount, interest rate, and terms based on the applicant's credit worthiness
• Calculate income and personal and business tax returns
• Identify collateral needs and payment plans for members applying for loans and assist in compliance and interpretation of supporting documentation
• Handle loans of complexity, value, and risk
• Communicate with loan officers to resolve questions regarding applicant information, collateral information, loan decision, and prepare files for closing
• Keep current on industry trends, regulatory changes, consumer loan guidelines, and best practices in consumer lending
• Collaborate on rate changes as needed
• Ensure that all Credit Union policies and procedures are in place and followed, advise on compliance and documentation issues
• Create and maintain a courteous and professional relationship with internal and external members

Requirements

• One to Three years similar or related experience with a proven track record of handling complex cases
• Ability to review and analyze personal and business tax returns
• Ability to analyze consumer credit reports
• Knowledge of consumer lending regulations, terms and practices preferred
• Strong analytical and decision-making skills, with the ability to assess risk effectively
• Strong computer skills including the Microsoft Suite
• Strong attention to detail, and excellent time management skills
• Effective communication skills, written and oral
• Ability to interact with others on a regular basis and build relationships