Consumer Loan Underwriter

MD - Rockville

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We are still hiring during the pandemic of COVID-19 (or Corona Virus).

Your health and safety is our #1 priority at JobTracks.

We will be conducting video interviews during this time to ensure your safety.

$50,000 - 55,000
Annual Bonus

Job Description

  • In accordance with established policies and procedures, originates consumer and real estate loans by reviewing and analyzing the creditworthiness of loan applications.
  • Orders credit bureau reports, make direct credit inquiries, approves or denies credit requests, notify dealers of loan decisions, and assists in the cashing of approved loans.
  • Responsible for producing a high volume of quality consumer/indirect/HELOC's and 2nd mortgage loans.
  • Handles members' complaints and responds to a variety of loan inquiries from internal staff and members.

Primary Duties And Responsibilities

  • Conducts interviews and verifies eligibility for providing loan services.
  • Assists branch employees with lending decisions and proper documentation.
  • Reviews all data presented on applications to determine the purpose, current financial status, compliance with consumer law, and debt ratio.
  • Determines if loan requests should be approved or denied.
  • Approves loans, which meet approval criteria and authority level assigned, ensuring they are processed and ready for disbursal without delay.
  • Is capable of processing a loan from inception through credit investigation, write up and disbursement.
  • Ensures that current loan policies and procedures are strictly adhered to.
  • Maintains proper surveillance and security over applications being processed and funds being disbursed.
  • Informs members of rejection or conditional loans.
  • Processes deed of trust loans, which include 1ST and 2nd mortgages, Home equity, and FHA Title, I home improvement loans, to closing and ensures all are complete prior to filing.
  • Must be registered with the NMLS before performing any duties related to the offering of mortgage products to prospective borrowers.
  • Responsible for maintaining positive public relations with our members. Researches member files and determine necessary corrections.
  • Secures contracts and checks at the close of the business.
  • Other duties as required or assigned by management.

Other Duties And Responsibilities

  • Must comply with the Federal Bank Secrecy Act, Anti-Money Laundering & Customer Identification Policy (BSA), the OFAC Policy, and the Identity Theft Policy.
  • Writes up worksheets on loans.
  • Responsible for supplies necessary for the operation of the Loan Department
  • Insures FHA reporting manifest is complete.
  • Assists staff in understanding policies and procedures.
  • Handles members' complaints
  • May perform supervisory duties in the absence of department supervisor.
  • Assists in training department personnel
  • Keeps managers informed of problems or potential problems with the department.
  • Ensures that all files are secure at the close of business.

Minimum Qualifications

  • To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the minimum level of knowledge, skills and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education And Training

  • High School diploma with some additional coursework, certifications, and/or lending training.
  • Must be able to meet the qualifications necessary to be registered with the NMLS under the provisions set forth by the S.A.F.E. Act.
  • On an annual basis is required to complete the mandatory Bank Secrecy Act, OFAC, and Red Flag Identity Theft training.
Prior Experience
  • 3-5 years credit union or financial industry experience within the lending function.
  • Interpersonal Skills Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships or soliciting cooperation.

Other Special Skills And Abilities

  • Knowledge of lending laws and regulations. Knowledge of Credit Union products and services. Strong communication skills - both written and verbal and the ability to explain complex terms or situations. Strong proficiency in computer software including word, excel, outlook. Knowledge of lending software and reporting.

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