Consumer Lending Underwriter

People's Alliance Federal Credit Union; Hauppauge (NY); On-site; USD 55,000 - 75,000; Full time

Job summary

People's Alliance Federal Credit Union in Hauppauge, NY is seeking a Consumer Lending Underwriter to join our Central Lending department at the main branch. You will analyze consumer loan applications and exercise judgement to approve or deny according to policy.

You will review credit reports, assess income and documents, and verify accuracy while adhering to ECOA, TIL and banking regulations. Excellent communication and bilingual English/Spanish are pluses.

Qualifications

• Experience in consumer underwriting or lending, with dealer collaboration preferred.
• Knowledge of loan terms, products and processes.
• 2+ years in banking with lending experience.
• Willingness to work evenings, weekends and some holidays.
• Excellent written and verbal communication.
• Bilingual English/Spanish a plus.

Responsibilities

• Review and evaluate direct and indirect loan applications to ensure standards.
• Review credit reports, calculate debt-to-income and loan-to-value ratios.
• Ensure underwriting decisions comply with ECOA, Truth in Lending and regulations.
• Verify applicant information and document approval or rejection rationale.
• Monitor queues and ensure member/dealer service levels in underwriting.
• Demonstrate analytical mindset and strong communication; apply underwriting policies.
• Cross-sell credit union products and services as applicable.
• Provide professional service to members and dealers with loan questions.

Skills

Underwriting experience

Credit analysis

Communication skills

Bilingual English/Spanish

Education

High School Diploma

Job description

People's Alliance Federal Credit Union is seeking a Consumer Lending Underwriter to work in our Central Lending department located in our main branch, in Hauppauge, NY.

Overview: The Consumer Lending Underwriter position is responsible for conducting careful analysis of consumer loan applications on the direct and indirect channels and exercise sound judgement to either approve or deny the application.

Responsibilities include:

• Review and evaluate information on Direct and Indirect loan applications to determine if borrowers meet the standards in accordance with established policies and procedures for the Consumer Lending channel.
• Working knowledge of reviewing a credit report, calculating debt to income ratios, loan to value ratios and financial documents such as pay stubs, W2's and tax returns.
• Ensure all underwriting decisions adhere to federal, state and credit union regulations including Fair Lending, ECOA, and Truth and Lending.
• Verify the accuracy of applicant information, including income, employment and credit history and document the reason for loan approval or rejection.
• Monitor multiple Lending Department work queues and the functions within each queue, ensuring that member and dealer service levels for underwriting and document review are consistently met.
• Possess an analytical mindset, excellent communication skills and a solid understanding of underwriting policies and procedures.
• Cross-sell credit union products and services as applicable.
• Provide professional, quality service to members and dealers. Assist members and dealers with questions related to the credit union's loan programs.

Requirements:

• Previous experience in Consumer Underwriting, Consumer Lending, or a related field; experience collaborating and working with dealers is preferred.
• General knowledge of loans terms, consumer loan products, programs and processes.
• 2 + years of related banking experience (incl. previous lending experience).
• Ability to work evenings, weekends and some holidays as needed.
• Excellent written and verbal communication skills.
• Bilingual, English/Spanish a plus
• High School Diploma required

Hours:

Monday - Friday, 8:30 am - 4:30 pm (incl. a 30-minute paid lunch). Some late nights, weekends and holidays as needed.

People's Alliance FCU is an Equal Opportunity Employer