Consumer Loan Underwriter

First New York Federal Credit Union; City of Albany (NY); On-site; USD 50,000 - 80,000; Full time

Job summary

First New York Federal Credit Union is seeking an experienced Loans Underwriter to evaluate and approve loan applications, ensuring borrowers meet risk policies and member needs. You will analyze credit, structure offers, and ensure compliance with regulations in a fully on-site role.

Join a team that values sound judgment, accuracy, and the ability to manage multiple priorities in a fast-paced environment while delivering excellent member service.

Qualifications

• Two to four years of lending experience in credit union/banking.
• Strong credit, interpersonal and clear communication.
• Proven ability to manage multiple priorities.
• Ability to work in a fast-paced environment.
• Proficient with current technology and software.
• Demonstrates risk tolerance per policy.
• Positive attitude and commitment to member service.

Responsibilities

• Approve or deny loans per board policies and compliance.
• Construct and approve loan offers within delegated authority.
• Perform credit analysis on loan applications.
• Ensure regulatory disclosures are sent in a timely manner.
• Develop cross-sell opportunities to maximize member relationships.
• Meet productivity performance standards.
• Maintain knowledge of credit union products and industry trends.

Skills

Credit analysis

Underwriting

Interpersonal skills

Communication

Risk assessment

Tools

LOS (Loan Origination System)

Credit risk tools

Job description

Description

Utilize good judgment and underwriting skills to quickly evaluate loan applications for risk and approve loan requests, which are structured to perform and meet member needs.

Utilize good judgment and underwriting skills to quickly evaluate loan applications for risk and approve loan requests, which are structured to perform and meet member needs.

Duties & Responsibilities

• Exercises sound judgment and discretion to approve or deny loans as specified in the Board approved loan policies based on compliance with applicable laws and regulations and credit criteria; exercises sound judgment and discretion to establish conditions for loan disbursement, issue disbursement instructions to loan processors.
• Construct and approve loan offers in accordance with delegated approval authority and loan policy.
• Utilizes policy and procedure to build performing loans.
• Document adverse actions as needed and prepare systems to produce denial letters.
• Conduct credit analysis on each loan application including cash flow analysis, debt ratio calculation, credit scoring and collateral valuation.
• Provide and ensure that all regulatory disclosures are sent in a timely and compliant manner.
• Adhere to code of ethics.
• Approves loans with any stipulations. Clarifies any stipulation discrepancies with department processors as needed.
• Develops cross-sell and up-sell opportunities to maximize member relationship.
• Consistently meets established productivity performance standards.
• Adheres to all local, state, and federal laws/regulatory requirements as related to functional areas.
• Maintain a proficient knowledge of all credit union products and services, as well as industry trends and benchmarks, and products and services offered by the competition.
• Have and maintain the NMLS designation.
• Performs other duties as may be assigned.

Requirements

• Possess two to four years of previous lending experience in credit union/banking environment.
• Credit skill, interpersonal skills and ability to communicate clearly while handling multiple priorities.
• Demonstrated commitment to making performing loans.
• Comfort working in a fast-paced environment.
• Adept at utilizing most current technology and software.
• Displays a tolerance for risk as defined in Board approved policies.
• Possesses critical thinking skills and applies learned lending principles according to the unique needs of each member and their risk profile.
• Displays a positive attitude. Strong commitment to provide excellent member service with a "whatever it takes" attitude.

Work Schedule

Monday - Friday. 8:15am - 5:00pm, Saturday 9:00am - 1:00pm (Rotational)

Work Location

Fully On-Site