Consumer Loan Underwriter

First New York; City of Albany (NY); On-site; USD 80,000 - 110,000; Full time

Job summary

First New York is hiring a loan underwriter to quickly evaluate applications, approve or deny requests, and structure loan terms in line with policy and risk appetite.

The role requires examining cash flows, ratios, collateral, and compliance while delivering timely disclosures and maintaining ethical standards. You will work on-site in a fast-paced banking environment and pursue growth through cross-sell opportunities.

Qualifications

• 2–4 years of lending experience in a credit union or banking environment.
• Strong credit skills, interpersonal abilities and clear communication while handling priorities.
• Commitment to producing performing loans and adhering to policies.

Responsibilities

• Approve or deny loans per board policies and regulatory requirements.
• Construct and approve loan offers within delegated authority.
• Conduct credit analysis including cash flow, debt ratios and collateral valuation.
• Ensure timely regulatory disclosures and maintain ethics.
• Develop cross-sell opportunities and meet productivity standards.
• Maintain knowledge of products, trends and competitive offerings.

Skills

Lending/Underwriting

Credit analysis

Clear communication

Multitasking

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.

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