Senior Consumer Lending Underwriter

QCR Holdings, Inc.; Cedar Rapids (IA); On-site; USD 70,000 - 100,000; Full time

Job summary

QCR Holdings, Inc. in Cedar Rapids, IA, is seeking a Senior Consumer Lending Underwriter responsible for underwriting, approving and documenting consumer loans, as well as originating new loans within the Consumer Lending department.

The role requires direct consumer contact, adherence to TRID and regulatory requirements, leadership in training staff, and collaboration across teams to improve loan documentation, policies, and processes while maintaining confidentiality and high accuracy.

Qualifications

• Bachelor’s degree in business or related field; or equivalent combination of education and experience required.
• Minimum 6 years’ experience in consumer lending or underwriting with demonstrated knowledge of consumer loan products, services, and loan documentation.
• Experience in construction or other TRID loans is desirable but not required.
• Experience with using Finastra product suite (Decision Pro, Laser Pro) is desirable, but not required.
• Capability to work and collaborate with a variety of individuals and groups in a constructive and professional manner.
• Demonstrated knowledge of bank’s loan policies and procedures and consumer banking regulations.
• Excellent organizational skills with the ability to organize and manage a variety of projects and tasks.
• Capability to manage sensitive information and uphold confidentiality.
• Capability to utilize various banking software and Microsoft 365 products, with a high level of accuracy and attention to detail.
• Strong verbal, written and interpersonal communication skills.

Responsibilities

• Underwrite and approve consumer loans across multiple product types.
• Work with consumers directly to originate and close loans.
• Complete Adverse Action documentation per policies.
• Maintain knowledge of regulatory and compliance issues affecting consumer loans.
• Provide leadership and training to other underwriters.
• Collaborate with staff to improve loan documentation and underwriting requirements.
• Foster a culture of inclusion and compliance.
• Support management with procedural writing and implementation.

Skills

Communication skills

Organizational skills

Confidentiality

Team collaboration

Detail orientation

Education

Bachelor’s degree in business or related field

Equivalent combination of education and experience

Tools

Finastra Decision Pro

Finastra Laser Pro

Microsoft 365

Job description

Title

Senior Consumer Lending Underwriter

Department

Consumer Lending

Job Summary

The Senior Consumer Lending Underwriter is responsible for the underwriting, approval, and documentation of consumer loans, as well as the origination of new consumer loans. Additionally, this position will assist the management with guidance and oversight of consumer lending activities.

Essential Functions

• Underwrite and approve consumer loans as produced through the banking center network (auto, non-titled equipment, recreational vehicles, deposit secured, stock/bond secured, closed-end home equity, home equity line of credit, construction loans, bridge loans, land loans, and unsecured loans) including approving subordination agreements and change in terms requests.
• Work with consumers directly at times in originating and closing consumer loan requests.
• Complete Adverse Action documentation in accordance with bank policies & procedures.
• Maintain knowledge and understanding of regulatory and compliance issues affecting consumer loans, as well as bank policies and procedures.
• Monitor and review the maturing loans list by reaching out to staff or borrowers, and if proceeding with renewal, underwriting and/or originating the file with current standards and making recommendations.
• Accurately and thoroughly document and report any policy exceptions
• Assist other consumer lending staff in correcting Ticklers, Aged Exceptions, confirming liens are perfected, etc. as needed.
• Work with, advise, and assist in developing material and training with retail banking staff regarding loan documentation and underwriting requirements.
• Provide leadership, guidance, and training to other Consumer Loan Underwriters, Assistants, or Specialists within the Consumer Lending department.
• Review products on a regular basis and make recommendations to improve the bank’s strategic goals.
• Assist management with procedural writing and implementation.
• Provide back up for other consumer loan associates during periods of high volume or short staffing.
• Serves on committees or leadership teams that will establish new products or assist in innovative ideas, as necessary.
• Comply with all company or regulatory policies, procedures and requirements that are applicable to this position.
• Foster and preserve a culture of inclusion.
• Additional duties and responsibilities may be required to support the company’s mission, vision and values.

Qualifications

• Bachelor’s degree in business or related field; or equivalent combination of education and experience required.
• Minimum 6 years’ experience in consumer lending or underwriting with demonstrated knowledge of consumer loan products, services, and loan documentation.
• Experience in construction or other TRID loans is desirable but not required.
• Experience with using Finastra product suite (Decision Pro, Laser Pro) is desirable, but not required.
• Capability to work and collaborate with a variety of individuals and groups in a constructive and professional manner.
• Demonstrated knowledge of bank’s loan policies and procedures and consumer banking regulations.
• Excellent organizational skills with the ability to organize and manage a variety of projects and tasks.
• Capability to manage sensitive information and uphold confidentiality.
• Capability to utilize various banking software and Microsoft 365 products, with a high level of accuracy and attention to detail.
• Strong verbal, written and interpersonal communication skills.

Working Conditions

• Duties are performed in a professional office environment.

Company Culture

At QCR Holdings, Inc. we are committed to fostering and preserving a culture of inclusion and strongly believe that it's our differences - of all kinds - that make our company and our communities better and stronger.

QCR Holdings, Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or other protected class status.

It is the policy of QCR Holdings, Inc. to comply with the Americans with Disabilities Act by providing reasonable accommodations to enable qualified individuals with disabilities to access the job application and interview process, to perform the essential functions of the job, and to receive equal access to other benefits and privileges of employment.