Direct/Indirect Loan Underwriter

POSITION PURPOSE
Responsible for reviewing and underwriting direct & indirect loans. Identifies, analyzes, and evaluates loan risks and compensating factors. Ensures the marketability of closed loans and the safety of Kemba Credit Union's assets. Approves, counters, or denies loan applications. Ensures that loans are approved within the terms of Kemba Credit Union's standards and procedures and follows regulatory underwriting guidelines. Develops and maintains dealer realtions.

IMPORTANT NOTE
This is not a remote position.
This role requires in-person work at our Operations Center in West Chester, OH.

POSITION SCHEDULE
The weekly schedule will be based upon the following shifts:

• Sundays: Office closed.
• Mondays: 8:30am - 5:00pm.
• Tuesdays: 10:30am - 7:00pm.
• Wednesdays: 10:30am - 7:00pm
• Thursdays: 10:30am - 7:00pm.
• Fridays: 8:30am - 5:00pm.
• Saturdays: 9:00am - 5:30pm.

This position requires this employee to work most Saturdays throughout the month.
When a Saturday is worked, an off day will be provided on a Tuesday, Wednesday, or Thursday.
The weekly schedule subject to change at any time based upon business needs.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Evaluates applicant's employment history and ensures that the probability of continued employment is good.
• Assesses overtime, bonuses, and commissions used to qualify. Analyzes tax returns and balance sheets of self-employed applicants.
• Evaluates the adequacy of the applicant's income and the probability that the applicant will be able to meet expected financial obligations.
• Compares previous expenses with proposed expenses. Examines income trends and determines possibilities for increased income in future years.
• Assesses the potential borrowers' assets. Ensures that assts are derived from acceptable sources and that acceptable levels will remain after closing.
• Reviews borrowers' credit and investigates derogatory credit. Reviews the manner in which obligations have been met and financial affairs managed.
• Assumes responsibility for reviewing NADA and ensuring that determined values are well documented.
• Ensures that all lending conditions have been satisfactorily met prior to closing. Ensures the marketability of closed loans and the safety of Kemba Credit Union assets.
  
  

QUALIFICATIONS

EDUCATION/CERTIFICATION:
High school graduate or equivalent.
Additional related college coursework preferred.

REQUIRED KNOWLEDGE:
Knowledge of financial statements, credit reports, tax returns, and NADA.
Full understanding of Credit Union underwriting requirements.
Knowledge of Credit Union lending programs, policies, procedures, and standards.
Ability to use all related computer applications.

EXPERIENCE REQUIRED:
Three to five years of similar or related experience.

SKILLS/ABILITIES:
Strong analytical or math abilities.
Excellent communication skills.
Sound credit judgement.
Well-organzed and attentive to detail.
Able to operate related computer applications and other basic office machines.