Consumer Loan Underwriter III
Kirtland Credit Union, Albuquerque, New Mexico, United States, 87101
Overview
Working at Kirtland CU is more than a job—it\'s a career in the financial world. We pride ourselves on helping our employees learn, grow, and advance in any direction they choose. We offer a highly competitive salary, great benefits package and an energetic, vibrant work environment. We are currently seeking a Consumer Loan Underwriter III to join Kirtland Credit Union. This position is on-site at our Albuquerque Home Loan Center; hybrid work may be considered in the future based on business needs and manager discretion. Benefits
Medical, Dental and Vision Insurance 401(k) Retirement savings program 401(k) employer match Paid time off with accrual starting from day one 11 Paid holidays off during the year Tuition Reimbursement for College Degrees Employee Clothing Advance Fitness Reimbursement Program Employer paid Life Insurance Employee Assistance Program Employer paid Short- and Long-Term Disability Insurance Travel Assistance Program Responsibilities
Responsible for reviewing and underwriting all consumer loans generated through direct, remote, and indirect consumer loan underwriting channels. Follow established procedures, policies and guidelines for underwriting, verifying, and quality control. Work closely with loan origination staff, members, and dealerships when required. Ensure lending operations comply with established policies, procedures and legal requirements, aiming for appropriate profit and minimum delinquency ratios. Ensure services are delivered professionally and efficiently; support and provide exceptional internal and external member service. Implement policies, procedures, and guidelines; assist the VP of Consumer Loans in developing short and long-term efficiencies for the Consumer Underwriting Department by providing suggestions and recommendations. Apply proper risk management, fair lending, and regulatory compliance to meet the KFCU credit policy for all credit decisions. Assist with periodic reviews of existing systems and procedures to ensure maximum efficiency and legal compliance. Execute established operational goals and ensure alignment with corporate objectives. Maintain awareness of KFCU policy by reviewing guideline updates, policy changes and product changes. Maintain relationship with loan sales staff to obtain information, present data or explain policy or procedures; serve as a resource on underwriting questions. Underwrite complex direct consumer loans and indirect auto loan requests. Analyze applicant credit data, financial status, or financial statements to determine risk level. Establish and maintain professional business relations with members, vendors, and trade professionals. Establish and maintain effective communication and coordination with Credit Union personnel and management. Other related duties as required or assigned. Education/Certification
Bachelor’s degree preferred Experience Required
Minimum 2 years of lending/underwriting experience within a financial institution or related field, or over 2 years of underwriting experience preferred Required knowledge, skills and abilities
Proficient knowledge of consumer lending policies, procedures, laws and regulations Proficient with retail installment contracts Proficient understanding of government regulations and legal requirements involving consumer lending and related functions Strong analytical skills with ability to calculate lending ratios, conduct loan risk analysis and identify credit issues, fraud and related lending risks Ability to offer viable and creative loan alternatives while staying within credit union risk tolerance Experience with finance computations, lending calculators and general consumer loan applications Comprehensive understanding of loan contracts including APR, amortization schedules, and simple interest calculations Knowledge of credit union lending policy and lending regulations including Reg B, Reg Z, Fair Lending, and ECOA (preferred) Ability to balance productivity and speed to meet service levels with quality underwriting Strong interpersonal skills (oral and written communication, active listening, positive attitude) Team player with ability to function in a collaborative environment Strong PC proficiency including Word, Excel, Outlook, with ability to learn new software as required To apply for this exciting opportunity, visit our careers page at www.kirtlandcu.org/careers Kirtland Credit Union is an equal opportunity employer. All aspects of employment, including hiring, promotion, discipline, or discharge decisions, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
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Working at Kirtland CU is more than a job—it\'s a career in the financial world. We pride ourselves on helping our employees learn, grow, and advance in any direction they choose. We offer a highly competitive salary, great benefits package and an energetic, vibrant work environment. We are currently seeking a Consumer Loan Underwriter III to join Kirtland Credit Union. This position is on-site at our Albuquerque Home Loan Center; hybrid work may be considered in the future based on business needs and manager discretion. Benefits
Medical, Dental and Vision Insurance 401(k) Retirement savings program 401(k) employer match Paid time off with accrual starting from day one 11 Paid holidays off during the year Tuition Reimbursement for College Degrees Employee Clothing Advance Fitness Reimbursement Program Employer paid Life Insurance Employee Assistance Program Employer paid Short- and Long-Term Disability Insurance Travel Assistance Program Responsibilities
Responsible for reviewing and underwriting all consumer loans generated through direct, remote, and indirect consumer loan underwriting channels. Follow established procedures, policies and guidelines for underwriting, verifying, and quality control. Work closely with loan origination staff, members, and dealerships when required. Ensure lending operations comply with established policies, procedures and legal requirements, aiming for appropriate profit and minimum delinquency ratios. Ensure services are delivered professionally and efficiently; support and provide exceptional internal and external member service. Implement policies, procedures, and guidelines; assist the VP of Consumer Loans in developing short and long-term efficiencies for the Consumer Underwriting Department by providing suggestions and recommendations. Apply proper risk management, fair lending, and regulatory compliance to meet the KFCU credit policy for all credit decisions. Assist with periodic reviews of existing systems and procedures to ensure maximum efficiency and legal compliance. Execute established operational goals and ensure alignment with corporate objectives. Maintain awareness of KFCU policy by reviewing guideline updates, policy changes and product changes. Maintain relationship with loan sales staff to obtain information, present data or explain policy or procedures; serve as a resource on underwriting questions. Underwrite complex direct consumer loans and indirect auto loan requests. Analyze applicant credit data, financial status, or financial statements to determine risk level. Establish and maintain professional business relations with members, vendors, and trade professionals. Establish and maintain effective communication and coordination with Credit Union personnel and management. Other related duties as required or assigned. Education/Certification
Bachelor’s degree preferred Experience Required
Minimum 2 years of lending/underwriting experience within a financial institution or related field, or over 2 years of underwriting experience preferred Required knowledge, skills and abilities
Proficient knowledge of consumer lending policies, procedures, laws and regulations Proficient with retail installment contracts Proficient understanding of government regulations and legal requirements involving consumer lending and related functions Strong analytical skills with ability to calculate lending ratios, conduct loan risk analysis and identify credit issues, fraud and related lending risks Ability to offer viable and creative loan alternatives while staying within credit union risk tolerance Experience with finance computations, lending calculators and general consumer loan applications Comprehensive understanding of loan contracts including APR, amortization schedules, and simple interest calculations Knowledge of credit union lending policy and lending regulations including Reg B, Reg Z, Fair Lending, and ECOA (preferred) Ability to balance productivity and speed to meet service levels with quality underwriting Strong interpersonal skills (oral and written communication, active listening, positive attitude) Team player with ability to function in a collaborative environment Strong PC proficiency including Word, Excel, Outlook, with ability to learn new software as required To apply for this exciting opportunity, visit our careers page at www.kirtlandcu.org/careers Kirtland Credit Union is an equal opportunity employer. All aspects of employment, including hiring, promotion, discipline, or discharge decisions, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
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