Consumer Loan Underwriter at West Suburban Bank in Aurora, Illinois

Job Description:

Consumer Loan Underwriter

US-IL-Aurora

Job ID: 2021-4173
Type: Regular Full-Time
# of Openings: 1
Category: Lending - Consumer
Consumer Lending

Responsibilities

Summary: Originates and underwrites consumer loan requests and contributes to the achievement of consumer lending growth, profitability, and asset quality objectives. Maintains strong knowledge of all procedures and applicable regulations to support compliance and quality control objectives.

Essential Functions of the Consumer Loan Underwriter:

Reasonable accommodations may be made to enable individuals with disabilities to perform the following essential functions.

• Analyzes new loan requests in the context of FNMA guidelines, Appendix Q, and internal underwriting guidelines, as applicable. Maintains current knowledge of all applicable underwriting guidelines, internal procedures, and regulations.
• Communicates with Personal Bankers and customers as necessary to achieve a mutually agreeable transaction, and underwrites the loan using sound underwriting judgment and independent decision-making. Structures and documents exceptions to published loan policy and presents to management for approval.
• Converses with Personal Bankers and customers as necessary to resolve questions regarding application. Actively counter offers and cross-sells loan products wherever possible. Communicates denials or counter-offers to Personal Bankers and customers as necessary.
• Responsible for compliance of assigned applications to applicable lending regulations and internal processing procedures. Maintains current knowledge of regulations and procedures.

Qualifications

Required Education and Experience for Consumer Loan Underwriter:

• Excellent computer skills. Proficiency in Microsoft Office Suite;
• Strong verbal and written communication skills; Strong attention to detail;
• Excellent analytical and critical thinking skills. Ability to recognize potential red flags, inconsistencies within files documentation and other problem areas and initiate proper mitigation action;
• Excellent time management skills and the ability to set and shift priorities as needed, to work under time and deadline pressure, and to effectively manage a large workload;
• Extensive knowledge of applicable underwriting guidelines, including FNMA guidelines, Appendix Q, and internal underwriting guidelines as applicable. Extensive knowledge of loan requirements for all types of home equity, consumer installment, and consumer open-end credit;
• Extensive current knowledge of applicable lending regulations, including real estate secured, consumer open end credit, and consumer closed end credit;
• Subject to SAFE Act Registration Requirements.
• Minimum 5 years' experience with consumer loan underwriting and/or credit processing.

Preferred Education and Experience:

• Bachelor's degree in Business or equivalent work experience.
• Experience with DecisionPro and LaserPro a plus.

Equal Opportunity Employer/Veterans/Disabled

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

JT17