Consumer Loan Underwriter at Mutual 1st Federal Credit Union – Omaha, Nebraska

In business since 1949, Mutual 1st Federal Credit Union is a not-for-profit, member-owned credit union. That means we’re focused on our members. We pass along savings by paying higher dividend rates on checking and savings accounts, charging lower fees (or no fees) and provide lower interest rates for loans than banks.

We're local, friendly and genuinely care about the community. Our unique culture and service philosophy is based on our core values: Respect, Integrity, Passion, Service, Community, and Learning. Our goal is simple: To improve the financial well-being of our members.

We are currently looking to fill a Consumer Loan Underwriter position that is collaborative, logical, and a critical thinker. We offer a comprehensive benefits package, competitive pay, and a dress for your day atmosphere.

Sound like your kind of place? See below for details about the position.

Role:

The primary focus of the position is to review, analyze, and ensure credit quality of our lending portfolio including responsibilities aligned with underwriting our current member’s credit request and growth of our indirect portfolio.

Functions & Responsibilities:

The primary purpose of the Consumer Loan Underwriter is to analyze loan applicant's credit eligibility and make determinations to approve or deny a loan.

Participate in loan underwriting operations by approving or rejecting consumer loan applications within limit of authority and consistent with MFFCU policy, procedure and federal regulations. Consumer loans include direct and indirect auto loans, credit cards, personal loans, and home equity loans. Responsible for the appropriateness of credit analysis, due diligence, risk tolerance, loan structuring, pricing, profitability, and policy conformance. Communicates decisions clearly to sales staff within established department timelines. Meet established underwriting turnaround timeframes. Qualifies and recommends additional products.

Prepares verification documentation for loan file, including acceptance or denial, and returns file to processing department.

Represents the credit union on dealer calls, business gatherings, and social events with the objective of developing partnerships, and membership development in the community.

Education and Experience

• Bachelor's degree (B. A.) from four-year college or university and some related experience and/or training; or equivalent combination of education and experience.
• Minimum of 1 – 3 years of progressing banking experience (Sales/Lending in a Financial Institution, Mortgage Company, or Dealership); required.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The strongest candidates for this position will also possess:

• Negotiation and interpersonal skills
• Attention to detail
• Proficient math skills
• Analytical and risk assessment skills