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Full-time Consumer Loan Underwriter

at Mauch Chunk Trust Company in Pennsylvania

Responsible for approval or denial of customer mortgage and consumer loans based on relevant information provided by customers and cross-sells other Bank products.

Essential Job Functions:

1. Balance the need for loan-volume growth with the equally important necessity of optimum underwriting quality to minimize risk while maximizing profitability. Review, examine and underwrite loans to ensure soundness, business value and compliance with bank standards.

2. Review, evaluate and synthesize data to ascertain loan viability and identify risk issues and potential fraud.

3. Evaluated the financial strength of borrowers to determine risk and repayment capacity. Evaluated debt ratio, loan-to-value ratios, credit score, property valuation and various other factors.

4. Conduct cash flow analysis and review of small business customers.

5. Review of alternative consumer real estate appraisals.

6. Leverage knowledge of loan products to help restructure turned-down loans for subsequent approvals. Assisted in identifying, recommending and negotiating alternative loan requirements, funding loan-structuring solutions.

7. Make adverse action calls as required by loan specifications.

8. Determine and document loan conditions and communicate requirements and/or decisions including contacting customers to advise when a loan is denied.

9. Maintains a thorough knowledge of the features and benefits of the Bank’s other products and services in order to answer customer’s inquiries and cross sell appropriate products.

10. Maintains a detailed knowledge of current lending regulations and ensures that Bank practices are compliant.

11. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.

12. Complies with all corporate policies, procedures and federal regulations including BSA/AML and OFAC.

13. Serve as a project leader on special assignments.

Required Education, Training, and Experience:

· Bachelor’s degree in finance or accounting (or equivalent experience)

· 3 - 5 years’ experience in lending

· Strong understanding of the consumer lending market highly preferred

· Extensive knowledge of Banking products and services

· Basic knowledge of accounting, tax returns, and personal finance
Reference : Consumer Loan Underwriter jobs

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Published at 01-10-2020
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