Loan Underwriter

4 weeks ago


Lexington, Kentucky, United States Massachusetts Institute of Technology Full time
Job Summary

We are seeking a highly skilled Loan Underwriter to join our team at the Massachusetts Institute of Technology. As a key member of our lending team, you will be responsible for reviewing and approving consumer loan applications, ensuring compliance with regulatory requirements and credit union policies.

Key Responsibilities
  • Review and approve consumer loan applications, ensuring compliance with NCUA rules and regulations
  • Provide expert knowledge to member service representatives on lending products, loan origination, and processing requirements
  • Maintain a thorough understanding of loan programs offered by the credit union, including features and requirements
  • Respond to member inquiries, assisting them in understanding and utilizing credit union products and services
  • Regularly update lending procedures related to the loan approval process
  • Follow up on approved loan applications, ensuring timely completion and booking
  • Assist in setting up loan closings and collecting financial documentation from members
  • Maintain a working knowledge of compliance laws and regulations, including ECOA, Regulation Z, and FCRA
  • Support the consumer loan specialist during high-volume periods and in their absence
Requirements
  • High school diploma or equivalent
  • At least two years of experience in the banking or credit union industry
  • Excellent member and internal service, problem-solving, organizational, listening, and verbal and written communication skills
  • Initiative, attention to detail, and ability to form long-term business relationships
  • Ability to work independently and/or collectively with all credit union departments, multitask in a fast-paced environment, and work on loan databases
Preferred Qualifications
  • Associate's degree
  • Lending experience
  • Proficiency with MS Office (Word, Excel, and Outlook) and Fiserv DNA

This is an exciting opportunity to join a dynamic team and contribute to the success of the Massachusetts Institute of Technology. If you are a motivated and detail-oriented individual with a passion for lending, we encourage you to apply.



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