Consumer Loan Underwriter

4 days ago

Ankeny, Iowa, United States QCR Holdings Full time
Job Summary:

The Consumer Loan Underwriter is a critical role within our organization, responsible for underwriting consumer and in-house mortgage applications. This position requires a strong understanding of loan policies and procedures, as well as the ability to manage risk exposure for home equity lines of credit and maintain accurate competitive loan products and pricing.

Key Responsibilities:

  • Underwrite consumer and in-house mortgage loans, including preparing and preliminary approval of subordination agreements and change in terms requests.
  • Meet turn-time requirements in accordance with departmental SLA through pipeline management.
Collaborate with various departments, including origination, processing, closing, and servicing, to complete the loan life cycle.

Qualifications:

  • Associate or bachelor's degree in business, finance, or an equivalent of education and experience.
  • Minimum of 5 years' work experience as a Senior Loan Processor/Junior Underwriter, Underwriter, or a combination of equivalent education and experience.
  • Experience with both manual and automated UW methods in a consumer and real estate-lending environment is desired.
Strong understanding of Dodd-Frank ATR/QM, FHA, ECOA, HMDA, state and federal regulatory banking/lending compliance requirements. Familiarity with DO/DU AUS systems, recommendations, and findings. Proficiency in Encompass and DecisionPro (CSM) LOS systems. Capability to utilize various banking software and Microsoft 365 products, with a high level of accuracy and attention to detail. The ability to apply internal policy and guideline overlays to decisioning authority. Possess advanced knowledge of income reconciliation guidelines and methods with emphasis on cash flow analysis and variable sources of income. Strong interpersonal, verbal, written, and presentation skills. Capability to work and collaborate with a variety of individuals and groups in a constructive and professional manner. Strong organizational and time management skills with capability to meet deadlines. Strong analytical and problem-solving capabilities. Capability to manage sensitive information and uphold confidentiality. Self-motivated and self-directed.

Working Conditions:

  • Duties are performed in a professional office environment.
  • Overtime may be required to ensure client service standards are met.
  • Occasional travel to other bank locations, client location, or workshop location.
  • Ability to lift up to 50 lbs.
At QCR Holdings, we are committed to fostering and preserving a culture of diversity, equity, and inclusion and strongly believe that it's our differences - of all kinds - that make our company and our communities better and stronger. QCR Holdings is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or other protected class status.

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