Consumer Lending Credit Officer

1 week ago

Raleigh, North Carolina, United States Local Government Federal Credit Union Full time
About the Position

The Consumer Lending Credit Officer is a key member of our team, responsible for overseeing the credit granting process, underwriting, decisioning, and portfolio management of consumer segments. This role requires a strong understanding of credit risk analysis, loan underwriting, and portfolio management.

Key Responsibilities
  • Ensure that each approved application meets the Credit Union's lending standards, approving loans within predetermined lending authority and making recommendations to lending managers on applications outside of their authority.
  • Underwrite both real estate and non-real estate consumer loan applications, with a focus on meeting and exceeding individual and team goals while maintaining the highest integrity in the decision-making process.
  • Perform due diligence, verifying account information, credit worthiness, and reviewing income/employment information, determining collateral value to ensure borrower's ability and willingness to repay.
  • Provide a consultative underwriting experience with members, ensuring the review of credit identifying/restructuring opportunities for members, and identifying cross-selling opportunities or providing direction on improving the financial outlook of the member in the future.
  • Keep members/staff informed of loan status throughout the process as necessary.
  • Assist in monitoring the quality and performance of the existing portfolio by product and risk-grading level, continuously reviewing credit underwriting reporting for negative trends.
  • Provide quality control of declined loans through second-level review.
  • Partner with the AVP of Credit Administration to set appropriate product and underwriting guidelines, as well as recommend changes in the consumer credit policies to Sr. Management based on portfolio performance reviews and market and economic changes.
  • Remain knowledgeable of State and Federal lending regulations, NCUA, and credit union policies and procedures, demonstrating a commitment to fair lending practices and ensuring compliance with all applicable laws and regulations concerning consumer lending.
  • Assist in testing credit underwriting system updates, auditing preparations, and mentoring junior lending associates.
  • Take ownership for actions, decisions, and results, openly accepting feedback and demonstrating both the willingness and ability to improve.
Requirements
  • Minimum 4-6 years of experience in consumer and mortgage underwriting.
  • Understanding of accounting principles, business financial statements, and tax returns.
  • Demonstrated knowledge in analysis of personal tax returns, personal financial statements, and credit bureau reports.
  • Experience in a centralized underwriting environment and the use of scorecards/risk-grading/risk-based pricing for credit decisioning.
  • General understanding of Consumer Loan Origination Systems.
  • Experience with credit procedures, policies, and regulations, knowledge of bankruptcy and consumer laws.
  • Ability to function in a Consumer business office environment and utilize standard office equipment.
  • Ability to lift a minimum of 25 lbs.
  • Travel required on occasion.

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