QCR Holdings
Consumer Loan Underwriter
QCR Holdings, Ankeny, Iowa, United States, 50015
TITLE:
Consumer Loan Underwriter
DEPARTMENT:
Credit Assistants
PAY GRADE & FLSA:
6, Non-Exempt
JOB
SUMMARY:
The Consumer Loan Underwriter is primarily responsible for underwriting consumer and in-house mortgage applications. Additionally, this position will assist with loan policy creation, manage risk exposure for home equity lines of credit, and maintain accurate competitive loan products and pricing. The Consumer Loan Underwriter will support and assist staff growth and loan quality goals by ensuring that loan policies and procedures are properly adhered to.
ESSENTIAL
FUNCTIONS:
•Underwrite consumer (auto, deposit secured, closed-end home equity, home equity line of credit, bridge, lot, and construction) as well as in-house mortgage loans (ARM and term) 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.
•Decision all loan requests within lending limit authority; recommending approval, decline or counteroffer. Responsible for the delegated review of credit, income, assets, collateral, and valuations.
•Maintain knowledge and understanding of regulatory and compliance issues affecting consumer loans and applies this knowledge in day-to-day situations.
•Tracks all exceptions to QCRH Loan Policy and monitors for fair lending.
•Perform monthly reviews on maturing loans by underwriting the file with current standards and making recommendations.
•Collaborate with, advise, and assist Loan Operations Manager in developing training for retail banking staff regarding loan documentation and underwriting requirements.
•Assist Loan Operations Manager with writing and implementing procedures.
•Provide back up for Loan Associate duties during periods of high volume or short staffing.
•Assist with maintenance of abstract records. Coordinates delivery of abstracts to customers and obtains confirmation of delivery for future reference.
•Prepare EOM reports for management and others as requested.
•Perform special projects as identified by the Loan Operations Manager.
•Assist Special Assets Manager with documentation, payments, and imaging for delinquent loans.
•Serve on committees or leadership teams that will establish new products or assist in innovative ideas, to ensure fair lending is included in decisions.
•Participate in community events in support of our brand and culture.
•Maintain education and professional expertise through attendance of job-related seminars, conferences, and workshops.
•Comply with all company or regulatory policies, procedures and requirements that are applicable to this position.
•Maintain knowledge of company policies and procedures as well as internal audit procedures, legal regulations, and requirements.
•Foster and preserve a culture of diversity, equity, and inclusion.
•Additional duties and responsibilities may be required to support the company's mission, vision and values.
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.A firm understanding of the FNMA selling guide, principles and concepts.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, Inc. 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, Inc. 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.
It is the policy of QCR Holdings, Inc. to comply with the Americans with Disabilities Act by providing reasonable accommodations to enable qualified individuals with disabilities to access the job application and interview process, to perform the essential functions of the job, and to receive equal access to other benefits and privileges of employment
Consumer Loan Underwriter
DEPARTMENT:
Credit Assistants
PAY GRADE & FLSA:
6, Non-Exempt
JOB
SUMMARY:
The Consumer Loan Underwriter is primarily responsible for underwriting consumer and in-house mortgage applications. Additionally, this position will assist with loan policy creation, manage risk exposure for home equity lines of credit, and maintain accurate competitive loan products and pricing. The Consumer Loan Underwriter will support and assist staff growth and loan quality goals by ensuring that loan policies and procedures are properly adhered to.
ESSENTIAL
FUNCTIONS:
•Underwrite consumer (auto, deposit secured, closed-end home equity, home equity line of credit, bridge, lot, and construction) as well as in-house mortgage loans (ARM and term) 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.
•Decision all loan requests within lending limit authority; recommending approval, decline or counteroffer. Responsible for the delegated review of credit, income, assets, collateral, and valuations.
•Maintain knowledge and understanding of regulatory and compliance issues affecting consumer loans and applies this knowledge in day-to-day situations.
•Tracks all exceptions to QCRH Loan Policy and monitors for fair lending.
•Perform monthly reviews on maturing loans by underwriting the file with current standards and making recommendations.
•Collaborate with, advise, and assist Loan Operations Manager in developing training for retail banking staff regarding loan documentation and underwriting requirements.
•Assist Loan Operations Manager with writing and implementing procedures.
•Provide back up for Loan Associate duties during periods of high volume or short staffing.
•Assist with maintenance of abstract records. Coordinates delivery of abstracts to customers and obtains confirmation of delivery for future reference.
•Prepare EOM reports for management and others as requested.
•Perform special projects as identified by the Loan Operations Manager.
•Assist Special Assets Manager with documentation, payments, and imaging for delinquent loans.
•Serve on committees or leadership teams that will establish new products or assist in innovative ideas, to ensure fair lending is included in decisions.
•Participate in community events in support of our brand and culture.
•Maintain education and professional expertise through attendance of job-related seminars, conferences, and workshops.
•Comply with all company or regulatory policies, procedures and requirements that are applicable to this position.
•Maintain knowledge of company policies and procedures as well as internal audit procedures, legal regulations, and requirements.
•Foster and preserve a culture of diversity, equity, and inclusion.
•Additional duties and responsibilities may be required to support the company's mission, vision and values.
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.A firm understanding of the FNMA selling guide, principles and concepts.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, Inc. 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, Inc. 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.
It is the policy of QCR Holdings, Inc. to comply with the Americans with Disabilities Act by providing reasonable accommodations to enable qualified individuals with disabilities to access the job application and interview process, to perform the essential functions of the job, and to receive equal access to other benefits and privileges of employment