Civic Credit Union

CIVIC CULTURE Our organization believes we can all do well by doing good. We value the contributions of diverse minds and prioritize the success and well-being of our employees. We also believe every person in our organization plays a role in supporting a healthy environment and helping to achieve our goal of prosperity for all. To this end, we recruit bright, energetic, and talented people to be members of our team. In return, we offer a dynamic workplace that presents opportunities for professional advancement and individual growth. We strive to always display integrity, self-awareness, courage, and respect for one another while continuing to seek opportunities to learn. We really believe that when our employees succeed, our community wins. ABOUT THE POSITION The Consumer Lending Credit Officer III is responsible for the credit granting process and overseeing underwriting, decisioning, and portfolio management of the consumer segments. The Consumer Lending Credit Officer III partners with the AVP, Credit Administration to design products and set underwriting policies and guidelines for the line of business that is consistent, closely followed and without favoritism or discrimination. This role will lead and act as a mentor to junior Consumer Lending Credit Officers. NORMAL DAY-TO-DAY WORK Ensures that each approved application meets the Credit Union's lending standards. Approves loans within their pre-determined lending authority and makes recommendations to the lending manager on applications outside of their authority. Underwrites both real estate and non-real estate consumer loan applications while meeting and exceeding individual and team goals. Works with a third-party mortgage vendor; receives and reviews loan files for sufficient documentation to make an informed loan decision based on the product description and standard underwriting guidelines. Utilizes expertise in reviewing self-employed loan applicants for income analysis for all organization loan types. Evaluate all information for accuracy and correct as necessary based on the loan decision. Collaborate with third-party vendor on loan exceptions, complex and non-complex loans. Ensures due diligence is performed; verifying account information, credit worthiness and reviewing income/employment information, determining collateral value to ensure borrower's ability and willingness to repay. Requests and properly documents additional information as needed. Ensures proper adverse actions are used when declining applicants. Clears and documents if a policy, procedure, or guideline exception is made stating they type of exception and any compensating factors to support the decision. Provides a consultative underwriting experience with the member. Ensures proper review of credit, identifies credit restructuring opportunities, cross-sells opportunities or provides direction on improving the financial outlook of the member. Manages and monitors pipeline of deals in all underwriting stages by keeping member/staff informed of loan status throughout the process as necessary. Assists in monitoring the quality and performance of existing portfolios by product and risk grading level. Continuously reviews credit underwriting reports for negative trends. Conducts quality control reviews of declined loans, and internal and external audits. Works with Compliance, and third-party vendor to address any findings. Partners with the AVP, 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. Remains knowledgeable of State and Federal lending regulations, NCUA and credit union policies and procedures. Demonstrates a commitment to fair lending practices and ensures compliance with all applicable laws and regulations concerning consumer lending. Assists in testing credit underwriting system updates, audit preparations, and mentors and leads junior Consumer Lending Credit Officers. Takes ownership for actions, decisions, and results; openly accept feedback and demonstrate both the willingness and ability to improve. JOB QUALIFICATIONS Here are a few skills you MUST have to be qualified for this position. Minimum 7 to 9 years of experience in consumer and/or mortgage underwriting. Should have a good 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. Knowledgeable in analysis of personal tax returns, personal financial statements, and credit bureau reports. 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 including but not limited to: PC, copier, telephone, etc. Ability to lift a minimum of 25 lbs. (file boxes, computer). Travel required on occasion. Here are a few qualities we'd LIKE for you to have to make you more suited for this position. Bachelor's degree in Finance, Accounting, Economics, Business or related field. Experience in a centralized underwriting environment and the use of scorecards/risk-grading/risk-based pricing for credit decisioning. Prefer a minimum of 1 - 3 years of Credit Union consumer credit experience. Knowledge of loan structuring and work-out solutions. Experience in mortgage underwriting CONTACT US If you have questions about this position description, please feel welcome to ask. You can reach our HR Department at: Civic Human Resources 3600 Wake Forest Road, Raleigh, NC 27609 PI94d8b3ea2e36-2092