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Underwriter
Chemical Financial Corporation
Midland, MI, United States
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JOB SUMMARY
A Consumer Underwriter is responsible for the day to day underwriting support of all Consumer loan products offered by the bank. They analyze, evaluate, approve, and/ or recommend approval of consumer loan applications originated by Chemical Bank, in accordance with the bank’s consumer lending policy. Position works closely with the underwriting and other department staff and requires a hands on and strategic approach to support both direct and indirect consumer loan applications.
REQUIRED KNOWLEDGE AND SKILLS
• High school diploma or equivalent required
• Associate's degree Preferred
• 3 - 5 Years Experience in Function
• 3 - 5 Years Experience in Industry
• NMLS registration required
• Strong understanding of standard loan documentation and guidelines including, but not limited to: property appraisals, property title searches, income verification, trusts, purchase contracts, etc.
• Working knowledge of banking regulatory and agency regulations/ rules
• Customer service focused with the ability to work well independently in a fast-paced team–oriented environment, while staying organized and maintaining attention to detail
• Proficient with Microsoft Office, experience with Decision Pro a plus
• Strong written and verbal communication skills
• Strong analytical and credit skills
ESSENTIAL DUTIES AND RESPONSIBILITIES
Operations
• Verify information on loan applications for accuracy against supporting documentation in file.
• Analyze documentation (credit reports, personal financial statements, personal/business tax returns, etc.) to determine borrower creditworthiness.
• Monitors credit policies, rates, and application volume, interacts with internal and external Bank staff as well as dealers and applicants.
• Consider alternatives or restructuring of loans not meeting the consumer lending policy as presented.
• Understand consumer lending product profiles and associated pricing/ criteria in relation to credit decisions.
• Reviews and analyzes monthly and year to date loan reports.
• Underwrites and processes Consumer loan applications, by applying the bank’s loan and credit policies.
• Review and clear loan conditions on approved loan applications.
Customer Service
• Interacts and builds relationships with indirect dealers.
• Consult and advise banking center associates in relation to consumer loans.