Consumer Loan Underwriter | Massachusetts Institute of Technology (MIT) - Military Veterans
at HERC - New England
Job Description CONSUMER LOAN UNDERWRITER , MIT Federal Credit Union (MITFCU) , to review and approve consumer loan applications within the limits and guidelines set by the board of directors, ALCO committee. and NCUA rules and regulations. Responsibilities include approving consumer loans; imparting knowledge to member service representatives on lending products, loan origination. and processing requirements; maintaining thorough understanding of the requirements and features of all loan programs offered by MITFCU; responding to questions from members, assisting them in understanding and utilizing MITFCU products and services; regularly updating lending procedures related to loan approval process; following up on approved loan applications in lending queue from origination through booking; assisting in setting up loan closings and collecting financial documentation from members who apply through various lending channels; maintaining working knowledge of compliance laws and regulations, including Equal Credit opportunity Act (ECOA), Truth in Lending Compliance (Regulation Z), and Fair Credit Reporting Act (FCRA); backing up and assisting the consumer loan specialist in high volume times and in the absence of personnel; and performing a variety of other duties. Job Requirements REQUIRED : high school diploma or its equivalent; at least two years of experience in the banking or credit union industry; excellent member and internal service, problem-solving, organizational, listening, and verbal and written communication skills; initiative; attention to detail; and ability to form long-term business relationships, work independently and/or collectively with all credit union departments, multitask in a fast-paced environment, and work on a variety of loan databases and complete transactions electronically on loan applications. PREFERRED : associate's degree; lending experience; and proficiency with MS Office (Word, Excel, and Outlook) and Fiserv DNA. Job #24357-5 This position is located in Lexington, MA. 8/23/24
Cambridge, MA
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