Loan Underwriting Officer

Description

Discover the Westmark Difference!!

Are you looking for a career?  Do you want to be valued as an individual on a team?  Do you want to learn, grow, and make a difference in your community? Westmark offers outstanding stability, a variety of career opportunities and exceptional work/life balance. 

· 60 % of our employees have been part of the Westmark family for 5+ years. 

· 71% of our employees who have been part of the Westmark family for one year or more have received at least one promotion.

· 85% of our managers were promoted from within the company.

· Westmark has been in business since 1954 and has recently grown to over $1.2 billion in assets, 15 branches, and over 70,000 members!

We also have some of the most impressive benefits in the industry:

· Paid Time Off (3 to 5 weeks per year, depending on tenure) PLUS 11 paid holidays.

· Excellent health insurance options for employees and family with shared premiums

· 401k with 75% company match and 2% profit sharing contribution

· Tuition Reimbursement and Scholarships

· Employee Assistance Program (Free counseling and legal services)

Position Summary: Under general direction is responsible for processing and approving online membership and consumer loan application requests. Additionally, responsible for the efficient, effective, and accurate underwriting of branch C- and D-grade loan requests and performing income tax analysis and accurate document preparation for branch HELOC, second mortgage, and short-term first mortgage requests. 

Hours:  Monday - Friday 8:00 am - 5:00 pm with rotating Saturdays from 9:00 am - 1 pm (current rotation is one per month) 

Essential Functions and Basic Duties:

• Primarily responsible for monitoring and processing online originated loan applications and preparing monthly reports for all personal activity and results to the VP of Consumer Lending.
• Assist the VP of Consumer Lending in the development and delivery of direct mail marketing for Westmark Branch and Full Service Lending Center offers including pre-approved loans, credit cards, and deposit products.  
• Utilize the Full Service product offers to provide additional products and service to our members.
• Achieve quarterly, semi-annual, and annual goals as assigned by the VP of Consumer Lending.
• Embrace the Full Service Culture and make efforts to succeed. 
• Underwrite branch C- and D-grade loan requests in a timely and accurate manner. 
• Underwrite and process direct Take Two loans. 
• Efficiently and accurately prepare loan documents for Home Equity, Second Mortgage, and Short-Term First Mortgage loans for branch lenders to ensure compliance with necessary regulations. 
• Perform tax analysis for self-employed borrowers as necessary.
• Will complete loan reviews as directed by the VP of Consumer Lending.
• Perform any and all other duties as assigned by the VP of Consumer Lending.

Performance Measurements:

• Demonstrates exceptional analytical skills and accuracy.
• Promotes teamwork, cooperation, and open communication among employees
• Is able to interact with members and co-workers professionally and with integrity.
• Shows a positive and enthusiastic attitude.
• Maintains a reliable attendance record and takes responsibility for their own actions.
• Represents Westmark, both during and after work hours, in a courteous, professional manner.

Requirements

Required Knowledge and Abilities:

• Effective oral and written communication, analysis and problem-solving skills.
• Thorough knowledge of all Westmark loan products.
• Ability to perform mathematical calculations commensurate with lending functions.
• Thorough understanding of Westmark’s lending policies and procedures, credit underwriting standards, and credit grading.
• Advanced Excel skills, including data sorting, data filtering, and formulas.
• Excellent organizational skills, with attention to detail and accuracy.
• Is goal and performance driven to succeed and obtain objectives assigned by management.

Minimum Qualifications:

• Six months or more experience in lending at Westmark; OR other loan officer/lending training with one or more years of experience at another financial institution; OR a combination of relevant credit union and lending background or experience.
• Bachelor’s Degree in a financially related field with emphasis in business, finance, or accounting; or high school diploma and a minimum of one year of relevant banking or credit union experience; or a combination of formal education, training, and applicable experie