Consumer Credit Supervisor jobs in Arlington, VA
Consumer Credit Supervisor supervises underwriting operations and oversees the loan application review process to determine loan eligibility and terms. Coordinates the day-to-day activities of the underwriting team to ensure that loan screening is conducted timely, accurately, and in compliance with all regulations. Being a Consumer Credit Supervisor provides loan options or product recommendations based on qualifications and keeps the team updated and informed of new products, regulations, or product changes. Assists customers through the loan process by researching and answering complex or unique customer inquiries, clarifying details, and coordinating with internal parties. Additionally, Consumer Credit Supervisor requires a bachelor's degree. Typically reports to a manager. The Consumer Credit Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be a Consumer Credit Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. (Copyright 2024 Salary.com)
Recently Added Consumer Credit Supervisor jobs
- Tower Federal Credit Union
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Laurel, MD
FULL_TIME
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Note: All full-time positions include the option of $0 out-of-pocket premium cost for Employee Only PPO AND exceptionally low premiums for all other PPO coverage levels.
Tower is offering a $1000 Signing/Retaining bonus as of 1/20/2023.
HOURS FOR POSITION: Monday - Saturday 8 hours per day. Rotating evenings and Saturdays.
SUMMARY OF POSITION:
The Consumer Loan Underwriter will be responsible for performing a thorough initial and/or second underwriting review to ensure compliance Tower Federal Credit Union policies, procedures and underwriting guidelines. The Consumer Loan Underwriter will have the authority to approve/deny/counter-offer consumer loans along with some exception loan authority, along with the ability to recommend policy exceptions to Management according to the Consumer Lending Loan Approval Authority Matrix.
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PRINCIPAL ACCOUNTABILITIES AND FUNCTIONS:
Performs a thorough underwriting review of all consumer loans to ensure compliance with Tower FCU policies and guidelines, all State and Federal regulatory.
- Obtains necessary lending authority approval when terms of loan are outside of underwriter’s lending authority level.
- Participates in all required credit union compliance, product knowledge training and complies with government laws and regulations.
- Follows established security measures to guaranty the confidentiality of Tower’s membership.
- Complies with established service level agreements for member loan inquiries, explains loan underwriting decisions, and suggests alternatives products or services related to submitted loan requests for consideration.
- Verifies and analyzes documentation received to include but not limited to credit report, paystubs, W-2s, personal tax returns, business tax returns, bank statements, retirement statements, property appraisals, and any other documents necessary to determine adherence to Tower FCU policies and
- Effectively communicates and works in a team environment with other Consumer Loan Underwriters, Consumer Loan Processors, Consumer Loan Funders or other Tower team members.
- Participates in the ‘buddy system’ within the Consumer Loan Underwriting teams.
- Supports all consumer loan origination channels within the Consumer Lending Operations department.
- Meets all training and proficiency requirements as outlined in the Consumer Lending Loan Approval Authority Matrix for Trainee up to Level II authority.
- Demonstrates the ability to follow Tower procedures, polices, and guidelines when exercising up to Level II loan approval and exception authority according to the Consumer Lending Loan Approval Authority Matrix.
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REQUIRED QUALIFICATIONS:
- 2 year degree in business or a related field
- One to 2 years of progressively responsible credit union or lending experience. Education & experience requirements vary based on levels.
- Or, equivalent combination of education and work experience.
COMPETENCIES:
- Successfully demonstrated analytical decision making ability with attention to detail.
- Ability to learn and work in a fast paced environment.
- Ability to multi-task and prioritize work as required.
- Ability to effectively work with mathematical concepts with a high degree of accuracy.
- Ability to work and communicate effectively with Tower FCU members and other members of the Consumer Lending team.
- Ability to work independently and to identify/solve problems and to seek guidance when necessary and to resolve them in an expeditious manner.
- PC Proficient to include: Word, Excel, Outlook, internet, e-mail and loan origination software
- Ability to adapt to changes within internal, market or regulatory environments.
- Ability to exercise prudent judgment in decision-making and protection of member confidential information.
- Ability to arrive at work routinely and promptly.
- Ability to work within stringent time constraints and in a high pressure environment.
- Ability to receive constructive feedback from co-workers and management.
- Ability to work in a team environment and demonstrate the ability to help others.
- Ability to write operational reports, business correspondence and complete required loan origination forms.
- Ability to identify emerging problems in the loan origination process and resolve them in an expeditious manner.
- Ability to resolve problems and operational problems through effective interpersonal skills.
- Ability to effectively represent the credit union to members and third-party strategic partners.
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WORKING CONDITIONS:
- Ability to sit, stand and walk for extended periods and demonstrate sufficient dexterity and vision to operate a variety of office equipment.
- Ability to lift up to 15 lbs. with or without assistance.
- Ability to work the hours needed which may extend beyond the defined work schedule when operating conditions dictate
- TFO clearance
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- 11 Days Ago
- Navy Federal Credit Union
-
Vienna, VA
OTHER
- Overview Processes loan applications by verifying and evaluating information provided on consumer loan applications; researching and gathering supporting data and documentation; and providing administ...
- 23 Days Ago
- Housekeeping Supervisor
-
Washington, DC
FULL_TIME
- Competitive Benefits:Free Parking (if available)Medical, Dental, Vision Benefits Competitive Pay Rates 401k Plan and after 1 year up to 3% Match Paid Time Off (Vacation, Holidays, Sick and more)Compli...
- 3 Days Ago
- PenFed Credit Union
-
Mc Lean, VA
FULL_TIME
- OverviewAre you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing w...
- Just Posted
- 500 WP Company LLC
-
Washington, DC
FULL_TIME
- Job Description Responsibilities include: Supervise Credit, Collections and Receivables teams for the purpose of ensuring work assignments are complete and within department objectives. Partner with i...
- 1 Month Ago
- BANK-FUND STAFF FED CREDIT
-
Washington, DC
FULL_TIME
- DescriptionAbout BFCU:BankFund Credit Union (BFCU) is a full-service financial cooperative that was organized and chartered in 1947 as a convenient place for employees of the World Bank Group and Inte...
- 6 Days Ago
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About Arlington, Virginia
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