Loan Workout Manager jobs in Youngstown, OH

SUMMARY:

A skilled and well-trained individual who can analyze risk and decision a loan with quick turnaround time. Evaluates risk presented by the entire loan application. Understands and implements the Credit Union’s lending guidelines by applying a detailed and commonsense approach to grow a safe and sound lending portfolio. The underwriter will follow policies, procedures, and applicable compliance laws and regulations for both consumer and mortgage lending. The underwriter will effectively communicate loan decisions and requirements to the loan processor.

RESPONSIBILITIES:

Consumer Loans:

· Review all direct and indirect consumer loan applications.

· Analyze risk factors, review credit, income, employment, collateral and supporting documentation to determine credit worthiness.

· Work with Loan Originators and make recommendations to maximize member loan potential.

· Make recommendations or alternative options to Loan Originator on ways to communicate and help members that are denied a loan, to possibly secure a loan in the future.

· Interact with Loan Processors to maintain an efficient loan application flow.

· Maintain positive relationships by interacting with auto dealerships to maximize auto loan potential while minimizing risk.

· Calculate debt-to-income ratios on loan applicants and calculate how much of a loan applicant’s debt is secured or unsecured.

Mortgages:

· Review and analyze the accuracy of submitted loan file documentation – including credit, income, employment, assets, subject property, LTV, ratios, loan terms, appraisals, title work, tax reports, hazard and flood insurance, and documentation required for properties vested to trusts.

· Review loan files against relevant guidelines to identify missing documentation and to generate a condition list for the loan processor.

· Review and clear all conditions prior to submitting to closing.

· Calculate debt-to-income ratios on loan applicants and calculate how much of a loan applicant’s debt is for house payment and their overall monthly debt-to-income.

Other:

· Other duties as required or assigned.

· Review and discuss loan delinquencies as needed to establish if occurrences could have been prevented and make aware for future lending decisions.

· Keep informed and up to date on new lending practices, loan policies and procedures.

· Basic understanding of Compliance and Regulatory requirements.

PERFORMANCE STANDARDS: Assist in attaining the lending goals and objectives of the Credit Union. Professional approach to assessing the credit needs of members. Professional appearance and attitude as well as the ability to communicate effectively with members and staff.

QUALIFICATION REQUIREMENTS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

KNOWLEDGE, SKILLS, ABILITIES:

· Knowledge of all Associated School Employees Credit Union products and services.

· Knowledge of the financial services industry.

· Knowledge of all Credit Union lending policies and procedures.

· Knowledge of federal and state laws and regulations concerning loan policies and procedures.

· Skill is effective oral and written communication.

· Ability to use PC and computer systems (Microsoft Windows, Microsoft Office products, XP2, Crystal Reports, Cyberquery, Nautilus).

· Ability to perform mathematical functions and computations.

· Ability to receive and maintain confidential information.

EDUCATION AND EXPERIENCE:

Bachelor’s degree or two years or more related experience and/or training; or equivalent combination of education and experience.

CERTIFICATES, LICENSES AND REGISTRATIONS:

· Mortgage Loan Originator – Registered NMLS

· SAFE Act Certification

PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

· While performing the duties of this job, the employee is regularly required to talk or hear.

· The employee frequently is required to sit; use hands to finger, handle, or feel objects, tools, or controls; and reach with hands and arms.

· The employee is occasionally required to stand; walk; and stoop, kneel, crouch, or crawl.

· The employee must occasionally lift and/or move up to 50 pounds.

· Specific vision abilities required by this job include close vision, colour vision, peripheral vision, and the ability to adjust focus.

WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

· While performing the duties of this job, the employee occasionally works near moving mechanical parts. Required to store supplies and inventory to a height of five feet.

· The noise level in the work environment is usually moderate.

MENTAL DEMANDS: The mental characteristics necessary to competently perform this job include:

· Occasionally assisting others in completing tasks.

· Frequent need to resolve problems, and

· Continuous need to be alert, precise, and exercise patience and reason in dealing with members and fellow employees.

The above statements are intended to describe the nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of staff members so classified.

Job Type: Full-time

Pay: $50,000.00 - $55,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Day shift
• Monday to Friday
• Weekends as needed

Ability to Relocate:

• Warren, OH 44481: Relocate before starting work (Required)

Work Location: In person