This position shall be responsible for consumerloan underwriting in accordance withinternal guidelines and market standards to provide maximum profitability to the bank with minimum risk
Qualifications: This person should have a bachelor’s degree plus three years of related experience in all aspects of consumer loan underwritingThis person must have the ability to exercise independent and sound underwriting judgment and effectively apply knowledge of regulatory and industry guidelines to loan decisions. Familiarity with Decision-pro or other similar software preferredGood verbal and written communication skills and analytical thinking are necessary.
Principal Responsibilities:
Review loan requests for credit quality, collateral eligibility, properly executed documentation, and compliance with HMDA, Fair Lending, and applicable lending regulations Approve, suspend, or deny loan requests based on established industry standards. Communicate credit decisions to the consumer loan officer and processor and clarify any necessary requirements to resolve outstanding underwriting issues.
Follow Loan Policy and Guidelines to underwrite consumer loans for quality, consistency, and potential risk.
Assist in training for the consumer loan operations staff and the consumer loan processing function according to established procedures, including preparation and monitoring of all consumer loan documentation from origination to closing Training would also encompass identification of complete and accurate documentation for all types of consumer loans, and submission of loan requests for underwriting.
Manage volumes and workflow while assistingCentralized Loan Processing where needed to ensure that closings are prepared and delivered timely and accurately.
Attend loan/compliance department meetings as requested by management to participate in decisions that affect ongoing and future operations of each department.
Advise and assist management by continuouslymaintaining and updating the bank’s Loan Policy and Guidelines according to established procedures.
Provide support to consumer lending staff with origination, underwriting preparation, and applicable closings
Act in accordance with FBT policies and procedures as set forth in the employee handbook
Adhere to compliance procedures and participate in required compliance training.
Compensation Grade
Salary Grade 5
First Bank & Trust is an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email hr@bankeasy.com
First Bank & Trust is one of South Dakota's largest family- and employee-owned banks, with 22 locations in 17 towns in South Dakota and Minnesota.
For more than a century, financial institutions led by generations of the Fishback family have proven that banking professionals can be conservative risk managers and entrepreneurs at the same time. The same entrepreneurial spirit that led Horace Fishback Sr. to open his first check-cashing station in Brookings, SD in 1880 drives us toward our vision: To grow a diversified independent financial corporation that excels in delivering community banking services and providing niche products nationwide.
We are proud to be a family- and employee-owned community bank. Our 700+ employees take pride in our Be the 1 Service Culture principles - and it shows! We offer all of the strength and capabilities you might expect from a big-bank, but still have the flexibility and responsiveness of an independent local bank.
Let us show you how we make banking EASY.
{Member FDIC; Equal Housing Lender}
