Overview
You’re a person who thrives in a collaborative environment where the goal of delivering superior service is at the heart of everything we do. Complexity and creating solutions drive you to do your best work. You enjoy researching, examining data and using sound reasoning to draw conclusions. As an OnPoint Collateral Underwriter, you will be responsible for evaluating the acceptability of proposed collateral, ensuring the credit union’s security interest is perfected. You will be a part of Oregon’s largest credit union, with 31 locations and over 360,000 members. We provide competitive pay; 100% paid premiums for employee medical, dental and vision; a generous vacation package; 401k matching; tuition reimbursement and more! OnPoint is growing, and we are looking for someone like you to join us.
Responsible for underwriting residential Real Estate Home Equity products in an efficient, effective and professional manner. Evaluates acceptability of proposed collateral and ensures OnPoint’s security interest is perfected.
Provides critical support to internal partners. Works with representatives from all delivery channels to meet the needs of the membership and promotes the financial well-being of the membership while ensuring the safety and soundness of OnPoint.
Responsibilities
- Orders, reviews and analyzes documents and reports for accuracy and to secure collateral for Home Equity product.
- Evaluates the acceptability of collateral for home equity products; conforming with NCUA regulations and Credit Union guidelines.
- Prepares collateral documents for closing/funding Home Equity products. Prepares closing documents with accuracy.
- Reviews and audits collateral documents ensuring proper execution and OnPoint’s security interest is properly recorded.
- Maintains knowledge of OnPoint’s Home Equity products. Serves as an expert resource for lenders within the Credit Union.
- Conducts outreach to members in order to discuss and assist with resolving lien encumbrances and issues which may impede properly secured proposed collateral.
- Processes loan subordinations within established authority and guidelines.
- Assesses the importance, urgency and risk associated with each situation to make decisions and develop viable solutions in support of meeting the member’s needs and the Credit Union’s objectives. Assesses alternatives in collateral related decisions.
- Ability to recognize opportunities for area of work or need for changes. Ability to adapt to changes.
Knowledge, Skills and Competencies
- Maintains working knowledge of: Loan Operating System, Title Reports (vesting, legal descriptions, liens/judgements), Flood Reports, Collateral Valuation Sources, Subordinations, Trusts and Escrow Services.
- Maintain thorough understanding of the requirements and features of the Home Equity products offered by OnPoint.
- Maintains thorough knowledge of OnPoint’s guidelines, processes and knowledge of state and federal rules and regulations in area of responsibility.
- Exceptional research skills, ability to examining data to understand issues, draw conclusions and solve problems. Ability to distinguish information that is pertinent and not pertinent to situations; correlate information from varied sources.
- Ability to conduct a thorough review and evaluate the risk of the valuation and condition of proposed collateral.
- Ability to conduct a thorough review of Residential Real Estate Title documents, such as: Title Reports, Lien and Encumbrances Reports.
- Ability to effectively collaborate. Effective and comfortable engaging others and building rapport. Skilled at diplomatically and constructively responding to challenging situations.
- Ability to use language effectively to gather information and facilitate the exchange of thoughts and ideas. Expresses self clearly and logically. Presents self genuinely and with assurance.
- Capacity to comprehend, retain and apply new skills and sizable volumes of information.
- Ability to add, subtract, multiply, divide, and compute rate and percentages. Skilled at using ten-key and data entry. Knowledge of basic computer skills and ability to learn and use software tools.
- Exceptional time management skills with strong ability to coordinate and prioritize workload in high volume area. Ability to work independently.
Qualifications
- 4 year College degree preferred.
- 2 years lending related or collateral underwriting experience with one year Home Equity lending preferred.
- Experience working with Title Reports and Appraisals preferred.
- Available to periodically work in the early evening hours and/or Saturdays.
- Proficient in working with XP and LPQ operating systems preferred.
At OnPoint, we believe a workplace that reflects the richness of the world fosters a welcoming and empowering environment for everyone. We're committed to equity and inclusion, and consider all qualified applicants embracing every race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and your unique background.
We encourage you to apply if you're passionate about this opportunity and have the core qualifications. Your unique experiences and skills are what make you a strong candidate. Don’t let imposter syndrome hold you back! Our recruitment process is designed to be inclusive and accessible to all. If you need any accommodations during the application or interview stage, please let us know. We're dedicated to providing what's necessary to ensure a fair and inclusive experience.