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Temporary Consumer Loan Analyst-Underwriter

Lafayette Federal Credit Union Rockville ,MD
  • Expired: over a month ago. Applications are no longer accepted.
Job Description

We are currently seeking a Consumer Loan Analyst/Underwriter (CLA/UW) to join our winning team. Summarily, this position will, under general supervision but following established policies and procedures, be responsible for providing administrative support to the underwriting, processing, closing, post-closing and servicing activities of the Consumer Lending Department.

Specifically, the CLA/UW will:

  • Underwrites and decision consumer loans up to the amount assigned per credit union policies. This includes reviewing and analyzing tax returns, paystubs, interest rate calculations, borrower's credit character, ability and willingness to repay use of existing credit account as well as making recommendations to the VP of Consumer Lending as they pertain to rate structure, loan terms, policies and procedures as needed.
  • Process loans for underwriting consumer files. Verify that all required documentation has been received; follow-up and request missing information; analyzes the information gathered based on credit union policy; reconcile the income, appraisal value, credit history and determine the terms and conditions of the loan.
  • Perform processing functions to include calculating debt to income ratios, loan to value ratios, document preparation, loan disbursement and reconciliation.
  • Perform servicing duties as needed such as scanning, title and UCC tracking and recording, insurance verifications and payoff requests.
  • Assist the VP of Consumer Lending in analyzing the Consumer Loan Department's direct and indirect lending activities by compiling statistical information from various consumer lending systems. Assists in creating and/or updating periodic departmental reports.
  • Demonstrate thorough knowledge of consumer loan products, policies and procedures.
  • Be responsible for understanding and complying in an accurate and timely basis with all Bank Secrecy Act/Anti-Money Laundering/OFAC requirements that pertain to your position at LFCU and as directed by management and/or the SVP of Risk Management.
  • Performs other support and/or administrative duties as assigned by the VP of Consumer Lending.



Qualified candidates will have the following:

  • A positive credit standing


  • A high school diploma or GED


  • Three to five years of similar or related experience
  • Completion of a specialized course of study at a business or trade school or
  • Completion of a specialized and extensive in-house training or apprenticeship program.

Interpersonal Skills:

  • Excellent customer service skills.
  • Excellent communication skills, both verbal and written.
  • A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves personal contact with others and is usually of a personal or sensitive nature. Work may involve motivating, influencing or training others. Outside contacts become important and fostering sound relationships with other entities becomes necessary and often requires the ability to influence and/or sell ideas or services to others.

Other Skills:

  • Resourceful and have the ability to ensure all loans meet established guidelines.
  • Ability to make independent decisions with oversight and assistance as needed by VP of Consumer Lending/SVP of Lending.
  • Ability to effectively present information and adequately to respond to questions from all levels of management.
  • Extremely detailed oriented to ensure accuracy of data.
  • Excellent organizational and time-management skills.
  • Must be adept in operating standard office equipment, specifically the computer, and must have a working knowledge of Microsoft Office products.

Physical Requirements:

  • This position requires manual dexterity, the ability to open cabinets and lift files.
  • This position requires bending, stooping or standing as necessary.

Work Environment:

  • This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

*Lafayette Federal Credit Union is an equal opportunity employer.*


Company Description
Lafayette Federal Credit Union is one of the premiere financial institutions in the Washington, D.C. area with assets exceeding $600MM. Since our founding in 1935, we have sought to provide our members with a safe and convenient place to save, and to offer loans at rates and terms more favorable than those of other financial institutions. We always strive to provide top-notch customer service.

Lafayette Federal Credit Union is not just a great financial services provider‚ it’s a great place to work too! We offer an outstanding benefits package that includes:

• 401(k) with Employer Match and Profit-sharing
• Generous Paid Time Off Package
• Group Health Insurance for Single and Family Coverage
• Flexible Spending Account
• Health Savings Account with Employer Funding
• Life and Accidental Death and Dismemberment Insurance
• Short and Long-Term Disability Insurance
• Dental Reimbursement
• Commuter Benefits
• Educational Assistance

In addition to the benefits listed above‚ LFCU fosters a great work environment. Just ask our employees!

*Lafayette Federal Credit Union is an equal opportunity employer.*


Lafayette Federal Credit Union


Rockville, MD