Top Consumer Credit Manager jobs in Maryland
Top Consumer Credit Manager plans and directs all aspects of an organization's consumer credit activities. Manages and leads the consumer credit underwriting function for a central processing unit. Being a Top Consumer Credit Manager requires a bachelor's degree. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Additionally, Top Consumer Credit Manager typically reports to top management. The Top Consumer Credit Manager manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Top Consumer Credit Manager typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)
Recently Added Top Consumer Credit Manager jobs
Consumer Loan Underwriter
- Tower Federal Credit Union
-
Laurel, MD
FULL_TIME
-
Job Details
Description
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.
- Performs a thorough review of all consumer loans prior to clear to close and provides immediate feedback to the Consumer Loan Processor or Funder with any corrective measures to be taken prior to closing.
- Underwrites and evaluates the risk on all consumer lending loan applications daily in accordance with established service and production levels in order to render a timely prudent underwriting decision.
- Reviews and analyzes all information on the loan application matching it to the documentation in the loan file and data in the Loan Origination System (LOS).
- Reviews and analyzes documentation obtained throughout the process in order to determine continuous loan eligibility and an update of the data in the LOS to ensure data integrity.
- 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.
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.
- 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.
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
- 3 Days Ago
Contract Manager
- Top Stack
-
Baltimore, MD
FULL_TIME
- Our client is seeking a highly skilled Contract Manager for a special project. This role involves building a comprehensive list of contracts which includes analyzing contract data. The successful cand...
- 2 Days Ago
Consumer Loan Processor I
- First Financial Federal Credit Union of Maryland
-
Sparks Glencoe, MD
FULL_TIME
- First Financial Federal Credit Union Job Description Job Title: Consumer Loan Processor I, II and III Department: Consumer Lending Reports To: Consumer Lending Manager Salary Grade(s): 7,8,9 EEO-1 Job...
- 11 Days Ago
Credit Manager
- CFG Bank
-
Baltimore, MD
FULL_TIME
- Company SummaryCFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region. As the 6th largest bank i...
- 1 Day Ago
Consumer Service Project Manager
- Hughes Network Systems, LLC
-
Germantown, MD
FULL_TIME
- EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pionee...
- 14 Days Ago
Program Manager - Top Secret clearance
- Perrygo Consulting Group, LLC
-
Lexington, MD
FULL_TIME
- Perrygo is a small, rapidly growing company; we are passionate about our employees as well as supporting our customers and their mission. We are excited for the opportunity to bring aboard highly moti...
- Just Posted
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-
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-
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- Preferred Behavioral Health Group
-
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Consumer Relations Specialist
- Confidential
-
Newton, MA
- Responsibilities: Handling consumer inquiries efficiently and accurately across various channels, including phone, email...
- 5/29/2024 12:00:00 AM
Senior Robotics Engineer - Smart Shop
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-
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Administrative Assistant
- Innovative Software Solution Inc
-
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About Maryland
Maryland (US: /ˈmɛrələnd/ (listen) MERR-əl-ənd) is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east. The state's largest city is Baltimore, and its capital is Annapolis. Among its occasional nicknames are Old Line State, the Free State, and the Chesapeake Bay State. It is named after the English queen Henrietta Maria, known in England as Queen Mary.
Sixteen of Maryland's twenty-three counties border the tidal waters of the Chesapeake Bay estuary and...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Top Consumer Credit Manager jobs
$233,060 to $417,720
Most Popular Cities in Maryland for Top Consumer Credit Manager Jobs
What does a Top Consumer Credit Manager do?
Top Consumer Credit Manager in Rockford, IL
Based on our compensation data, the estimated salary potential for Top Consumer Credit Manager will increase 16 % over 5 years.
December 16, 2019