Consumer Underwriter Specialist

Full-time position focused on reviewing and decisioning consumer loan applications by assessing financial risk, analyzing borrower creditworthiness, and ensuring compliance with credit union policies, underwriting standards, and regulatory requirements. Depending on experience level, the role underwrites auto, personal, credit card, and home equity line of credit applications and exercises lending authority within assigned approval limits.

Responsibilities

• Reviews consumer loan applications and supporting documentation to evaluate creditworthiness, repayment ability, and overall risk.
• Assesses borrower financial profiles, including credit history, income and employment stability, debt-to-income ratios, loan-to-value ratios, assets, and other relevant information.
• Calculates and evaluates key financial ratios and debt-servicing ability using financial tools and credit scoring models.
• Obtains and verifies required documentation, such as income verification, employment history, financial statements, and other supporting information.
• Makes loan approval or decline decisions within assigned lending authority based on risk assessment, underwriting criteria, and the General Loan Policy.
• Documents and communicates the rationale for underwriting decisions clearly.
• Recommends appropriate loan terms and conditions and identifies alternative loan structures based on borrower needs and risk profile.
• Collaborates with loan processors, originators, and other stakeholders to obtain additional information or clarification needed to decision loan applications.
• Responds to underwriting questions accurately and in a timely manner.
• Escalates loan applications that exceed assigned lending authority or involve higher complexity or risk, providing recommendations to higher-level underwriters or supervisors.
• Participates in lending seminars, training, and other development opportunities.
• Performs other duties as assigned.

Requirements

• Minimum two years’ experience in loan underwriting or directly related experience.
• Minimum high school diploma/GED or more than two years of related experience.
• In-depth knowledge of consumer credit and underwriting principles.
• Good working knowledge of overall consumer and mortgage lending processes, including underwriting and loan processing.
• Good working knowledge of valid documentation related to processing consumer and mortgage applications (tax returns, financial statements, verification of income, etc.).
• Good working knowledge of federal and state regulations affecting consumer loans.
• Familiarity with home equity line of credit.

Skills

• Excellent interpersonal and negotiation skills.
• Excellent organizational skills and attention to detail.
• Strong proficiency with Microsoft Office applications.
• Comfortable with information technology, particularly digital means of communication.
• Strong organizational skills in managing multiple initiatives.
• Strong analytical and decision-making skills.

Physical Requirements

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift 5 pounds at times.

Pay

$27.14 - $33.93 / hour