Consumer Credit Underwriter

Crescent Search, Inc.; Nashville (TN); On-site; USD 55,000 - 75,000; Full time

Job summary

Crescent Search, Inc. in Nashville seeks a Consumer Credit Underwriter responsible for evaluating creditworthiness of individuals applying for consumer loans, ensuring decisions align with lending policies and risk management standards, and supporting loan growth.

You will review applications, analyze credit reports, income, and debt, make decisions within policy, and collaborate with loan officers and senior underwriters while maintaining compliance and delivering quality customer service in a

Qualifications

• 1-3+ years in consumer loan underwriting
• Associate degree or higher in business/finance preferred
• Strong analytical and financial analysis skills
• Familiarity with credit reports and lending regulations

Responsibilities

• Review and analyze loan applications: examine credit reports, financial statements, tax returns and other documentation to assess repayment ability and risk
• Evaluate creditworthiness and apply policy guidelines to manually underwritten loans
• Make credit decisions: approve, counter-approve, or deny loan requests within credit policy and compliance guidelines
• Ensure compliance with federal, state, and industry regulations
• Respond to inquiries from internal teams and customers, explain decisions, resolve issues timely
• Collaborate with loan officers, originators, and senior underwriters to gather documentation
• Underwrite installment loans, home equity loans, HELOCs and other consumer products

Skills

Underwriting

Analytical thinking

Regulatory compliance

Financial analysis

Customer service

Education

Associate degree or higher in business/finance

Job description

The Consumer Credit Underwriter is responsible for evaluating the creditworthiness of individuals applying for consumer loans, ensuring decisions align with lending policies, regulations, and risk management standards. The Consumer Credit Underwriter plays a critical role in protecting the lender's interest by ensuring only qualified borrowers receive credit, while also supporting loan growth and customer satisfaction. The role blends analytical, compliance, and customer service responsibilities in a fast-paced lending environment.

Key Duties and Responsibilities

• Review and analyze loan applications: Examine credit reports, financial statements, tax returns, and other documentation to assess repayment ability and risk
• Evaluate creditworthiness: Knowledge and ability to Manually Underwrite, understanding and apply policy guidelines to manually underwritten loans. Determine if applicants meet lending criteria, considering income, savings, payment history, and debt levels.
• Make credit decisions: Approve, counter-approve, or deny loan requests within established credit policy and compliance guidelines
• Compliance and policy adherence: Ensure all underwriting decisions follow federal, state, and industry regulations
• Customer service: Respond to inquiries from internal teams and customers, explain decisions, and resolve issues in a timely manner.
• Collaboration: Work with loan officers, originators, and senior underwriters to gather documentation, and discuss issues.
• Specialized loan types: Underwrite installment loans, home equity loans, HELOCs, and other consumer products

Education

• Associate or college degree in business, finance, accounting, management, or related field, preferred

Experience

• 1-3+ years in consumer loan underwriting, with experience evaluating installment, HELOANS, and HELOCs

Knowledge and Skills:

• Able to maintain high production and quality
• Strong analytical and financial analysis skills
• Knowledge of consumer lending products and practices
• Familiarity with credit reports and lending regulations