Consumer Lending Underwriter

Deseret First Credit Union; West Valley City (UT); Hybrid; USD 60,000 - 90,000; Full time

Job summary

A financial institution in West Valley City is seeking an experienced mortgage underwriter to analyze and decision loan applications. The role involves evaluating creditworthiness, ensuring compliance with policies, and balancing risk and member service. Candidates should have a high school diploma and preferred experience of 1-3 years in a related field. Proficiency in Microsoft Office is essential. This position offers a hybrid work schedule.

Qualifications

• 1-3 years of similar or related experience preferred.
• Ability to interpret and apply policies and regulations.

Responsibilities

• Underwrite mortgage and loan applications.
• Analyze borrower credit and financial data.
• Ensure compliance with lending policies.
• Communicate with loan officers for information.
• Communicate with loan officers and other departments to obtain necessary information.
• Review, verify and clear underwriting stipulations in a timely manner.
• Prepare information supporting loan approvals, counteroffers and denials citing policy and regulatory guidelines.
• Underwrite loan modifications and evaluate risk impact.
• Review and process subordination requests.
• Maintain current knowledge of lending policies and regulatory changes.

Skills

Analytical skills

Decision-making

Attention to detail

Communication skills

Organizational skills

Education

High school diploma or GED

Tools

Microsoft Office Suite

Loan origination systems

Underwriting systems

Job description

Summary: Responsible for analyzing, underwriting, and decisioning consumer and in-house mortgage loan applications in accordance with credit union lending policies, regulatory requirements, and sound risk management principles. This position evaluates creditworthiness, verifies applicant information, and ensures accurate documentation while balancing risk, compliance, and member service objectives.

Schedule

40 hours per week, flexible between 8:30am - 6:00pm Monday-Friday, as well as rotating Saturdays.

Work Conditions

• Office environment, moderate walking
• This position currently allows for a hybrid work schedule; however, the number of required office days are subject to change at any time based on business needs, team collaboration needs, or manager discretion

Deseret First Credit Union is proud to be an Equal Opportunity Employer, providing equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, gender identity, age, national origin, disability veteran status, pregnancy, sexual orientation, or any other characteristic protected by law.

Duties and Responsibilities

• Underwrite, evaluate and make decisions for consumer loan and in-house mortgage applications which includes approval, declines, or counter-offers
• Analyze credit reports, income documentation, collateral, ratios, and other financial data to assess borrower(s) risk
• Ensure compliance with internal lending policies and regulations
• Verify application data and supporting documentation for accuracy and completeness
• Communicate with loan officers and other departments to obtain additional information or clarification as needed
• Review, verify, and clear underwriting stipulations in a timely manner
• Prepare detailed information supporting loan approvals, counteroffers, and denials, citing applicable policy and regulatory guidelines
• Underwrite loan modifications and evaluate risk impact
• Review and process subordination requests
• Maintain current knowledge of credit union lending policies, procedures, and regulatory changes
• Meet established productivity, quality, and turnaround time standards
• Provide exceptional internal service while supporting overall member satisfaction
• This job description is not an exhaustive list of all job duties; Other duties may be assigned at any time

Qualifications

• High school diploma or GED required
• 1-3 years of similar or related experience preferred

Competencies

• Strong analytical and risk assessment skills
• Sound judgment and decision-making ability
• High attention to detail and accuracy
• Ability to prioritize and meet deadlines in a fast-paced environment
• Effective written and verbal communication skills
• Strong organizational and time management skills
• Ability to interpret and apply policies, procedures, and regulatory requirements
• Professionalism, dependability, and accountability

Computer/Software Skills

• Proficiency in Microsoft Office Suite (Word, Excel, Outlook)
• Experience with loan origination and underwriting systems preferred
• Ability to quickly learn and adapt to new software platforms

Salary

DOE