Consumer Loan Underwriter

Prestige Community Credit Union; Dallas (TX); On-site; USD 65,000 - 90,000; Full time

Job summary

Prestige Community Credit Union is seeking a Loan Underwriter to evaluate consumer and indirect loan applications in alignment with lending policies, regulatory requirements, and risk-management standards.

The role involves analyzing credit reports and financial documentation to assess repayment ability, verify information, and structure loans accordingly. Collaboration with loan officers and staff is essential for accurate decisions.

Qualifications

• 2–3 years of lending, loan underwriting, credit analysis, or related financial-services experience.
• Strong understanding of consumer credit principles and loan underwriting practices.
• Ability to analyze credit reports, income docs, and debt-to-income calculations.
• Excellent written and verbal communication skills.
• Strong attention to detail and sound judgment.
• Ability to make independent credit decisions while following policies and procedures.

Responsibilities

• Review and underwrite consumer, D & M Leasing, Balloon loans and/or other loan applications based on assigned lending authority.
• Analyze credit reports, income, employment, debt obligations, assets, collateral, and other relevant financial information.
• Evaluate the borrower's ability and willingness to repay the loan.
• Verify loan documentation and identify missing, inconsistent, or questionable information.
• Apply the credit union's lending policies, underwriting guidelines, pricing requirements, and approval procedures consistently.
• Make credit decisions within established lending authority and provide clear rationale for approvals, counteroffers, stipulations, or declines.
• Identify and appropriately elevate loans presenting elevated credit, fraud, collateral, or compliance risk.
• Ensure loan decisions comply with applicable federal and state laws and regulations, including fair lending and consumer protection requirements.
• Review and approve loan exceptions in accordance with established exception authority and escalation procedures.
• Communicate effectively with loan officers, processors, branch personnel, and other lending staff regarding underwriting decisions and documentation requirements.
• Maintain accurate and complete underwriting notes and documentation in the loan origination system.
• Assist lending staff in resolving underwriting questions and provide guidance regarding credit policy and documentation requirements.
• Stay current on changes to lending regulations, credit union policies, underwriting standards, and industry practices.
• Participate in quality-control, audit, compliance, and loan-review activities as requested.
• Maintain confidentiality of member financial information and adhere to the credit union's information-security policies.
• Help Loan Manager with Board Reports and credit card renewals.
• Perform other duties as assigned.

Skills

Credit underwriting

Credit analysis

Financial statement review

Communication skills

Attention to detail

Policy-based decision making

Education

High school diploma

Job description

Job Description

Job Description

Job Summary

The Loan Underwriter is responsible for evaluating, analyzing, and making sound credit decisions on consumer and/or Indirect Loan/Lease applications in accordance with the credit union's lending policies, procedures, regulatory requirements, and risk-management standards.

This position reviews borrowers' financial information, assesses creditworthiness and repayment capacity, verifies documentation, identifies potential risks, and ensures loans are structured appropriately. The Loan Underwriter balances prudent risk management with the credit union's commitment to providing members with fair, responsible, and service-oriented lending solutions.

Job Duties & Responsibilities

• Review and underwrite consumer, D & M Leasing, Balloon loans and/or other loan applications based on assigned lending authority.
• Analyze credit reports, income, employment, debt obligations, assets, collateral, and other relevant financial information.
• Evaluate the borrower's ability and willingness to repay the loan.
• Verify loan documentation and identify missing, inconsistent, or questionable information.
• Apply the credit union's lending policies, underwriting guidelines, pricing requirements, and approval procedures consistently.
• Make credit decisions within established lending authority and provide clear rationale for approvals, counteroffers, stipulations, or declines.
• Identify and appropriately elevate loans presenting elevated credit, fraud, collateral, or compliance risk.
• Ensure loan decisions comply with applicable federal and state laws and regulations, including fair lending and consumer protection requirements.
• Review and approve loan exceptions in accordance with established exception authority and escalation procedures.
• Communicate effectively with loan officers, processors, branch personnel, and other lending staff regarding underwriting decisions and documentation requirements.
• Maintain accurate and complete underwriting notes and documentation in the loan origination system.
• Assist lending staff in resolving underwriting questions and provide guidance regarding credit policy and documentation requirements.
• Stay current on changes to lending regulations, credit union policies, underwriting standards, and industry practices.
• Participate in quality-control, audit, compliance, and loan-review activities as requested.
• Maintain confidentiality of member financial information and adhere to the credit union's information-security policies.
• Help Loan Manager with Board Reports and credit card renewals.
• Perform other duties as assigned.

Qualifications

• High school diploma or equivalent.
• [2–3] years of lending, loan underwriting, credit analysis, or related financial-services experience.
• Strong understanding of consumer credit principles and loan underwriting practices.
• Ability to analyze credit reports, financial statements, income documentation, and debt-to-income calculations.
• Strong attention to detail and sound judgment.
• Excellent written and verbal communication skills.
• Ability to make independent credit decisions while following established policies and procedures.

Company Description

Prestige Community Credit Union is a not-for-profit, full-service financial institution that provides many of the same products & services as a bank but with low, or no fees, and better rates on savings and loans.
The word “PRESTIGE” is defined as a reputation or influence arising from success. Everyone wants to be successful in life and every person has an idea of what it means to be successful. Each person goes about achieving that success in different ways.
The credit union has a long history of commitment to its members. Our brand represents our continued commitment to help people attain the successful financial standing they strive to achieve. The credit union was originally created to help individuals better themselves through the strength of the collective group. PRESTIGE COMMUNITY CREDIT UNION is the result of our member’s financial success. We will continue to use that collective strength to raise individual members to the “PRESTIGE” they desire.
“Whatever it takes to achieve your “PRESTIGE”...whether it’s to live in a beautiful home, drive a nice car, be debt free, start your own business, retire comfortably or if you are just becoming financially independent; we are here to help you accomplish that lifestyle.”

Company Description

Prestige Community Credit Union is a not-for-profit, full-service financial institution that provides many of the same products & services as a bank but with low, or no fees, and better rates on savings and loans.
The word “PRESTIGE” is defined as a reputation or influence arising from success. Everyone wants to be successful in life and every person has an idea of what it means to be successful. Each person goes about achieving that success in different ways.
The credit union has a long history of commitment to its members. Our brand represents our continued commitment to help people attain the successful financial standing they strive to achieve. The credit union was originally created to help individuals better themselves through the strength of the collective group. PRESTIGE COMMUNITY CREDIT UNION is the result of our member’s financial success. We will continue to use that collective strength to raise individual members to the “PRESTIGE” they desire.
“Whatever it takes to achieve your “PRESTIGE”...whether it’s to live in a beautiful home, drive a nice car, be debt free, start your own business, retire comfortably or if you are just becoming financially independent; we are here to help you accomplish that lifestyle.”