Consumer Loan Underwriter

Forest Area Federal Credit Union; Fife Lake (MI); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

PTO and benefits

Training growth

Work-life balance

Make a difference

Job summary

Forest Area Federal Credit Union in Fife Lake, MI seeks a Consumer Loan Underwriter for a full-time, on-site role evaluating auto loans, personal loans, credit cards, and lines of credit. You will review applications for accuracy and compliance, then make sound credit decisions to protect members and the credit union.

You will analyze financial statements and credit reports, applying scoring models and regulatory standards while communicating decisions and maintaining thorough documentation for

Qualifications

• 3-5 years in consumer lending or underwriting
• High school diploma or GED required
• Proficiency in evaluating credit reports and loan documents
• Knowledge of consumer lending regulations (TILA, ECOA, FCRA)

Responsibilities

• Review loan applications for accuracy and compliance with internal policies.
• Analyze financial documents, credit reports, and income data to assess creditworthiness.
• Evaluate risk using credit scoring models and risk management tools.
• Ensure decisions follow applicable laws and regulations (TILA, ECOA, FCRA, RESPA).
• Communicate decisions to applicants and request documentation as needed.
• Collaborate with loan officers and management on complex cases.
• Maintain documentation and support audit readiness.
• Stay up to date with industry changes, products, and compliance standards.

Skills

Credit analysis

Financial documentation

Communication skills

Analytical abilities

Decision-making

Attention to detail

Time management

Education

High school diploma or GED

Tools

Loan Origination Systems

Credit analysis tools

Microsoft Office

Job description

Join Our Team at Forest Area Federal Credit Union!
Position: Consumer Loan Underwriter
Location: Administrative Building in Fife Lake MI
Employment Type: Full-Time

At Forest Area Federal Credit Union, we're committed to empowering our members through responsible lending, financial education, and community-first service. As a member-focused credit union, we believe in building strong relationships while helping individuals and families reach their financial goals.

We're currently seeking a Consumer Loan Underwriter who is detail-oriented, analytical, and passionate about making sound credit decisions that protect our members and our credit union.

As a Consumer Loan Underwriter, you'll play a vital role in evaluating and decisioning consumer loan applications—including auto loans, personal loans, credit cards, and more. You will:

• Review loan applications for accuracy, completeness, and compliance with internal policies.




• Analyze financial documentation, credit reports, and income data to assess creditworthiness.




• Evaluate risk using credit scoring models and risk management tools.




• Ensure all decisions follow applicable laws and regulations (TILA, ECOA, FCRA, etc.).




• Communicate with applicants to request documentation or explain loan decisions.




• Collaborate with loan officers and management on complex or high-value cases.




• Maintain thorough documentation and support internal audit readiness.




• Stay up to date with industry changes, products, and compliance standards.

• Experience: 3-5 years in consumer lending or underwriting required.




• Education: High school diploma or GED required.




• Skills:

  
  
  
  

  • Proficiency in evaluating credit reports, financial statements, and loan applications

  
  

  • Knowledge of consumer loan products (auto, personal loans, credit cards, lines of credit)

  
  

  • Strong understanding of consumer lending regulations (TILA, ECOA, FCRA, RESPA)

  
  

  • Excellent communication, decision-making, and analytical abilities

  
  

  • Detail-oriented and organized, with solid time management skills

  
  

  • Comfortable using loan origination systems, credit analysis tools, and Microsoft Office

  
  

Why Forest Area FCU?

• Supportive and member-focused team culture




• Paid time off, holidays, and benefits




• Opportunities for ongoing training and professional growth




• Commitment to work-life balance




• A chance to make a real difference in our members' lives