Consumer Loan Underwriter

Peak Credit Union; Oregon; Hybrid; USD 69,000 - 78,000; Full time

Benefits offered by this job

Full benefits

401k plan

Paid time off

Job summary

Peak Credit Union seeks an experienced Consumer Loan Underwriter to assess auto, secured and unsecured loan requests. The role focuses on underwriting within policy, mitigating risk, and delivering sound lending decisions for members in Oregon and Washington.

The position requires at least two years in consumer lending, strong knowledge of credit scoring models, and strict adherence to regulatory standards.

Qualifications

• Two years of consumer lending processing and underwriting experience.
• Knowledge of credit scoring models and underwriting guidelines.
• Familiarity with Truth in Lending Regulations and Fair Lending practices.
• Ability to communicate loan decisions clearly.

Responsibilities

• Analyze loan applications and supporting documents to make lending decisions.
• Review credit bureau reports and collateral evaluations for risk assessment.
• Approve or deny loans within authority and document decisions.
• Maintain compliance with policies and regulatory requirements.

Skills

Credit underwriting

Credit scoring models

Regulatory compliance

Customer service

Tools

Credit bureau reports

BSA/Reg CC knowledge

Job description

To maintain a strong connection with our members and local communities and better understand their unique needs, we are currently considering applications from candidates residing in Oregon and Washington for all open positions. We appreciate your understanding as we focus our hiring efforts in these specific regions. And, we encourage all qualified candidates from these states to apply, as we look forward to learning more about your unique skills and experience!

Purpose

Purpose:Completes the underwriting for a variety of consumer loan products, including auto, secured and unsecured lines of credit, and recreational collateral. Decisions loans within the underwriter’s own credit authority limits and in accordance with the established policies and procedures of the credit union. Actively works to mitigate risk by employing a thorough, logical, and intentional thought process in decision making. Promotes the use of credit union services and products by recommending strategies to obtain the best results based on each member’s individual needs.

Where and When You Will Work

Where and When You Will Work:Remote role open to candidates residing in Washington (WA) or Oregon (OR). (Branches)Monday through Friday, and rotating Saturdays or Sundays, 9am to 6pm.

Pay Range

Pay Range:The target annual pay range for this position is $68,992 to $78,400. The full annual pay range is $62,720.00 to $94080.00. Compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer of employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

Responsibilities

Responsibilities:Analyzes loan applications, credit bureau reports, collateral evaluation, member account data, financial statements, tax returns, and other loan documentation to make, lending decisions on a variety of loan products in conformance with, fair lending, regulatory compliance, and established credit union policies and procedures. Reviews loans to ensure accuracy, Approves or denies loans based on risk factors within approved authority, reviewing underwriting decisions with the Loan Production Manager, Consumer Loan Underwriting Manager, or Underwriter Lead as appropriate. Communicates loan decisions (approve, counteroffer, or decline) to the appropriate lending channel. Fosters and maintains positive relationships with dealer and merchant partners through verbal and written communication. Serves as a resource on consumer loan products/services of the Credit Union; respond to internal and external loan related member questions and research. Keeps current with knowledge of lending product updates, criteria, guidelines, procedures, policies, and processes to make sound lending decisions. All other duties as assigned.

Previous Experience

Previous Experience:Minimum two (2) years of consumer lending processing and underwriting experience.

Knowledge, Skills, and Abilities

Knowledge, Skills, and Abilities:Proficient in credit scoring models and loan underwriting guidelines. Knowledge of credit union policies, procedures, processes, and Core Values. Deposit operations (BSA, Regs. CC, DD, E, D, and Q). Expertise in Fair Credit Reporting, Fair Lending and Debt Collection Practices, and compliance with federal, state, and local laws, statutes, regulations, and standards. Familiarity with Truth in Lending Regulations (Z, E, and B). Expertise in loan collateral types and their role in determining loan qualifications. In-depth knowledge of loan services, features, and benefits offered by the credit union. Actively learn and apply new information for effective decision-making and problem-solving. Seek opportunities to assist members, dealer partners, and co-workers. Establish and maintain strong relationships with all credit union staff. Establish and maintain strong relationships with dealer and merchant partners. Perform effectively in environments with frequent changes in work volume and competing demands. Research job-related functions, find solutions, and make sound decisions within the scope of responsibilities. Maintain a high standard of confidentiality and attention to detail. Perform duties independently or as part of a team, adapting to work volume and shifting priorities in a high-pressure environment. Provide excellent customer services in both written and oral communication.

Total Rewards

Total Rewards:This position is eligible for Full-Time Regular benefits. Employees and their eligible family members have access to a wide array of employee benefits, such as medical, dental, vision and life insurance coverage. Includes an option for Medical, Dental, and Vision insurance to be paid at a 100% by company for the employee only coverage. We also offer Health Care FSA (HCFSA), Health Savings Account (HSA) with employer contributions, and Dependent Care FSA (DCFSA). Employees also have access to Life and AD&D insurance. Employees are able to enroll in our 401k plan. Full-Time Regular employees accrue 8 hours of vacation and 8 hours of sick leave, on a monthly basis. Full-Time Regular hired employees also receive 11 paid holidays throughout the calendar year, 1 floating holiday, 16 hours of self-care time, and 16 hours of volunteer time. All benefits except 401k start the first of the month following date of hire. Employees become eligible to contribute to 401k on the first of the month following 60 days of employment.

E-Verify

Peak Credit Union participates in E-Verify. We use E-Verify to confirm the identity and employment eligibility of all persons hired to work in the United States.

Equal Employment Opportunity

Peak Credit Union is an Affi. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

Disability Accommodation

Equal Employment Opportunity Posters If you’d like to view a copy of the company’s affirmative action plan or policy statement, please email. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail. This email is created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes, such as following up on an application or technical issues not related to a disability, will not receive a response.