Consumer Loan Underwriter

First Fed; United States; Remoto; USD 31.000 - 53.000; Tempo pieno

Vantaggi offerti da questo lavoro

Medical, dental, and vision insurance

401k with company match

Employee Stock Ownership Plan

Gym membership reimbursement

Paid time off

Descrizione del lavoro

First Fed is seeking a Consumer Underwriter to manage underwriting, documentation, and closing of consumer loans in compliance with regulations and policy. You will assess borrower credit, income, assets, and collateral while coordinating third-party reports and preparing accurate closing documents.

The role supports efficient operations, sound credit decisions, and a high-quality customer experience, serving as a resource to branches on lending programs and processes.

Competenze

• Underwriting and processing of consumer loans with regulatory and policy adherence.
• Ability to assess credit, income, assets, collateral, and product eligibility.
• Experience with closing documents and vendor coordination is a plus.

Mansioni

• Underwrite and process consumer loans with complete documentation.
• Review credit, income, assets, and collateral to support decisions within authority.
• Coordinate third-party reports (title, flood, appraisal, insurance).
• Prepare closing documents ensuring accuracy and compliance.
• Maintain knowledge of lending programs and policies.
• Guide branch personnel to ensure service excellence and loan quality.
• Perform other duties as assigned.

Conoscenze

Analytical thinking

Problem-solving

Decision making

Multitasking

Initiative & accountability

Formazione

High school diploma or equivalent

Associate degree in accounting, finance, real estate, or related field

Descrizione del lavoro

Position Purpose

The Consumer Underwriter is accountable for the underwriting, documentation, and closing of consumer loans in accordance with regulatory requirements, internal policy, and portfolio standards. This role supports sound credit decisions, operational efficiency, and a high-quality customer experience while serving as a resource to branch personnel on consumer lending programs and processes.

Essential Functions

• Underwrite and process consumer loans, ensuring complete documentation, regulatory compliance, and adherence to portfolio and wholesale guidelines.
• Review borrower credit, income, assets, collateral, pricing, and product eligibility to support sound credit decisions within assigned authority.
• Coordinate third-party reports and vendor activity, including title, flood, appraisal, and insurance requirements, to support timely loan closing.
• Prepare and review closing documents to ensure accuracy, completeness, and compliance.
• Maintain current knowledge of lending programs, underwriting standards, policies, procedures, and systems.
• Partner across departments and provide guidance to branch personnel to support service excellence and consistent loan quality.
• Perform other related duties as assigned.

Qualifications & Requirements

• High school diploma or equivalent required; associate degree in accounting, finance, real estate, or a related field preferred.
• Strong analytical, problem-solving, and decision-making skills.
• Sound judgment in credit and collateral evaluation.
• Ability to manage multiple priorities independently in a deadline-driven environment.
• High degree of initiative, accountability, and commitment to continuous learning.

Role Levels

• Junior Consumer Loan Underwriter – Provides underwriting support and analytical assistance to the Consumer Credit department with approval authority up to $50,000; typically requires two years of related experience or equivalent internal experience.
• Consumer Loan Underwriter – Independently underwrites, processes, and closes consumer and wholesale loans with approval authority up to $250,000; typically requires two years of underwriting experience.
• Senior Consumer Loan Underwriter – Serves as a senior underwriting resource, providing mentorship and advanced credit expertise with approval authority up to $500,000; typically requires five years of underwriting experience and is able to perform all the duties in the Consumer Credit Department.

Physical Requirements

This role requires the ability to operate standard office equipment, communicate effectively in person and remotely (telephone, video conference, written communication, etc.), and work in a combination of sitting and standing throughout the day. Reasonable accommodation may be available to enable qualified individuals with disabilities to perform the essential functions of the position.

Pay Range

• The pay range for this position is $22.67 - $38.55 per hour
• The typical hiring range for this position is $22.67 - $26.02 per hour
• The incentive plan for this position is the Partnership Incentive plan Tier 2. It is paid out quarterly with a 7.5% target payout.
• Employees will be eligible for our benefits package including medical, dental, and vision insurance, paid time off, retirement plans (401k with company match and Employee Stock Ownership Plan), gym membership reimbursement, discounts on our banking products, and more! Additional information on our benefits package can be viewed at https://www.ourfirstfed.com/careers

As a c_ommunity Bank, we know the power in bringing people together from all walks of life. Our communities are beautiful and strong because of their diversity, and it’s important to us that all of our locations reflect the unique diversity of the places we live and work. We are passionate about hiring the very best talent and welcome applicants from all backgrounds_ Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran

We are required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor, and the Employee Polygraph Protection Act.