Consumer Loan Underwriter: Risk-Smart Credit Decisions

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

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.