Consumer Underwriter

Sunward Federal Credit Union; Albuquerque (NM); On-site; USD 55,000 - 85,000; Full time

Job summary

Sunward Federal Credit Union is seeking an experienced Consumer Underwriter to review loan applications and make sound underwriting decisions for auto, personal, credit card and HELOC products, ensuring compliance with banking regulations.

The role requires strong analytical skills, attention to detail and solid knowledge of consumer credit and underwriting principles, with a track record of prudent risk assessment in a credit union environment.

Qualifications

• Strong working knowledge of consumer credit and underwriting principles.
• Familiar with federal and state regulations affecting consumer and mortgage loans.
• Knowledgeable about home equity lines of credit and lending processes.

Responsibilities

• Review loan documents and decisions for auto, personal, credit card and HELOC applications.
• Assess financial risk, analyze data and ensure regulatory compliance.
• Underwrite and participate in loan decisioning with senior staff as needed.
• Escalate high-risk or high-complexity files to appropriate authority.
• Serve as SME within the department and assist in training staff.

Skills

Interpersonal skills

Negotiation skills

Organizational skills

Attention to detail

Microsoft Office

Analytical decision-making

Education

High school diploma or GED

Tools

Microsoft Office

Job description

Description

Job Summary

Reviews loan documents and appropriately decisions auto, personal, credit card and home equity lines of credit applications, by assessing financial risk, analyzing data, reviewing borrowers creditworthiness, and ensuring compliance with banking regulations, while making critical loan underwriting decisions.

Essential Job Duties

• Perform all duties of a level 1 & 2 Consumer Underwriter.
• Act as a subject matter experts for others in the department
• Assist in training new staff members on products and procedures
• Support and respond to questions from Consumer Underwriter 1 and 2.
• Serve as a member of the Credit Committee in decisioning loan applications that involve high complexity and loan amounts according to policy
• Escalate loan file with recommendation that exceed individual lending authority and/or of high complexity and associated risks to a Consumer Underwriter 4 or Supervisor.
• Perform other duties as assigned.

Requirements

Required Skills/Abilities

• Excellent interpersonal and negotiation skills.
• Excellent organizational skills and attention to detail.
• Strong proficiency with Microsoft Office applications. Familiar and comfortable with information technology, particularly digital means of communication.
• Strong organizational skills in managing multiple initiatives.
• Strong analytical and decision-making skills

Knowledge

• Strong working knowledge of consumer credit and underwriting principles
• Strong working knowledge with federal and state regulations affecting consumer and mortgage loans
• Strong working-level knowledge of overall consumer and mortgage lending processes, including underwriting and loan processing.
• Strong working-level knowledge of valid documentation related to the processing of consumer and mortgage applications (tax returns, financial statements, verification of income, etc.)
• Strong knowledge with home equity line of credit

Education and Experience

• Minimum four years' experience in consumer and HELOC underwriting.
• Minimum high school diploma/GED or more than four year of related experience.

Physical Requirements

Prolonged periods of sitting at a desk and working on a computer.