Consumer Underwriter

Sunward; Reston (VA); On-site; USD 75,000 - 105,000; Full time

Job summary

Sunward is seeking a seasoned Consumer Underwriter to review loan documents and make underwriting decisions for auto, personal, credit card, and mortgage lines of credit. You will assess financial risk, analyze data, review borrower creditworthiness, and ensure compliance with banking regulations.

The role requires four years of experience in consumer and HELOC underwriting, strong knowledge of credit and regulatory requirements, and proficiency with Microsoft Office.

Qualifications

• Four years’ experience in consumer and HELOC underwriting.
• Knowledge of consumer credit and underwriting principles.
• Familiar with federal and state regulations affecting consumer and mortgage loans.
• Proficient with Microsoft Office and IT tools.

Responsibilities

• Review loan documents and make underwriting decisions for auto, personal, credit card, and HELOC applications.
• Act as a subject matter expert for others in the department.
• Assist in training new staff on products and procedures.
• Support and respond to questions from Consumer Underwriter 1 and 2.
• Participate in decisioning loan applications that involve high complexity and loan amounts according to policy.
• Escalate loan files with high-risk or high-complexity recommendations to the appropriate senior underwriter or supervisor.
• Perform other duties as assigned.

Skills

Interpersonal skills

Negotiation

Organizational skills

Microsoft Office

Analytical skills

Decision making

Education

High school diploma/GED

Job 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.