Consumer Underwriter 3

Socket.dev; Albuquerque (NM); On-site; USD 65,000 - 90,000; Full time

Job summary

Socket.dev in Albuquerque, NM is seeking a Consumer Underwriter to review loan documents and make underwriting decisions for auto, personal, credit card and mortgage products, assessing risk and ensuring compliance with banking regulations.

You will be part of a team handling high complexity loans, participate in training, and escalate when authority is exceeded, leveraging strong communication, Excel skills, and knowledge of underwriting principles.

Qualifications

• Excellent interpersonal and negotiation skills.
• Excellent organizational skills and attention to detail.
• Proficiency with Microsoft Office applications and comfort with IT/digital communication.
• Strong analytical and decision-making abilities.
• Strong knowledge of consumer credit and underwriting principles.
• Knowledge of federal and state regulations affecting consumer and mortgage loans.
• Understanding of consumer and mortgage lending processes including underwriting and loan processing.
• Experience with documentation for consumer/mortgage applications (tax returns, financial statements, etc.).
• Knowledge of HELOC processes.

Responsibilities

• Review loan applications and make underwriting decisions based on risk and compliance.
• Act as a subject matter expert for the department.
• Assist in training new staff on products and procedures.
• Support and respond to questions from junior underwriters.
• Participate in Credit Committee decisions for high complexity loans.
• Escalate files exceeding authority to senior underwriter or supervisor.
• Perform other duties as assigned.

Skills

Interpersonal skills

Negotiation

Organizational skills

Attention to detail

Analytical

Decision making

Education

High School Diploma or GED

Tools

Microsoft Office Suite

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.