Underwriter

Brightstar Credit Union; Florida; On-site; USD 42,000 - 52,000; Full time

Benefits offered by this job

Weekly pay

Medical, Dental, Vision

401(k) Plan with Matching

Tuition Reimbursement

Wellness Studio & Gym

Company-Paid Life Insurance

Health Savings Account with Company

Job summary

BrightStar Credit Union in Cooper City, Florida seeks an experienced Consumer Credit Underwriter for the Consumer Lending Department. This full-time clerical role focuses on assessing loan applications, determining approval or denial, and maintaining BrightStar's risk tolerance.

The position emphasizes accurate documentation and cross-selling opportunities within authority limits. You will evaluate risk, justify decisions, follow guidelines, and collaborate with teammates to optimize production

Qualifications

• Three to five years of underwriting experience.
• Experience with consumer or small business lending.
• Familiarity with MeridianLink Systems.

Responsibilities

• Evaluate loan submissions against guidelines and determine acceptability.
• Set collateral, pricing, limits, and terms based on exposure.
• Decide on consumer and small business loans within authority.
• Ensure compliance with underwriting guidelines and policies.
• Cross-sell and contribute to revenue generation.

Skills

Credit underwriting

Financial analysis

Education

Two-year college degree

Tools

MeridianLink Systems

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

DEPT019-Consumer Lending Full Time Clerical Cooper City, FL, US

Salary Range: $30.28 To $37.50 Hourly

About BrightStar:

As a member of BrightStar Credit Union, you'll join a dynamic, purpose-driven organization that prioritizes its employees and members. We offer excellent benefits, advanced opportunities, and exceptional training. Founded in 1946 as a community-based credit union focusing on educators, we expanded to serve 23 counties across Florida. As a Trusted Advisor, BrightStar offers a diverse range of financial services and opportunities. BrightStar Credit Union is committed to creating a diverse, inclusive work environment where everyone has a chance to succeed and feel a sense of belonging. Our work environment is fun, fast-paced, and service-oriented.

What we offer:

• Weekly pay with a BSCU account and Direct Deposit
• Medical, Dental, and Vision
• 401 (k) Plan with Matching
• Tuition Reimbursement Program
• Engagement Area
• Wellness Studio & Gym
• Company-Paid Life Insurance
• Health Savings Account with Company Contributions

About the Role:

The Consumer Credit Underwriter plays a crucial role in our Consumer Lending Department by assessing the creditworthiness of loan applicants and deciding whether to approve or deny a variety of consumer loans and small business loans under the loan authority. Their work is instrumental in maintaining BrightStar's risk tolerance. Operating within the established strategy and delegated authority, this position is key to generating a profitable portfolio. In addition, the Underwriter contributes to our business growth through cross-selling, offering an exciting opportunity to make a significant impact.

Job Responsibilities:

• The Underwriter will evaluate submissions to determine the acceptability of risks according to the company's guidelines and standards. They are responsible for determining proper collateral, pricing, limits, and terms based on exposure. The Underwriter will decide on all consumer and small business loans, excluding real estate loans.
• Guideline adherence.
• Recommend procedural and policy changes that may enhance productivity or ensure quality loan approvals and workflow.
• Understand and follow the applicable underwriting guidelines, policies, and procedures to consistently adhere to industry regulations. Operate within the assigned letter of underwriting authority.
• Communication:
  • Assistance with external communication. They interact with internal and external members to gather information and clarify underwriting requirements.
• Data analysis.
  • Utilize analytical tools within the system to evaluate exposure. Escalation of loans as necessary.
• Collaborate with other underwriters and team members for analysis of more complex transactions, including small business loans.
• Perform other duties as needed.
• Documentation.
  • Ensure adherence to company policy and make informed decisions on loan approvals and declines. Responsible for documenting the underwriting process and decisions of assigned policies.
• Cross-selling and Revenue Generation.
  • Participate in team meetings and marketing activities as needed and make recommendations to help with process efficiencies, highlight trends, etc.
  • Drive departmental goals for production levels and service delivery. Approve loans within parameters approved by the Board of Directors. Recommend loan exceptions as needed.

Minimum Expectations of Knowledge and Skills:

Experience - Three to five years of similar or related experience . Knowledge of underwriting to include, but not limited to, vehicles, personal loans, recreational vehicles, credit cards, and small business lending. Knowledge of MeridianLink Systems preferred.

Education - (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.

Interpersonal Skills- Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve greater confidentiality and discretion, requiring diplomacy and tact in communication.

Compliance

Every employee must uphold the credit union's compliance with the Bank Secrecy Act and anti-money laundering policies and procedures. Specific functions within B.S.C.U. will consider awareness of unusual or suspicious activity relevant to the department.

• In addition to any other assigned training courses, online B.S.A. and O.F.A.C. courses must be completed at least annually, as made available by the Training and Compliance Department.
• Maintains comprehensive knowledge of the Bank Secrecy Act, Customer Identification Program, U.S.A. Patriot Act, O.F.A.C., Fair Lending, and Credit Card Act.

Physical Requirements

The physical demands described here represent those that an employee must meet to perform the essential functions of this job successfully. Reasonable accommodation may enable individuals with disabilities to perform essential functions. While performing the duties of this Job, the employee is regularly required to sit, use hands to finger, handle, or feel, and talk or hear. The employee is frequently required to walk and reach with hands and arms. The employee must occasionally stand, stoop, kneel, and crouch. The employee may occasionally lift and move up to 10 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus.

The work environment characteristics described here represent those an employee encounters while performing the essential functions of this job. Reasonable accommodation may enable individuals with disabilities to perform essential functions.

BrightStar Credit Union is an Equal Opportunity Employer. BrightStar Credit Union is a Drug-Free Workplace