Underwriter I

First Source Federal Credit Union; Town of New Hartford (NY); On-site; USD 65,000 - 90,000; Full time

Job summary

First Source Federal Credit Union seeks an Underwriter to evaluate consumer and home equity loan applications in accordance with policy and regulatory requirements. The role emphasizes credit assessment, risk analysis, and timely lending decisions within approved authority.

The position requires strong communication, analytical thinking, and the ability to work in a fast-paced environment, with occasional travel and participation in compliance training and community events.

Qualifications

• High school diploma with 3–5 years related experience or a related business degree.
• Strong communication and analytical skills with attention to detail.
• Ability to multitask in a high-volume, fast-paced environment.
• Proficient computer skills and professional appearance.
• Flexible hours as needed.

Responsibilities

• Underwrite consumer loan applications including secured, unsecured loans, credit cards, and home equity.
• Assess creditworthiness and risk per lending standards and regulations.
• Make underwriting decisions within authority; communicate decisions to appropriate parties.
• Maintain lending authority level 6 or higher; escalate for loans beyond authority.
• Travel as needed; participate in credit union events and compliance training.

Skills

Communication

Analytical

Attention to detail

Multitasking

Verbal communication

Written communication

Computer literacy

Professional appearance

Flexible hours

Education

High School diploma

Business degree

Tools

Core operating systems

Job description

Position Summary

This position is responsible for underwriting consumer and home equity loans within designated lending authority and in accordance with credit union policies and procedures.

Essential Job Functions

• Underwrite consumer loan applications to include but not limited to secured loans, unsecured loans, credit cards, and home equity loans.
• Ensure each loan request is thoroughly analyzed to determine creditworthiness of the potential borrower and assess overall risk to the Credit Union.
• Ensure that all loan requests comply with Credit Union lending standards, guidelines, and applicable federal and state rules and regulations.
• Make underwriting decisions within stipulated time frame and individual lending authority.
• Clearly communicate lending decisions to the appropriate parties and, when a loan request cannot be approved, provide alternative options and guidance to help members improve creditworthiness.
• Maintain individual lending authority level 6 or higher.
• For loans exceeding individual lending authority, make recommendations to Underwriting Manager, or any employee with the appropriate individual underwriting authority.
• Effectively communicate decisions to appropriate parties both verbally and through the loan origination platform.
• Actively contribute to and support Underwriting and the Credit Union achieve goals.
• Provide support to the other areas of the credit union.
• Required to participate in First Source Federal Credit Union events as well as designated Community events.
• Required to attend or participate in necessary compliance training, including but not limited to Bank Secrecy, OFAC, and Privacy.
• Required to attend training sessions as appropriate.
• Required to travel as needed.
• Performs other duties as assigned.

Qualifications, Skills, and Experience

• High School plus 3-5 years related experience OR related business degree
• Strong communication and analytical skills with a refined attention to detail
• Ability to perform well and keep up responsibilities in a high volume, fast paced working environment
• Must have the ability to multitask while staying organized
• Must have strong verbal and written communication skills to deliver strongly supported decisions
• Proficient computer skills with a high level of computer literacy for various core operating systems
• Must present a professional appearance
• Ability to work flexible hours as needed

Universal Behaviors

Knowledgeable and Experienced

I promise to take personal ownership for learning and using that knowledge to provide value to those that I serve by:

• Looking for answers until I find them.
• Seeking opportunities to learn from others.
• Appreciating and respecting others’ views.
• Acknowledging mistakes and learning from them.
• Going out of my way to share my knowledge and experience.

Striving for Operational Consistencies

I promise to make it easy for you through consistency, efficiency, and accuracy by:

• Doing it right the first time, being thorough and accurate.
• Taking pride and ownership in my work
• Making and keeping commitments.
• Continuing to look for better ways to do things and challenging the status quo.

Rewarding Work Environment

I promise to show care, compassion, and respect toward everyone I interact with by:

• Being approachable and accessible to others.
• Creating a pleasant work environment for each other.
• Always asking what more I can do.
• Resolving differences promptly
• Recognizing the contributions of others.
• Embracing diversity in the workplace.

Committed to Member Service

I promise to deliver exceptional member service by:

• Interacting with a natural and genuine friendliness.
• Being courteous and respectful.
• Creating a welcoming environment.
• Exceeding your expectations.
• Sharing the moment and finding common ground.