Job Summary The Loan Underwriter is responsible for evaluating, analyzing, and making sound credit decisions on consumer and/or Indirect Loan/Lease applications in accordance with the credit union's lending policies, procedures, regulatory requirements, and risk-management standards.
This position reviews borrowers' financial information, assesses creditworthiness and repayment capacity, verifies documentation, identifies potential risks, and ensures loans are structured appropriately. The Loan Underwriter balances prudent risk management with the credit union's commitment to providing members with fair, responsible, and service-oriented lending solutions.
Job Duties & Responsibilities
Review and underwrite consumer, D & M Leasing, Balloon loans and/or other loan applications based on assigned lending authority.
Analyze credit reports, income, employment, debt obligations, assets, collateral, and other relevant financial information.
Evaluate the borrower's ability and willingness to repay the loan.
Verify loan documentation and identify missing, inconsistent, or questionable information.
Apply the credit union's lending policies, underwriting guidelines, pricing requirements, and approval procedures consistently.
Make credit decisions within established lending authority and provide clear rationale for approvals, counteroffers, stipulations, or declines.
Identify and appropriately escalate loans presenting elevated credit, fraud, collateral, or compliance risk.
Ensure loan decisions comply with applicable federal and state laws and regulations, including fair lending and consumer protection requirements.
Review and approve loan exceptions in accordance with established exception authority and escalation procedures.
Communicate effectively with loan officers, processors, branch personnel, and other lending staff regarding underwriting decisions and documentation requirements.
Maintain accurate and complete underwriting notes and documentation in the loan origination system.
Assist lending staff in resolving underwriting questions and provide guidance regarding credit policy and documentation requirements.
Stay current on changes to lending regulations, credit union policies, underwriting standards, and industry practices.
Participate in quality-control, audit, compliance, and loan-review activities as requested.
Maintain confidentiality of member financial information and adhere to the credit union's information-security policies.
Help Loan Manager with Board Reports and credit card renewals.
Perform other duties as assigned.
Qualifications
High school diploma or equivalent.
[2–3] years of lending, loan underwriting, credit analysis, or related financial-services experience.
Strong understanding of consumer credit principles and loan underwriting practices.
Ability to analyze credit reports, financial statements, income documentation, and debt-to-income calculations.
Strong attention to detail and sound judgment.
Excellent written and verbal communication skills.
Ability to make independent credit decisions while following established policies and procedures.
Numbers & Facts
Location
Dallas, TX
Job Type
Full-time
Skills
Analysis Skillsunmatched
Communication Skillsunmatched
Consumer Loansunmatched
Consumer Protectionunmatched
Credit Analysisunmatched
Credit Cardsunmatched
Credit Reportsunmatched
Credit Riskunmatched
Credit Unionunmatched
Dental Insuranceunmatched
Detail Orientedunmatched
Documentationunmatched
Fair Lendingunmatched
Federal Laws and Regulationsunmatched
Financial Analysisunmatched
Financial Servicesunmatched
Financial Statementsunmatched
Health Insuranceunmatched
High School Diplomaunmatched
Industry Standardsunmatched
Information/Data Security (InfoSec)unmatched
Loan Approvalunmatched
Loan Documentsunmatched
Loan Policyunmatched
Loan Processingunmatched
Loan Regulationsunmatched
Loan Reviewunmatched
Loan Structuringunmatched
Loan Underwritingunmatched
Loansunmatched
People Managementunmatched
Policy Developmentunmatched
Presentation/Verbal Skillsunmatched
Procedure Developmentunmatched
Quality Controlunmatched
Regulatory Requirementsunmatched
Riskunmatched
Risk Analysisunmatched
Risk Managementunmatched
State Laws and Regulationsunmatched
Underwritingunmatched
Vision Planunmatched
Writing Skillsunmatched
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