City of Boston Credit Union · 1 month ago
Consumer Loan Underwriter
South Boston,MA,US
Full-time
Onsite
Entry, Mid Level
2+ years expCity of Boston Credit Union is dedicated to serving its members, and they are seeking a Consumer Loan Underwriter. This role is responsible for evaluating and underwriting consumer loan applications while ensuring compliance with internal policies and regulatory guidelines.
BankingFinanceFinancial Services
Responsibilities
Evaluate consumer loan applications to determine creditworthiness and adherence to lending policies. Analyze credit reports, income documentation, and other relevant financial information
Assess the level of risk associated with each loan application. Make recommendations for loan approvals or denials based on established criteria
Ensure compliance with federal, state, and local lending laws and regulations. Stay updated on changes in regulatory requirements and adjust underwriting practices accordingly
Collaborate with branch staff, members, and other stakeholders to gather additional information when necessary. Communicate underwriting decisions to relevant parties in a clear and timely manner
Maintain accurate and thorough documentation of the underwriting process. Ensure that all required documentation is collected and retained in accordance with regulatory guidelines
Provide support to all staff by offering insights into underwriting decisions. Address inquiries from members regarding the underwriting process professionally and courteously
Prepare weekly/monthly reports for management, Credit Committee, and the Board, as needed
Additional duties as assigned by management
Qualification
Required
Bachelor's degree in finance, business, or a related field or equivalent working experience
2+ years' experience underwriting consumer loans in a credit union or banking environment
Strong understanding of consumer lending practices, credit analysis, and risk assessment
Familiarity with loan origination systems and financial software
Excellent analytical and problem-solving skills
Attention to detail and a commitment to accuracy
Effective communication and interpersonal skills
Company
City of Boston Credit Union
City of Boston Credit Union offers consumer, home & equity loans and other banking services.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase