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City of Boston Credit Union · 1 month ago

Consumer Loan Underwriter

South Boston,MA,US

Full-time

Onsite

Entry, Mid Level

2+ years exp

City 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

Consumer lending practicesCredit analysisRisk assessmentLoan origination systemsFinancial softwareAnalytical skillsProblem-solving skillsAttention to detailCommunication skillsInterpersonal skills