City of Boston Credit Union · 1 month ago
Consumer/Home Equity Underwriter
United States
Full-time
Remote
Mid Level
3+ years expCity of Boston Credit Union is seeking a Consumer/Home Equity Underwriter responsible for evaluating and underwriting consumer loan applications, ensuring compliance with internal policies and regulatory guidelines. This role involves risk assessment, collaboration with stakeholders, and maintaining documentation while supporting the credit union’s mission to serve its members.
BankingFinanceFinancial Services
Responsibilities
Evaluate and decision residential loan applications, including Home Equity loans/Lines, as well as consumer loan applications
Loan Application Review: Analyze and evaluate applications by determining creditworthiness and adherence to lending policies, analyzing credit reports, income documentation, and other relevant financial information
Risk Assessment: Assess the level of risk associated with each loan application. Make recommendations for loan approvals or denials outside of lending authority, based on established criteria
Compliance: Ensure compliance with federal, state, and local lending laws and regulations. Stay updated on changes in regulatory requirements and adjust underwriting practices accordingly
Communication: 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
Documentation: Maintain accurate and thorough documentation of the underwriting process. Ensure that all required documentation is collected and retained in accordance with regulatory guidelines
Customer Service: 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
3+ years' experience underwriting consumer loans and Equity loans/lines in a credit union or banking environment
Strong understanding of residential and consumer lending practices, credit analysis, and risk assessment
Familiarity with loan origination systems and financial software
Thorough knowledge of TRID, HMDA, Reg B, and Fair Lending regulations
Excellent analytical and problem-solving skills
Attention to detail and a commitment to accuracy
Effective communication and interpersonal skills
Bachelor's degree in finance, business, or a related field or equivalent working experience
Preferred
NMLS registration is preferred or ability to obtain
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