Black Hills Federal Credit Union · 10 hours ago
Consumer Loan Underwriter I
Rapid City, SD
Full-time
Hybrid
Entry, Mid, Senior Level
1+ years expBlack Hills Federal Credit Union is committed to improving the lives of its members through a cooperative structure that promotes mutual assistance. The Consumer Loan Underwriter I role involves assessing credit risk, determining loan eligibility, and making informed lending decisions while ensuring compliance with regulations.
AccountingConsultingCredit BureauFinanceFinancial ServicesLending
Responsibilities
Assess credit risk on incoming applications in both Symitar and MeridianLink
Determine financial eligibility for credit using specified limits
Complete income verification or financial document analysis of paystubs, income statements and tax returns when necessary
Monitor and adapt to changes in lending legislation and institutional guidelines to support compliant and informed decision-making
Ensure loan production and decision-making align with team benchmarks and performance standards
Ensure credit decisions are accurate and well documented
Consistently meet or surpass performance expectations established by the Credit Union, department, and individual objectives
Make sound and detailed recommendations on loans outside of specified limits
Utilize lending tools to evaluate collateral value and assign finance limits to the loan within determined limits
Consistent monitoring and actively engaged in working underwriting queues to ensure timely action is taken on all requests
Participate in peer loan review. Collaborate with fellow underwriters to review loan decisions for consistency and alignment with lending policies. This process serves as an internal control mechanism to ensure sound lending practices and uniform decision-making across the team
Make informed lending decisions by thoroughly evaluating financial data, assessing borrower creditworthiness, and analyzing loan structure. Ensure all underwriting actions adhere to federal and state regulations—including but not limited to ECOA, FCRA, TILA—as well as internal lending policies and risk guidelines
Exercise independent lending authority within approved limits and manage escalations for complex or borderline applications. Provide clear rationale and documentation for decisions and collaborate with senior leadership on exceptions or overrides
Support audit preparation and contribute to quality control strategies that enhance consistency, accuracy, and long-term portfolio integrity
Monitor loan performance trends through reporting and contribute to portfolio risk management strategies
Research account information or discrepancies to include follow up for information correction as needed
Perform other duties as assigned by the Consumer Loan Underwriting Manager and VP of Consumer Lending
Qualification
Required
Two-year college level of language, math and reasoning skills
One to Three years of relevant experience required
Ability to understand and follow complex written and oral instructions
Ability to work in a high pressure, fast paced, and detail-oriented environment
Ability to comprehend complex functions and procedures and to be able to disseminate that knowledge in a clear and understandable format to others
Ability to communicate professionally clearly and concisely, both orally and in writing
Ability to prepare and maintain confidential records and reports
Ability to gather, assemble, correlate, and analyze financial data and develop solutions
Ability to analyze statistics and financial data
Ability to assess and prioritize requests to ensure that all members receive the highest quality service possible
Ability to interact with other credit union areas and vendors in a professional manner
Ability to work within precise standardized guidelines
Ability to take initiative to resolve problems or unique circumstances
Must maintain the ability to interact with leadership in other areas, dealers, vendors and team members with a calm and professional approach at all times
Vision: A sighted person to handle cash transactions and verify financial transactions
Speech/Hearing: Ability to communicate verbally and in writing with staff, members and vendors
Manual Dexterity: Ability to perform necessary computer-related input
Physical Mobility: Limited mobility required. Requires the ability to work flexible hours
Company
Black Hills Federal Credit Union
Black Hills Federal Credit Union is a not-for-profit organization that provides services on insurance, finance investments and lending.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Jarrod Reisner, CPA
Chief Financial Officer
Holly Jones, CUDE, SHRM-SCP, MBA, SPHR
SVP/CAO
Recent News
2024-02-20
The Brookings Register
2023-12-25
Rapid City Journal
2023-12-25
Company data provided by crunchbase