Consumer Loan Underwriter
On-siteRomulus, Michigan, United States
Job Summary
Review and underwrite consumer loan applications for auto loans, personal loans, home equities, and lines of credit. Analyze credit reports, income documentation, debt-to-income ratios, and loan-to-value ratios to assess credit risk. Make lending decisions within assigned authority levels or recommend decisions to senior underwriters when required. Ensure compliance with internal policies, regulatory requirements such as BSA and Fair Lending, and secondary lending guidelines. Communicate loan decisions clearly to internal staff and members, offering alternative solutions when appropriate. Collaborate with Branch staff to gather documentation and maintain accurate records in the loan origination system. Participate in quality reviews, audits, and process improvement initiatives.
Required Qualifications
- High school diploma or GED
- 1+ year of experience in a financial institution
- Knowledge of lending regulations and compliance requirements
- Ability to analyze financial information and assess credit risk
- Strong attention to detail, organization and decision-making skills
- Excellent verbal and written communication skills
- Proficiency with Microsoft 365 applications, including Outlook, Word, Excel, Teams, and SharePoint
- Ability to manage multiple priorities in a fast-paced environment
- Demonstrated integrity, professionalism, and strong work ethic
- Ability to work independently and as part of a team
Desired Qualifications
- Consumer lending or underwriting experience
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