Consumer Loan Underwriter

Consumer Loan Underwriter

The Consumer Loan Underwriter is responsible for reviewing, assessing, and analyzing all aspects of a consumer loan application. This individual evaluates the risks of offering loans in order to approve / decline credit extension in addition to minimizing risk / loss.

Essential Job Functions :

• Evaluate and make independent decisions on credit, income, assets and risk to determine the income or probability of repayment for loan requests.
• Communicate the decisions (approvals / denials) of all credit applications to their appropriate parties.
• Provide loan support to all loan officers when necessary.
• Verify customer documentation for accuracy, completion, and adherence to policies and procedures.
• Establish documentation requirements on all approved applications that meet standards set by internal / external guidelines.
• Understand and comply with applicable Federal and State laws, banking regulations, and company policies and procedures.
• Prepare reports detailing risk assessment findings and other data that contribute to lending decisions.
• Perform other related duties as assigned.

Education and Skills Requirements :