Consumer Loan Underwriter

Overview

This remote position is open to candidates residing in Washington (WA) or Oregon (OR). The role supports underwriting for a variety of consumer loan products and includes regular decision-making within established credit authority limits and credit union policies.

Schedule: Monday through Friday, with rotating Saturdays or Sundays from 9am to 6pm.

Responsibilities

• Analyze loan applications, credit bureau reports, collateral evaluations, member account data, financial statements, tax returns, and other loan documentation to make lending decisions across a variety of consumer loan products.
• Ensure lending decisions align with fair lending requirements, regulatory compliance, and established credit union policies and procedures.
• Review loans for accuracy and approve or deny loans based on risk factors within approved authority.
• Review underwriting decisions with the appropriate leadership contact (Loan Production Manager, Consumer Loan Underwriting Manager, or Underwriter Lead) as needed.
• Communicate loan decisions (approve, counteroffer, or decline) to the appropriate lending channel.
• Foster and maintain positive relationships with dealer and merchant partners through verbal and written communication.
• Serve as a resource on consumer loan products/services by responding to internal and external loan-related member questions and researching issues as needed.
• Stay current on lending product updates, criteria, guidelines, procedures, policies, and processes to support sound underwriting decisions.
• Perform other duties as assigned.

Requirements

• Minimum two (2) years of consumer lending processing and underwriting experience.
• Proficiency in credit scoring models and loan underwriting guidelines.
• Knowledge of credit union policies, procedures, processes, and Core Values.
• Knowledge of deposit operations including BSA, Reg. CC, DD, E, D, and Q.
• Expertise in Fair Credit Reporting, Fair Lending, and Debt Collection Practices, with compliance knowledge of federal, state, and local laws, statutes, regulations, and standards.
• Familiarity with Truth in Lending Regulations (Z, E, and B).
• Expertise in loan collateral types and their role in determining loan qualifications.
• In-depth knowledge of loan services, features, and benefits offered by the credit union.
• Ability to actively learn and apply new information to support effective decision-making and problem-solving.
• Ability to seek opportunities to assist members, dealer partners, and coworkers.
• Ability to establish and maintain strong relationships with credit union staff and dealer/merchant partners.
• Ability to perform effectively in environments with frequent changes in work volume and competing demands.
• Ability to research job-related functions, find solutions, and make sound decisions within the scope of responsibilities.
• Maintain a high standard of confidentiality and attention to detail.
• Ability to work independently or as part of a team, adapting to shifting priorities in a high-pressure environment.
• Provide excellent customer service in both written and oral communication.

Compensation & Benefits

Pay Range:

• Target annual pay range: $68,992 to $78,400
• Full annual pay range: $62,720.00 to $94,080.00

Compensation decisions are based on factors such as relevant job-related skills, experience, and education or training. If an offer is made, individual qualifications will be considered.

Incentives:

• In addition to salary, performance-based compensation incentives may be available; targets vary by role.

Total Rewards (Full-Time Regular):

• Medical, dental, vision, and life insurance coverage
• Option for Medical, Dental, and Vision insurance paid at 100% for employee-only coverage
• Health Care FSA (HCFSA)
• Health Savings Account (HSA) with employer contributions
• Dependent Care FSA (DCFSA)
• Life and AD&D insurance
• Access to a 401(k) plan
• Vacation and sick leave accrual: 8 hours vacation and 8 hours sick leave monthly
• Paid holidays for Full-Time Regular employees: 11 paid holidays throughout the calendar year
• 1 floating holiday, 16 hours of self-care time, and 16 hours of volunteer time
• Benefits (except 401k) start the first of the month following date of hire
• 401(k) eligibility to contribute begins the first of the month following 60 days of employment

Location

• Remote role open to candidates residing in Washington (WA) or Oregon (OR).

Additional Information

• Participation in E-Verify to confirm identity and employment eligibility of all persons hired to work in the United States.
• Equal Opportunity and Affirmative Action Employer: all qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status, and without discrimination on the basis of disability.
• Applicants with disabilities who need a reasonable accommodation to search for a job opening or to submit an application should request assistance through the designated accommodations process.