Consumer Lending Underwriter II

Application deadline is 5 days after the date the role was posted.

Thank you for your interest in Bellco Credit Union! We’re a local not-for-profit organization that has been giving back to our members, the communities we serve, and of course, our employees since 1936. Offering one of the best employee benefits packages around, Bellco is a leader in fostering, developing, and engaging staff to become expert financial-service ambassadors. You’re a part of something more at Bellco—a place you can be proud of.

LOCATION: Corporate DIVISION: SVP - CLO

Function Description

The Consumer Lending Underwriter II is responsible for reviewing and analyzing secured and unsecured consumer loan applications received through direct and/or indirect channel to determine whether applicants meet financial and creditworthiness criteria. This role assesses the risk associated with approving a loan by evaluating the borrower’s income, credit history, employment history, and debt-to-income ratio. The Consumer Lending Underwriter II ensures compliance with internal guidelines and all applicable state and federal regulatory requirements to make sound credit decisions. Additionally, this position provides advanced technical expertise, assists in training less seasoned team members as needed, and strives to deliver exceptional service to all members as part of the Consumer Lending Underwriting team. In addition to primary duties related to consumer loan underwriting, the Consumer Lending Underwriter II is cross-trained to provide backup underwriting support for overflow home equity loan applications, ensuring timely decision-making and exceptional member service during periods of high demand.

Organizational Relationships

Reports to: Senior Manager – Consumer and Mortgage Underwriting

Supervises: No direct reports

Contacts: All levels of credit union employees, internal and external auditors, vendors and members

Qualifications/Requirements

Experience:

• Minimum 3 years’ experience in underwriting, preferably with Consumer Lending experience
• Knowledge of general lending guidelines including state, federal and fair lending
  
  

Education: Bachelor’s degree in related field or equivalent experience preferred

Skills

• Ability to work with a high degree of confidentiality
• Ability to adjust and effectively incorporate changes to guidelines and procedures in a timely manner
• Thorough understanding of credit reporting and credit analysis
• Proven ability to analyze income documentation including personal and business tax returns and complete a cash flow analysis.
• Ability to apply guidelines and lending matrices
• Ability to review member data in Core system
• Working knowledge of home equity processing and state and federal lending guidelines
• Proficient with Microsoft Office (Word, Excel, Outlook).
• Strong analytical and decision-making skills.
• Strong attention to detail.
• Organized and ability to handle fast paced environment with time management skills with the ability to prioritize workload.
• Strong communication skills both verbal and written.
• Demonstrates strong analytical/problem solving and time-management skills.
• Ability to work flexible hours
  
  

Essential Functions

• Demonstrates Bellco’s Act Nice Behaviors and Core Values in all interactions with members, prospective members, and personnel in other Bellco departments while holding staff accountable to standards.
• Responsible for managing the loan pipeline and completing work within established Service Level Agreement (SLA) standards. The Consumer Loan Underwriter II may handle increased production volumes due to advanced expertise.
• Reviews and analyzes secured and unsecured loan applications by evaluating credit reports, income documentation, assets, and collateral valuations to ensure compliance with lending policies and risk standards.
• Reviews and analyzes home equity loan applications as needed.
• Responsible for accurate math computations including but not limited to income, debt to income ratios, loan to value ratios and combined loan to value ratios.
• Ensure compliance with regulatory, and Agency requirements including but not limited to RESPA, Homeowner’s Protections Act of 1998, SCRA, Fair Credit Legislation, HMDA, and CFPB.
• Makes sound lending decisions, including approvals and denials, within granted lending authority based on thorough analysis and in compliance with policies and regulatory guidelines.
• Ensure lending guidelines and policies are applied consistently, fairly, and without bias across all decisions and processes.
• May be asked to support compliance reviews, participate in internal audits, and contribute to organization-wide initiatives aimed at improving processes and ensuring regulatory adherence.
• May be required to provide Quality Control support and perform activities to ensure accuracy, compliance, and adherence to established standards.
• Demonstrate the ability to manage fluctuating workloads and tasks, including periods of high volume, while maintaining accuracy and efficiency.
• May identify training needs for team members and lead on-the-job training to enhance skills and ensure adherence to standards.
• Maintain accurate and detailed records of underwriting decisions, including the rational used, and complete necessary activities.
• Ensure member satisfaction within all loan channels and points of contact with frontline, back-office staff and members.
• Report vendor performance and service standards to the management team, as necessary.
• Cross-functional collaboration working with other underwriters, loan processors, branch staff to resolve complex scenarios and ensure a smooth, efficient process.
• Maintains regular and punctual attendance with flexibility to work varying hours, including rotating holidays and Saturdays as required.
  
  

Management retains the discretion to add to or change the duties of the position as business need dictates.

Working Conditions

Office environment.

Hybrid working environment may be considered.

Bellco Credit Union provides a comprehensive benefits package to employees, including: Medical, Dental, Vision, 401 (k) with company match, Supplemental Life Insurance, Paid Vacation, Paid Sick Days, and Paid Holidays.

In addition to base compensation, Bellco Credit Union offers bonuses for the following roles:

Non-exempt branch roles may earn monthly bonuses for meeting production goals and quarterly bonuses for meeting team goals.

Exempt branch roles may earn quarterly bonuses for production and team goals.

Exempt non-branch management roles may be eligible for an annual managerial bonus.

Non-branch non-management roles may be eligible for on-the-spot bonuses for extraordinary performance.