Consumer Loan Underwriter

Key Responsibilities

• Review and underwrite consumer loan and credit card applications using credit reports, income documentation, and other relevant financial data
• Assess borrower creditworthiness, ability to repay, and overall risk exposure
• Make approval, counteroffer, or decline decisions within assigned authority levels
• Ensure underwriting decisions comply with internal credit policy, regulatory requirements, and fair lending standards
• Analyze credit bureau data, income verification, debt-to-income ratios, and other risk indicators
• Document underwriting decisions clearly and accurately in underwriting systems
• Communicate with internal partners to resolve application issues or obtain additional documentation
• Identify potential fraud or misrepresentation and escalate concerns as needed
• Meet productivity, quality, and turnaround time expectations
• Participate in audits, quality reviews, and ongoing training to stay current on policy changes and regulations

Required Qualifications

• 2 years of experience underwriting consumer credit products (personal loans, credit cards, or unsecured consumer lending)
• Strong knowledge of consumer credit principles, credit scoring, and risk assessment
• Experience reviewing credit reports (e.g., FICO), income, and debt calculations
• Familiarity with consumer lending regulations (e.g., Fair Lending, ECOA, FCRA, UDAAP)
• Strong analytical and decision-making skills
• High attention to detail with the ability to manage multiple applications simultaneously
• Proficiency with underwriting systems and standard office software

Preferred Qualifications

• Experience underwriting across multiple consumer products
• Prior experience in a high-volume or fast-paced underwriting environment
• Bachelor’s degree in Finance, Business, or a related field
• Experience working in a regulated financial institution or large bank