Consumer Loan Underwriter

EdFed
Miami, FL Full Time
POSTED ON 4/16/2024

Job Summary:

The Consumer Loan Underwriter provides underwriting of new consumer loans. The function includes the review of a member's loan request and review of all supporting documentation used for the underwriting of the loan for accurate decisions in accordance with credit union policies and procedures.

Duties & Responsibilities:

  • Evaluate consumer loan requests. Obtain and analyze credit reports and acceptable credit information.
  • Verify credit information when necessary. Determine debt to income ratio, unsecured ratio, collateral valuation and general loan quality.
  • Review all supporting documentation for accuracy and compliance of the loan application.
  • Decision loan applications promptly to ensure regulation requirements are adhered to.
  • Decision loan requests within lending authority as described in the Board Policy Manual.
  • Provide service excellence to members and co-workers.
  • Identify “2nd Approval” opportunities and document same in loan notes.
  • Assist the Credit Union in meeting loan volume, delinquency, and charge off targets.
  • Promote loan products and maintain knowledge of existing or pending loan promotions.
  • Complete all assigned annual compliance training and stay updated on all underwriting regulations.
  • Meet individual production goals as set by the Underwriting Supervisor

Salary.com Estimation for Consumer Loan Underwriter in Miami, FL
$45,742 to $58,160
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