HORIZON CREDIT UNION Consumer Loan Underwriter Salary in the United States

How much does an Consumer Loan Underwriter make at companies like HORIZON CREDIT UNION in the United States? The average salary for Consumer Loan Underwriter at companies like HORIZON CREDIT UNION in the United States is $48,483 as of February 26, 2024, but the range typically falls between $44,740 and $52,226. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities2

About HORIZON CREDIT UNION

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What does an Consumer Loan Underwriter do at companies like HORIZON CREDIT UNION?

YOUR PURPOSE

Uses knowledge and independent judgment to determine loan risk eligibility in conjunction with regulations, guidelines, policies and programs available. Examines, evaluates, and authorizes approval or denial of borrower's applications for credit or extension of lines of credit, home loan products, consumer credit loans, or credit card accounts by performing the following duties.

YOU ARE RESPONSIBLE FOR

Underwriting Analysis

  • Analyzes applicant credit data, financial status, financial statements, and property evaluation to determine the degree of risk involved in extending credit or lending money.
  • Evaluates member records and approves payment plans based on earnings, savings data, payment history and overall credit activity.
  • Ensures loan decisions are timely, complete and in accordance to policy and requirements set out in regulation.
  • Generates financial ratios, using computer programs, to evaluate member financial status.
  • Reviews and updates credit and loan files.
  • Contacts loan interviewers to obtain further information, present data or explain policy or procedures
  • Stays abreast of policy and procedure changes as well as new loan types.

SUCCESS LOOKS LIKE

  • Assists in attaining the lending goals and objectives of the credit union.
  • Professional approach to assessing the credit needs of members while observing the established lending policies and guidelines.
  • Professional appearance and attitude as well as the ability to communicate effectively.

EXPERTISE YOU NEED

Education & Experience

Associate's degree (A. A.) or equivalent from two‑year college or technical school; or one to two years’ related experience and/or training; or equivalent combination of education and experience. Related work experience may substitute for education.

Capabilities

  • Ability to read and interpret documents such as credit bureau reports, debt to income ratio reports, policy and procedure manuals.
  • Ability to write routine reports and correspondence.
  • Ability to speak effectively with borrowers and other employees of organization.
  • Able to communicate effectively by telephone.
  • Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
  • Ability to compute rate, ratio, and percentages.
  • Ability to solve practical problems and deal with a variety of concrete variables in situations where a considerable amount of standardization exists.
  • Ability to interpret a variety of instructions furnished in written form, including but not limited to Loan Policy and Procedural Manuals, Regulation Z, Section 91 ‑ The Fair Credit Reporting Act, and UCC.

ABLE TO…

To perform the essential functions of this position an employee must be able to meet the following work place demands: ability to converse with others, detect sound, identify and detect objects, count, read, write, operate a computer, handle and feel objects, reach with hands/arms and be stationary and/or stand and/or move for long periods of time. Occasionally an employee will lift/pull/push and carry up to 25 to 50 pounds, stoop, kneel, crouch, crawl, climb and be able to maintain balance doing these activities. Position requires sound reasoning, good judgement and ability to apply knowledge toward work activities. The noise level is moderate and typical of a normal office environment. In accordance with the Americans with Disabilities Act, Horizon Credit Union will provide reasonable accommodation/s to qualified individuals with disabilities to perform the essential functions, unless such accommodations would cause the employer an undue hardship. To request an accommodation, please contact Human Resources.

ABOUT THIS JOB DESCRIPTION

The statements in this job description are intended to describe the essential functions and minimum qualifications for this position and are not intended to be an exhaustive list of all responsibilities, duties and skills required. Job descriptions are not intended nor do they create an employment contract and are subject to change at any time to accommodate business necessity. The Credit Union maintains its status as an at-will employer where applicable. In support of Horizon CU’s goals employees may perform other duties as assigned and all employees are expected to:

  • Exemplify our CORE Values
  • Promote teamwork and collaboration
  • Provide our members with the highest quality service

Job Type: Full-time

Schedule:

  • Day shift

Work Location: Multiple Locations

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$44,740 Low Average $48,483 High $52,226

Understand the total compensation opportunity for Consumer Loan Underwriter at companies like HORIZON CREDIT UNION, base salary plus other pay elements

Average Total Cash Compensation

Includes base and annual incentives

$44,740
$52,226
$48,483
The chart shows total cash compensation for the HORIZON CREDIT UNION Consumer Loan Underwriter in the United States, which includes base, and annual incentives can vary anywhere from $44,740 to $52,226 with an average total cash compensation of $48,483. Total compensation includes the value of any benefits received in addition to your salary and some of the benefits that are most commonly provided within a total compensation package including bonuses, commissions, paid time off, and Insurance. The total cash compensation may get paid differently by industry, location, and other factors.
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