Loan Underwriter
Coastal Community FCU, Galveston, TX, United States
Description
The Loan Underwriter is responsible for evaluating loan applications and determining credit worthiness in accordance with internal policies, regulatory requirements, and sound lending practices. This position analyzes financial information, assesses risk, and ensures loans are structured to protect the financial institution while serving member needs.
Requirements Essential Duties and Responsibilities
Review, analyze, and underwrite consumer, mortgage, business and/or commercial loan applications
Evaluate credit reports, income documentation, tax returns, bank statements, appraisals, and collateral documentation.
Assess borrower capacity, credit history, collateral adequacy, and overall risk profile.
Ensure compliance with federal and state lending regulations (e.g Fair Lending, TRID, HMDA, ECOA, Reg B).
Make approval, denial, or counteroffer decisions within assigned lending authority.
Provide detailed loan stipulations and communicate conditions to lending staff.
Work closely with loan officers, processors, and branch staff to gather additional documentation.
Maintain documentation and decision rationale in loan file.
Monitor and manage pipeline to ensure timely decisions and service level standards.
Identify potential fraud or misrepresentation concerns.
Assist with audits and regulatory examinations as required.
Recommend policy improvements based on underwriting trends and risk patterns.
Qualifications Education and Experience
Bachelor’s degree in finance, Business, Accounting or related field preferred.
3-5 years of underwriting experience (consumer, mortgage, and/or commercial).
Experienced in a bank or credit union environment preferred.
Knowledge and Skills
Strong understanding of credit analysis and risk assessment
Knowledge of lending regulations and compliance requirements.
Ability to analyze financial statements and tax returns.
Excellent analytical and decision-making skills.
Strong written and verbal communication skills.
Detail-oriented with strong organizational abilities.
Proficiency in loan origination systems and Microsoft Office.
Competencies
Sound judgment
Risk assessment and mitigation
Regulatory compliance awareness
Time Management
Collaboration and communication
Confidentiality and discretion
Physical Requirements
Prolonged periods of sitting at a desk and working on a computer.
Occasional lifting of files up to 20lbs
Work Environment
Office environment within a financial institution
Standard business hours with occasional extended hours based on loan volume.
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Requirements Essential Duties and Responsibilities
Review, analyze, and underwrite consumer, mortgage, business and/or commercial loan applications
Evaluate credit reports, income documentation, tax returns, bank statements, appraisals, and collateral documentation.
Assess borrower capacity, credit history, collateral adequacy, and overall risk profile.
Ensure compliance with federal and state lending regulations (e.g Fair Lending, TRID, HMDA, ECOA, Reg B).
Make approval, denial, or counteroffer decisions within assigned lending authority.
Provide detailed loan stipulations and communicate conditions to lending staff.
Work closely with loan officers, processors, and branch staff to gather additional documentation.
Maintain documentation and decision rationale in loan file.
Monitor and manage pipeline to ensure timely decisions and service level standards.
Identify potential fraud or misrepresentation concerns.
Assist with audits and regulatory examinations as required.
Recommend policy improvements based on underwriting trends and risk patterns.
Qualifications Education and Experience
Bachelor’s degree in finance, Business, Accounting or related field preferred.
3-5 years of underwriting experience (consumer, mortgage, and/or commercial).
Experienced in a bank or credit union environment preferred.
Knowledge and Skills
Strong understanding of credit analysis and risk assessment
Knowledge of lending regulations and compliance requirements.
Ability to analyze financial statements and tax returns.
Excellent analytical and decision-making skills.
Strong written and verbal communication skills.
Detail-oriented with strong organizational abilities.
Proficiency in loan origination systems and Microsoft Office.
Competencies
Sound judgment
Risk assessment and mitigation
Regulatory compliance awareness
Time Management
Collaboration and communication
Confidentiality and discretion
Physical Requirements
Prolonged periods of sitting at a desk and working on a computer.
Occasional lifting of files up to 20lbs
Work Environment
Office environment within a financial institution
Standard business hours with occasional extended hours based on loan volume.
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