Consumer Loan Underwriter
Company: City of Boston Credit Union
Location: Boston
Posted on: February 13, 2026
|
|
|
Job Description:
Job Description Job Description Description: OVERVIEW The
Consumer Loan Underwriter is responsible for evaluating and
underwriting consumer loan applications, including auto loans,
personal loans, credit cards, and other unsecured credit products.
This role ensures that all lending decisions comply with internal
policies, regulatory guidelines, and risk management standards
while supporting the credit union’s mission to serve its members.
RESPONSIBILITIES Loan Application Review: Evaluate consumer loan
applications to determine creditworthiness and adherence to lending
policies. Analyze credit reports, income documentation, and other
relevant financial information. Risk Assessment: Assess the level
of risk associated with each loan application. Make recommendations
for loan approvals or denials based on established criteria.
Compliance: Ensure compliance with federal, state, and local
lending laws and regulations. Stay updated on changes in regulatory
requirements and adjust underwriting practices accordingly.
Communication: Collaborate with branch staff, members, and other
stakeholders to gather additional information when necessary.
Communicate underwriting decisions to relevant parties in a clear
and timely manner. Documentation: Maintain accurate and thorough
documentation of the underwriting process. Ensure that all required
documentation is collected and retained in accordance with
regulatory guidelines. Customer Service: Provide support to all
staff by offering insights into underwriting decisions. Address
inquiries from members regarding the underwriting process
professionally and courteously. Prepare weekly/monthly reports for
management, Credit Committee, and the Board, as needed. Additional
duties as assigned by management. Requirements: • Bachelor's degree
in finance, business, or a related field or equivalent working
experience • 2 years’ experience underwriting consumer loans in a
credit union or banking environment. • Strong understanding of
consumer lending practices, credit analysis, and risk assessment. •
Familiarity with loan origination systems and financial software. •
Excellent analytical and problem-solving skills. • Attention to
detail and a commitment to accuracy. • Effective communication and
interpersonal skills.
Keywords: City of Boston Credit Union, Chelsea , Consumer Loan Underwriter, Accounting, Auditing , Boston, Massachusetts
