City of Boston Credit Union · 1 month ago
Consumer Loan Underwriter
Boston, MA
Full-time
Onsite
Entry, Mid Level
2+ years expCity of Boston Credit Union is seeking a Consumer Loan Underwriter responsible for evaluating and underwriting consumer loan applications. The role involves ensuring compliance with lending policies and regulations while supporting the credit union's mission to serve its members.
BankingFinanceFinancial Services
Responsibilities
Evaluate consumer loan applications to determine creditworthiness and adherence to lending policies
Assess the level of risk associated with each loan application
Ensure compliance with federal, state, and local lending laws and regulations
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
Maintain accurate and thorough documentation of the underwriting process
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
Qualification
Required
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
Company
City of Boston Credit Union
City of Boston Credit Union offers consumer, home & equity loans and other banking services.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase