AI SCORE 7.5

Consumer Loan Underwriter I or II - Remote Opportunity

$56K–$70K/year

About the Role

We are seeking a Consumer Loan Underwriter I or II to join our team at Rogue Credit Union. This remote position offers an exciting opportunity to contribute to our mission of providing exceptional member experiences. As a Consumer Loan Underwriter, you will be responsible for underwriting direct, indirect, and third-party consumer loans while adhering to established policies and procedures. You will work closely with front-line staff, dealer partners, and vendors to deliver member-focused solutions.

What You'll Do

  • Underwrite consumer loan requests within established credit guidelines and authority, ensuring timely communication of loan decisions to relevant parties.
  • Provide friendly and enthusiastic service to branches, departments, dealer partners, and vendors, enhancing the member's journey to financial well-being.
  • Coach and train front-line staff, fostering a supportive and collaborative work environment.
  • Take a lead role in troubleshooting problems and handling delicate situations with loan applicants and vendors.
  • Stay current on applicable regulations and credit union policies to ensure compliance in all lending activities.
  • Proactively perform other duties as assigned to support the Consumer Lending Department.

Requirements

  • 3-5 years of experience in a similar role, with a focus on consumer lending.
  • A high school diploma or GED is required.
  • Strong interpersonal skills with the ability to motivate and influence others.
  • Proficient computer and keyboarding skills, along with loan application and tax analysis skills.
  • Excellent judgment and decision-making abilities.
  • Good writing skills for documentation purposes.
  • Highly organized and productive with strong communication skills.

Nice to Have

  • Experience with loan underwriting software and tools.
  • Knowledge of credit union regulations and compliance requirements.
  • Previous experience in training or coaching staff.

What We Offer

  • Competitive salary range of $27-$34 per hour, commensurate with experience.
  • Flexible remote work options to promote work-life balance.
  • Opportunities for career growth and development within the organization.
  • A supportive and inclusive workplace culture.
  • Comprehensive benefits package, including health and wellness programs.
Why This Job7.5 of 10

This Consumer Loan Underwriter role offers a remote opportunity with Rogue Credit Union, providing competitive pay and a supportive work environment.

Salary Range
Required
0/1
Optional
0/1
Bonus
0/1

Who Will Succeed Here

Proficient in loan underwriting software and tools such as Encompass or Calyx, enabling effective analysis and approval of consumer loans.

Strong analytical mindset with a focus on credit risk assessment, ensuring compliance with policies while providing excellent customer service in a remote setting.

Adaptable problem solver who can efficiently navigate complex loan scenarios and communicate decisions clearly to both clients and team members in a virtual environment.

Learning Resources

Loan Underwriting Basicscourse

Career Path

Consumer Loan Underwriter I or II(Now)Senior Consumer Loan Underwriter(1-2 years)Manager of Loan Underwriting(3-5 years)

Market Overview

Market Size 2024
$10.5B
Annual Growth
8.2%
AI Adoption in Underwriting
45%
Investment in FinTech Solutions
+25%
Labour Demand for Underwriters
+15%
Avg Salary for Underwriters
$75K

Skills & Requirements

Required
Loan UnderwritingCredit AnalysisCustomer Service
Growing in Demand
Data AnalysisRisk ManagementRegulatory Compliance
Declining
Manual Underwriting ProcessesTraditional Credit Scoring Models

Domain Trends

Increased AI Integration
45% of financial institutions are adopting AI-driven underwriting tools to improve accuracy and speed.
Shift to Remote Work
70% of loan underwriters are now working remotely, leading to increased demand for digital communication tools.
Regulatory Changes
New regulations are emerging, with 60% of lenders adapting their underwriting processes to comply with evolving standards.

Industry News

Loading latest industry news...

Finding relevant articles from the last 6 months

All job postings are automatically gathered by algorithms. We do not review or verify listings, be careful when applying and do not sign-in with iCloud or Google services.