Consumer Lending Underwriter I

Eastern Bank•Wakefield, MA

3d•$52,114 - $83,755

About The Position

The Consumer Lending Underwriter I analyzes consumer credit files, verifies and documents income, confirms collateral sufficiency, and makes sound lending decisions within assigned authority. This role partners closely with business line stakeholders, escalates recommendations to senior underwriters as needed, and meets established service-level agreements while adhering to all regulatory requirements. Successful candidates bring strong analytical skills, including tax return and income analysis, and a working knowledge of business organizational structures. They are highly organized, able to manage multiple priorities, and comfortable working independently and collaboratively in a fast-paced environment.

Requirements

Underwriting experience with home equity, unsecured, and auto loans (preferred)
Strong communication, organization, multitasking, and relationship-building skills
Proficiency with standard office and underwriting systems; strong overall technical aptitude
Comfortable working in a fast-paced, high-volume environment

Responsibilities

Independently review loan requests for eligibility within the bank’s lending authority across Consumer Loan products, including Home Equity Lines of Credit, auto loans, unsecured loans, HEAT loans, personal lines of credit, and Cash Reserve
Underwrite files efficiently to meet established service-level agreements
Escalate and recommend approvals for requests exceeding assigned lending authority to senior underwriters
Review, analyze, and document all sources of income, including personal and business tax returns
Evaluate vendor reports related to title and valuation
Communicate clearly with branches, processors, and other partners regarding conditions and documentation requirements
Maintain thorough application notes and underwriting rationale throughout the loan life cycle
Ensure ongoing compliance with all bank policies, procedures, and applicable regulations
Update file status in underwriting systems and maintain clear, comprehensive file notes
Perform appraisal reviews in accordance with regulatory requirements
Participate in special projects and post-closing underwriting reviews as assigned
Maintain working knowledge of consumer lending regulatory guidelines