Consumer Loan Underwriter

BECU • WA

318d • $24 - $44

About The Position

As a Consumer Loan Underwriter at BECU, you’ll play a vital role in helping members achieve their financial goals by ensuring fair, transparent, and accurate loan decisions. Your expertise in consumer lending will empower members while supporting BECU’s commitment to financial health. You’ll collaborate across teams and channels, including indirect dealers, to make informed lending decisions that balance member needs with sound underwriting principles.

Requirements

• Bachelor’s degree in business required or equivalent work or education-related experience.
• Minimum three years of lending related experience required.
• Ability to make sound credit recommendations and decisions required.
• Mathematical skills, with a high degree of accuracy required.
• Verbal and written skills to effectively communicate in the English language required.
• Ability to effectively problem solve and troubleshoot difficult member situations required.

Nice To Haves

• One year of consumer lending underwriting experience to include all secured, unsecured, indirect, and home equity products and appraisal underwriting preferred.

Responsibilities

• Analyze, evaluate, and underwrite loans within your designated lending authority, ensuring compliance with BECU’s lending policies, underwriting guidelines, and procedures.
• Stay current on BECU loan policies, real estate lending practices, and both state and federal regulations to make sound loan decisions.
• Approve, counteroffer, or deny loans and credit lines while clearly communicating loan decisions and providing alternatives when appropriate.
• Ensure loan applications receive timely and efficient processing, offering clear explanations of decisions and credit criteria when needed.
• Partner with dealerships through the Indirect Lending Channel to purchase loans within service standards while resolving issues with professionalism and courtesy.
• Assess members’ financial situations and recommend loan restructuring options, ensuring applications are complete and all relevant details are considered.
• Evaluate credit reports, tax returns, and cash flow statements to support accurate lending decisions.
• Act as a point of contact for member and dealer issues within your lending authority, ensuring resolutions are timely and thorough.
• Identify workflow enhancements and suggest process improvements to increase efficiency and service quality.
• Stay well-versed in BECU’s consumer loan products, automated scoring systems, and lending matrices to make effective lending recommendations.
• Participate in team initiatives, service level monitoring, and productivity assessments to help BECU continuously improve.

Benefits

• Medical, dental, vision and life insurance coverage.
• Disability and AD&D insurance.
• Health care and dependent care flexible spending accounts.
• Health savings accounts.
• 401k plan and employer-funded retirement plan.
• Accrue 6.16 hours of paid time off (PTO) on a per pay period basis (up to a maximum of 160 PTO hours per year).
• Receive ten paid holidays throughout the calendar year.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Bachelor's degree