Consumer Loan Underwriter

Wintrust • Rosemont, IL

8d

About The Position

The Consumer Loan Underwriter processes applications, underwrites loans, and recommends loan decisions based on established credit policies, procedures, and regulatory requirements. The role balances lending risk, compliance, and customer experience, and resolves discrepancies or issues in loan files in a timely and professional manner. The underwriter must be organized, skilled at problem solving, and able to work in a fast-paced environment.

The position verifies application information and supporting documents, completes due diligence, assesses applicants’ creditworthiness and overall risk, and determines loan decisions such as approval, denial, counteroffer, or approval with conditions. It also maintains decision records, follows policies and service-level agreements, and supports affiliated charters in building strong customer relationships.

Requirements

• 3–5 years of relevant experience.
• Knowledge and understanding of consumer lending, loan terms, credit underwriting, and consumer lending regulations.
• Strong written and verbal communication skills.
• Strong organizational skills and ability to multitask effectively.

Nice To Haves

• Bachelor’s degree preferred.

Responsibilities

• Verify the accuracy and completeness of applications and supporting documents, including signatures, financial information, collateral eligibility, permissible loan purpose, and insurance.
• Complete due diligence, including fraud, BSA and MLA screening, borrower eligibility, income and employment verification, and review of the bank relationship.
• Issue an incomplete letter when additional borrower information is needed.
• Assess creditworthiness using credit reports, application information, and income documentation; calculate debt-to-income and loan-to-value ratios and determine applicant risk.
• Identify alternative financing options for borrowers who do not qualify for their original requests.
• Make timely loan decisions—including approval, denial, counteroffer, or approval with conditions—in accordance with regulatory requirements.
• Present loan decisions under established procedures and underwriting criteria, applying delegated credit authorities under Wintrust policies.
• Issue adverse action notices when required.
• Maintain detailed and accurate records of decisions and supporting analysis.
• Follow established policies and procedures and maintain service-level agreements.
• Work with and support affiliated charters to help build strong customer relationships.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Accidental death and dismemberment insurance
• Short-term and long-term disability insurance
• Parental leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical illness insurance
• Accident insurance
• Transportation and commuting benefits
• Banking benefits
• Pet insurance
• Tuition reimbursement
• Annual bonus eligibility
• Competitive pay

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed