Consumer Loan Underwriter

Forest Area Federal Credit Union • Fife Lake, MI

6d • Onsite

About The Position

Forest Area Federal Credit Union is seeking a detail-oriented, analytical Consumer Loan Underwriter to evaluate and decision consumer loan applications, including auto loans, personal loans, credit cards, and other products. The role supports responsible lending and member-focused service by making sound credit decisions that protect members and the credit union. The position is full-time and based at the Administrative Building in Fife Lake, Michigan.

The underwriter reviews applications and financial information, assesses creditworthiness and risk, and ensures decisions comply with internal policies and applicable laws and regulations. The role also involves communicating with applicants, collaborating with loan officers and management on complex cases, maintaining thorough records for audit readiness, and keeping current with industry and compliance changes.

Requirements

• Three to five years of experience in consumer lending or underwriting.
• High school diploma or GED.
• Proficiency in evaluating credit reports, financial statements, and loan applications.
• Knowledge of consumer loan products, including auto loans, personal loans, credit cards, and lines of credit.
• Strong understanding of consumer lending regulations, including TILA, ECOA, FCRA, and RESPA.
• Excellent communication, decision-making, and analytical abilities.
• Detail-oriented and organized, with solid time management skills.
• Comfort using loan origination systems, credit analysis tools, and Microsoft Office.

Responsibilities

• Review loan applications for accuracy, completeness, and compliance with internal policies.
• Analyze financial documentation, credit reports, and income data to assess creditworthiness.
• Evaluate risk using credit scoring models and risk management tools.
• Ensure lending decisions comply with applicable laws and regulations, including TILA, ECOA, and FCRA.
• Communicate with applicants to request documentation or explain loan decisions.
• Collaborate with loan officers and management on complex or high-value cases.
• Maintain thorough documentation and support internal audit readiness.
• Stay up to date with industry changes, products, and compliance standards.

Benefits

• Paid time off
• Paid holidays
• Ongoing training and professional growth opportunities
• Commitment to work-life balance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED