Consumer Loan Underwriter

Wintrust Financial Corporation•Rosemont, IL

9d•$59,000 - $90,000

About The Position

The Consumer Loan Underwriter processes applications, underwrites loans, and recommends loan decisions in accordance with established credit policies, procedures, and regulatory requirements. The role balances lending risk, compliance, and customer experience, and resolves file discrepancies or issues in a timely and professional manner to support loan decisions. The position requires strong organization and problem-solving skills and the ability to work in a fast-paced environment. The underwriter verifies application details and supporting documents, completes due diligence and creditworthiness assessments, and determines decisions such as approval, denial, counteroffer, or approval with conditions. The role maintains accurate decision records, follows service-level agreements and established procedures, and works with affiliated bank charters to support 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 effectively multitask.
Ability to work in a fast-paced environment.

Nice To Haves

Bachelor’s degree preferred.

Responsibilities

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