Consumer Loan Underwriter

First Fed • Port Angeles, WA

2d

About The Position

The Consumer Underwriter is accountable for underwriting, documenting, and closing consumer loans in accordance with regulatory requirements, internal policy, and portfolio standards. The role supports sound credit decisions, operational efficiency, and a high-quality customer experience, while serving as a resource to branch personnel on consumer lending programs and processes.

Role levels range from Junior Consumer Loan Underwriter, who provides underwriting support and has approval authority up to $50,000; to Consumer Loan Underwriter, who independently underwrites, processes, and closes consumer and wholesale loans with approval authority up to $250,000; to Senior Consumer Loan Underwriter, who provides mentorship and advanced credit expertise with approval authority up to $500,000.

Requirements

• High school diploma or equivalent required.
• Strong analytical, problem-solving, and decision-making skills.
• Sound judgment in credit and collateral evaluation.
• Ability to manage multiple priorities independently in a deadline-driven environment.
• High degree of initiative, accountability, and commitment to continuous learning.
• Junior Consumer Loan Underwriter: typically two years of related experience or equivalent internal experience.
• Consumer Loan Underwriter: typically two years of underwriting experience.
• Senior Consumer Loan Underwriter: typically five years of underwriting experience and ability to perform all duties in the Consumer Credit Department.

Nice To Haves

• Associate degree in accounting, finance, real estate, or a related field.

Responsibilities

• Underwrite and process consumer loans, ensuring complete documentation, regulatory compliance, and adherence to portfolio and wholesale guidelines.
• Review borrower credit, income, assets, collateral, pricing, and product eligibility to support sound credit decisions within assigned authority.
• Coordinate third-party reports and vendor activity, including title, flood, appraisal, and insurance requirements, to support timely loan closing.
• Prepare and review closing documents for accuracy, completeness, and compliance.
• Maintain current knowledge of lending programs, underwriting standards, policies, procedures, and systems.
• Partner across departments and provide guidance to branch personnel to support service excellence and consistent loan quality.
• Perform other related duties as assigned.
• At the senior level, provide mentorship and advanced credit expertise.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Paid time off
• Retirement plans, including a 401(k) with company match and Employee Stock Ownership Plan
• Gym membership reimbursement
• Discounts on banking products
• Quarterly Partnership Incentive Plan, Tier 2, with a 7.5% target payout

What This Job Offers

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