CONSUMER LOAN UNDERWRITER SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Published: August 9, 2024 - The Consumer Loan Underwriter is equipped with extensive experience in analyzing complex data, including accounting principles, tax returns, and financial statements. This role demands proficient Microsoft Office skills, excellent communication abilities, and strong analytical acumen to articulate issues and solutions effectively across organizational levels. The position requires adeptness in managing multiple underwriting policies, with a strong focus on time management and collaborative teamwork within diverse team environments.

Essential Hard and Soft Skills for a Standout Consumer Loan Underwriter Resume
  • Credit Analysis
  • Risk Assessment
  • Financial Modeling
  • Regulatory Compliance
  • Loan Structuring
  • Underwriting Software
  • Data Analysis
  • Economic Insight
  • Documentation Review
  • Market Analysis
  • Decision Making
  • Attention to Detail
  • Communication
  • Problem Solving
  • Time Management
  • Team Collaboration
  • Adaptability
  • Negotiation
  • Customer Service
  • Critical Thinking

Summary of Consumer Loan Underwriter Knowledge and Qualifications on Resume

1. BA in Finance with 2 years of Experience

  • Knowledge of regulations and compliance with respect to consumer nonreal estate lending
  • Attention to detail and accuracy
  • Experience with consumer non-real estate underwriting 
  • Experience with the credit union 
  • Excellent verbal communication skills to communicate professionally.
  • A high degree of poise and tact to represent the credit union positively in outside contacts.
  • Ability to organize and prioritize work with minimum supervision.
  • High-quality work with minimum supervision
  • Excellent written skills
  • Working knowledge of computer programs including Microsoft Word, Outlook and Excel and the internet
  • Ability to operate or have the ability to be trained to operate related office equipment including calculator, computer terminal (PC), multifunction copier, receipt and check printers, and telephone.

2. BA in Accounting with 4 years of Experience

  • Experience in consumer lending underwriting (auto loans preferred)
  • Analytical skills with the ability to calculate lending ratios, conduct loan risk analysis, and properly identify credit issues, fraud and/or other associated lending risks
  • Strong business communication skills; able to write/speak clearly and professionally for a variety of audiences
  • Ability to work autonomously to manage time effectively and prioritize work appropriately to meet deadlines in a high-volume production environment
  • Strong analytical and problem-solving skills; ability to apply sound independent judgment
  • Comprehensive understanding of loan contracts including APR, amortization schedules, and simple interest calculations
  • Basic knowledge of credit union lending policy and lending regulations including Reg B, Reg Z, FACTA & FCRA, Equal Credit Opportunity Act (ECOA)
  • Intermediate knowledge of Microsoft Office Suite
  • Excellent analytical skills, with the ability to analyze documents, such as but not limited to paystubs, tax returns, credit reports, purchase and sales agreements, insurance binders, etc.
  • Excellent written and oral communication skills, with the ability to clearly support loan decisions being made
  • Excellent organizational and time management skills
  • Strong computer skills

3. BA in Business Administration with 3 years of Experience

  • Basic Microsoft Office skills
  • Strong analytical skills including analyzing complex data
  • Excellent verbal, written, and interpersonal communication skills
  • Ability to interact with all levels of an organization
  • Strong time management skills and ability to meet deadlines
  • Experience articulating issues, risks, and proposed solutions to various levels of staff and management
  • Experience analyzing accounting principles, tax returns, and business and personal financial statements
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Ability to underwrite to multiple underwriting policies and procedures simultaneously
  • Experience to include income and tax return analysis, knowledge of the various property valuation products, and title review
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