Underwriter

Salary Range for Underwriter in Credit Unions

$50,000 - $80,000 per year

Sample Job Description for Underwriter in Credit Unions Industry

Job Description:

An Underwriter In A Credit Unions Company Is Responsible For Evaluating And Assessing Loan Applications To Determine Their Creditworthiness And Suitability For Approval. They Analyze Financial Information, Credit Reports, And Other Relevant Documents To Make Informed Decisions And Mitigate Risks. Underwriters Ensure Compliance With Lending Policies, Guidelines, And Regulatory Requirements While Maintaining A High Level Of Customer Service. They Collaborate With Loan Officers, Borrowers, And Other Stakeholders To Gather Necessary Information And Provide Recommendations.

Job Requirements:

1. Bachelor'S Degree In Finance, Business Administration, Or A Related Field. 2. Strong Analytical And Critical Thinking Skills. 3. Excellent Attention To Detail And Accuracy. 4. Knowledge Of Credit Underwriting Guidelines And Lending Regulations. 5. Proficiency In Financial Analysis And Risk Assessment. 6. Effective Verbal And Written Communication Skills. 7. Ability To Work Independently And Meet Deadlines. 8. Strong Negotiation And Decision-Making Abilities. 9. Familiarity With Credit Scoring Models And Underwriting Software. 10. Maintain Up-To-Date Knowledge Of Industry Trends And Best Practices.

Job Responsibilities:

1. Review Loan Applications And Supporting Documents To Determine Creditworthiness. 2. Assess Borrower'S Financial Status, Income Stability, And Debt-To-Income Ratio. 3. Analyze Credit Reports, Employment History, And Collateral Value. 4. Calculate Loan-To-Value Ratios And Determine Appropriate Loan Amounts. 5. Evaluate Risk Factors And Make Recommendations For Loan Approval Or Denial. 6. Ensure Compliance With Lending Policies, Guidelines, And Regulatory Requirements. 7. Collaborate With Loan Officers And Borrowers To Gather Necessary Information. 8. Provide Guidance And Support To Loan Officers Regarding Underwriting Decisions. 9. Maintain Accurate And Detailed Records Of Loan Applications And Underwriting Decisions. 10. Stay Updated On Industry Changes And Participate In Training And Professional Development Opportunities.

Top 10 Employers for Underwriter in Credit Unions:

1. ABC Credit Union - HQ Location: New York, NY - Website: www.abccreditunion.com 2. XYZ Credit Union - HQ Location: Chicago, IL - Website: www.xyzcreditunion.com 3. PQR Credit Union - HQ Location: Los Angeles, CA - Website: www.pqrcreditunion.com 4. LMN Credit Union - HQ Location: Houston, TX - Website: www.lmncreditunion.com 5. DEF Credit Union - HQ Location: Atlanta, GA - Website: www.defcreditunion.com 6. GHI Credit Union - HQ Location: San Francisco, CA - Website: www.ghicreditunion.com 7. JKL Credit Union - HQ Location: Seattle, WA - Website: www.jklcreditunion.com 8. MNO Credit Union - HQ Location: Miami, FL - Website: www.mnocreditunion.com 9. RST Credit Union - HQ Location: Boston, MA - Website: www.rstcreditunion.com 10. UVW Credit Union - HQ Location: Dallas, TX - Website: www.uvwcreditunion.com

Career Path for Underwriter in Credit Unions:

1. Loan Processor or Credit Analyst - 2-4 years 2. Junior Underwriter - 3-5 years 3. Underwriter - 5-8 years 4. Senior Underwriter or Team Lead - 8-10 years 5. Underwriting Manager or Senior Management Positions - 10+ years

Top 5 Countries by Underwriter in Credit Unions:

1. United States 2. Canada 3. United Kingdom 4. Australia 5. Germany

Top 5 Countries with Established Credit Unions:

1. United States 2. Canada 3. Australia 4. United Kingdom 5. Germany