Consumer Loan Underwriter II at Arizona Financial Credit Union

Phoenix, Arizona, United States -

Full Time

Start Date

Immediate

Expiry Date

22 Sep, 26

Salary

0.0

Posted On

25 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Consumer Loan Underwriting, Credit Risk Assessment, Financial Analysis, Critical Thinking, Credit Reporting, Fair Lending Laws, Reg B, Reg C, Reg Z, Income Verification, Loan Product Knowledge, Decision Making

Industry

Banking

Description

Description Job Summary Overview The position is responsible for reviewing, analyzing, and approving, countering, or denying consumer credit requests within established individual authority limits in accordance with company and industry guidelines. Essential Job Functions Distinguishes between patterns and anomalies within the context of the entire credit application to assess the creditworthiness of a borrower. Assesses and mitigates credit risk and explains rationale for decisions and underwrites successfully to Level V limits as outlined in the Lending Authority Schedule. Accountable for balancing quality underwriting with exceptional service experiences with an emphasis on decision time frames on all loan applications. Maximizes each opportunity to create or expand a mutually beneficial member relationship while identifying additional loan opportunities. Demonstrates habits and behaviors consistent with brand guidelines aimed at becoming the borrowers’ lender of choice. Maintains knowledge of loan product guidelines, internal policies and procedures, and industry regulation requirements. Must be proficient in underwriting the following loan products: Auto loans (direct and indirect) Unsecured personal loans Credit cards Home equity loans (closed end and HELOC) Recreational loans, including RVs, motorcycles, and boats Applies strong critical thinking skills in evaluating credit scenarios and decision making. Responsible for evaluating creditworthiness to determine eligibility for income waivers or verifying income through analysis of account activity, including direct deposit review or third-party verification tools (e.g., The Work Number). Assists co-workers with developing sound credit decisions, critical analysis skills, and identifies additional loan opportunities. Performs other job-related duties as assigned. Requirements Position Required Qualifications Minimum Education and Experience High School diploma or general education degree (GED). Five (5) years’ experience in a financial institution or related field and three (3) year consumer loan underwriting experience at a financial institution. Knowledge, Skills, and Abilities Ability to work efficiently and responsibly in an environment with multiple work demands and short timeframes. Knowledge of computers and software applications. Ability to type 45 words per minute. Ability to read, write, speak, and use proper grammar in English. Ability to read and comprehend written instructions, correspondence, memos, and procedure manuals. Ability to communicate effectively by telephone to others regarding sensitive inquiries or concerns. Ability to calculate rates, ratios and percentages and other variables to make sound loan decisions. Ability to make decisions based on training, commonsense understanding, and guidelines. Must be proficient and knowledgeable regarding credit reporting, having the ability to read, understand, and interpret a credit report and how the credit is trending. Must be detail oriented to ensure work is consistent and accurate and credit decisions are executed in compliance and procedures. Ability to analyze information, assess and mitigate risk using critical thinking skills. Ability to think outside the box to identify ways to improve a member’s financial situation and effectively communicate those opportunities within decision notes. Must possess knowledge of Fair Lending Laws, Reg B, Reg C, and Reg Z. Licenses, Training, and Certifications Required None. Preferred Qualifications None. Hybrid Work Environment and Physical Demands Occasionally required to reach with hands and arms. Regularly required to stand or sit; use hands to finger keys accurately when using calculator machines or computer keyboards. Occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision, distant vision, and peripheral vision. The noise level in the work environment is quiet. Must be able to travel independently to department and branch locations. NOTE: The job description is intended to be generic in nature. It is not an exhaustive list of all duties and responsibilities. Requirements listed in the above qualifications and physical requirements are representative of the knowledge, skill, abilities, physical demands, or work environment required or encountered that must be met by an employee to successfully perform each duty and each function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions. Employees who work from home must have business operational internet to complete work tasks and communicate via video call or chat messaging systems in a dedicated work space.

Responsibilities

Responsible for reviewing and analyzing consumer credit requests to approve, counter, or deny loans within established authority limits. The role focuses on mitigating credit risk while maintaining high service standards and expanding member relationships.