Consumer Underwriter Resume Samples

Consumer Underwriters are hired to evaluate loan applications and determine whether to approve or deny them. They are responsible for assessing the risk of a potential borrower by examining credit history, income, employment, and other financial data in order to determine the borrower’s ability to repay the loan. A well-curated Consumer Underwriter Resume mentions the following core duties and responsibilities – reviewing loan terms and conditions, such as interest rates, repayment schedules, and loan amounts, evaluating loan applications, researching credit histories, verifying financial information, preparing loan documents, and correspondence with members of the loan process.

To ensure success in this role, a Consumer Underwriter is expected to have strong communication, problem-solving, and analytical skills, as well as the ability to work independently and in a team setting in a fast-paced environment. Knowledge of banking regulations and consumer credit laws is also required. The minimum educational requirement for a Consumer Underwriter is a bachelor’s degree in finance, accounting, economics, or a related field. Employers may also prefer applicants with experience in loan processing and/or underwriting.

Consumer Underwriter Resume example

Consumer Underwriter Resume

Summary : A seasoned Consumer Underwriter professional with over 15 years of demonstrated success. Highly motivated, and goal-oriented, seeking a position within an organization that will enable me to utilize my professional and educational skills at optimal levels. Maximized portfolio revenue by practicing sound underwriting judgment and risk management principles. Ensured compliance with underwriting policies; elevated risk issues, and stay abreast of constant changes in policy and procedures.

Skills : Analytical, Communication.

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Description :

  1. Performed data evaluation on information retrieved from hard money loan applications
  2. Consulted with Loan Officers following meetings with potential clients
  3. Investigated real estate properties in question and make assessment about investment ROI
  4. Researched project costs for remodeling and renovating properties listed on loan applications
  5. Conducted risk assessments on potential clients based on previous borrowing history, credit rating, industry experience and other factors
  6. Requested additional information from Loan Officers when appropriate
  7. Rendered application decisions based on consultations with supervisory underwriter and upper management
            Years of Experience
            Experience
            10+ Years
            Experience Level
            Level
            Senior
            Education
            Education
            Bachelor's In Finance


            Consumer Underwriter Resume

            Objective : As a Consumer Underwriter, responsible for analyzing, decision-making, approving, and servicing all types of consumer loans or lines of credit based on sound reasoning. Effectively communicated and worked with affiliate banks, administrative, a loan center, and branch personnel on lending decisions and issues.

            Skills : Interpersonal, Financial Analysis.

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            Description :

            1. Exercised lending authority within policy guidelines. After judging risks and mitigants, analyzing credit, reviewing collateral strength and financial worthiness of loan/transaction parties.
            2. Served as a subject matter expert for all ACU loan offerings.
            3. Reviewed all lending applications and supporting documents for accuracy, completeness, and compliance with Ashland Credit Union lending policies and procedures.
            4. Analyzed financial documentation such as tax returns, W2s, 1099s, paycheck advices and other forms of source documentation that provides evidence of member income.
            5. Reviewed credit reports, applicable ratios utilized to determine a member's ability to repay, and other supporting documentation needed to make an appropriate credit decision.
            6. Reviewed additional documentation such as titles, appraisals, valuation tools, and property reports that verifies collateral ownership and collateral value for the purposes of obtaining credit.
            7. Ensured loan requests are decisioned within the specified time frames under applicable laws and lending regulations. Responsible for the accuracy and efficacy of adverse action, counteroffer, and withdrawn loan processes.
            8. Conformed to all Fair Lending and anti-discrimination laws set forth by the NCUA and other applicable regulatory bodies.
                      Years of Experience
                      Experience
                      0-2 Years
                      Experience Level
                      Level
                      Executive
                      Education
                      Education
                      Bachelor's In Finance


                      Consumer Underwriter Resume

                      Summary : Innovative, hard worker, and team-oriented person seeking a challenging job to use knowledge and skills developed through education and work experience. Worked for a company that is customer and employee-oriented. Realized customer service combined with supported employees makes a successful company.

                      Skills : Credit Analysis, Risk Management.

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                      Description :

                      1. Worked knowledge of banking regulatory and agency regulations/ rules.
                      2. Utilized computer scoring system to accept or deny credit card applications.
                      3. Clearly and concisely communicated lending decisions to internal and external customers.
                      4. Developed and maintained knowledge of internal and regulatory policies and procedures.
                      5. Ensured the consumer loan application information provided is accurate and complete.
                      6. Performed credit analysis and makes credit decisions within authority limits.
                      7. Operated standard office equipment such as computers, multi-l line telephones, fax, copier, calculator, TDD, and microfiche viewer.
                      8. Interpreted and evaluated borrowers' income, assets, credit reports, title reports, and appraisals to determine if they met WFHM lending guidelines.
                                Years of Experience
                                Experience
                                10+ Years
                                Experience Level
                                Level
                                Senior
                                Education
                                Education
                                Bachelor's In Finance

                                Consumer Underwriter Resume

                                Headline : To obtain employment where can utilize expertise in due diligence, underwriting, auditing, multi-tasking, customer service, decision-making, and leadership. Reviewed credit, income, asset, and appraisal documentation for a final decision on Conventional, FHA, VA, and USDA loan products.

                                Skills : Detail Oriented, Certified Credit Underwriter.

                                Consumer Underwriter Resume Sample
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                                Description :

                                1. Restructured residential mortgage loans in mild to severe delinquency status in order to avoid foreclosure proceedings.
                                2. Utilized strategies such as repackaging debt, rescheduling payments, and extending loan terms, increased affordability of mortgage payment for mortgagors with capacity issues.
                                3. Adhered to proper guidelines and standards of over 100 different investors in order to meet customer needs while protecting reputation and standing as an industry leader in home loan servicing.
                                4. Corresponded with customers, title companies, attorney offices, as well as, county and state government officials.
                                5. Ensured policy and procedures adhere to individual state and municipality regulations and guidelines.
                                6. Attended home preservation workshops and meetings where face-to-face interaction and on-the-spot workouts are required.
                                7. Tested and initiated new procedures for HAMP modifications to ensure uniformity to the underwriting process, in order to ensure fair lending laws were being adhered to and avoid possible regulatory fines.
                                          Years of Experience
                                          Experience
                                          5-7 Years
                                          Experience Level
                                          Level
                                          Executive
                                          Education
                                          Education
                                          Bachelor's In Finance

                                          Consumer Underwriter Resume

                                          Headline : As a Consumer Underwriter, responded timely to quality control and audit reviews when requested. Recommended underwriting decisions in comprehensive credit analysis. Consulted with internal and external legal counsel on loan documentation issues. Communicated with internal partners and groups regarding loan requests.

                                          Skills : Planning, Collaborative Skills.

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                                          Description :

                                          1. Proactively collaborated with delinquent customers to initiate remedies.
                                          2. Analyzed the extent of the potential loss, identify the problems, and provided meaningful input for a resolution plan.
                                          3. Negotiated special servicing high-risk loans adhering to stated timelines and government or agency regulatory and servicing requirements, and approve transactions within the delegation of authority.
                                          4. Managed and facilitated the resolution of complex consumer loans that may be performing or distressed.
                                          5. Developed and executed strategies to permanently resolve delinquency and improve cash flow.
                                          6. Partnered with team members and leadership to achieve corporate initiatives and incentives.
                                          7. Made recommendations to management for approval or denial of loan resolution strategy.
                                                    Years of Experience
                                                    Experience
                                                    5-7 Years
                                                    Experience Level
                                                    Level
                                                    Executive
                                                    Education
                                                    Education
                                                    Bachelor's In Finance

                                                    Consumer Underwriter Resume

                                                    Summary : As a Consumer Underwriter, maintained an accurate daily production report and comprehends consumer internal audit reports. The assured loan request is processed accurately and within the time frame set forth by compliance regulations. Processed instant credit loans, and assist Dealer Support Group and Credit Investigations.

                                                    Skills : Communicational Skills, Reporting.

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                                                    Description :

                                                    1. Reviewed Consumer Credit applications, credit reports and financial information to underwrite secured and unsecured Indirect Consumer Home Improvement loans.
                                                    2. Processed and made decisions on 40 to 50 loan applications daily in real time/online.
                                                    3. Recommended solutions for unforeseen loan decisions and provide explanations to support loan decisions.
                                                    4. Increased volume of consumer loan applications underwritten from the median among peers during first month to that of exceeding peers in fourth month; improved and maintained high levels of quality.
                                                    5. Developed summary chart of the Underwriting Guidelines which was later distributed to the team.
                                                    6. Reviewed, analyzed, approved and underwrote large, unusual or complex individual consumer requests and products within company and industry guidelines.
                                                    7. Approved, denied, and counteroffered loans Reviewed financial statements, credit reports and ratios; evaluated; examined transactions to ensure accuracy and completeness.
                                                              Years of Experience
                                                              Experience
                                                              10+ Years
                                                              Experience Level
                                                              Level
                                                              Senior
                                                              Education
                                                              Education
                                                              Bachelor's In Finance

                                                              Consumer Underwriter Resume

                                                              Summary : As a Consumer Underwriter, provided sales, service, and communication related to loan transactions directly to the customer. Provided prompt, accurate responses to all internal and external customer inquiries. Assisted other loan service representatives to ensure that applications are processed in accordance with desired service level standards.

                                                              Skills : Communicational Skills, Sales.

                                                              Consumer Underwriter Resume Example
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                                                              Description :

                                                              1. Reviewed, approved, and underwrote individual consumer requests for auto loans and leases while ensuring strict compliance with company and industry guidelines.
                                                              2. Personally managed three sales territories while serving in dual roles as a Business Relationship Manager and Underwriter.
                                                              3. Provided Direct and indirect sales as well as marketing, relationship management, and market research for the auto finance division.
                                                              4. Conducted market research, utilized marketing tools such as AutoCount, and developed customer relationships, resulting in increased sales from $500K to $5M in the first month.
                                                              5. Developed business relationships with auto dealers that led to loan and lease referral business, resulting in finishing #2 in a team of 10 in the first quarter and #1 in total volume in the first year.
                                                              6. Consistently surpassed sales goals and achieved an average 10% increase in sales for each territory joined, resulting in receiving the company Outstanding Sales and Service Award and a trip.
                                                              7. Audit old Foreclosure decisions by recalculating income and verifying all denial decisions were correct.
                                                                        Years of Experience
                                                                        Experience
                                                                        10+ Years
                                                                        Experience Level
                                                                        Level
                                                                        Senior
                                                                        Education
                                                                        Education
                                                                        Bachelor's In Finance

                                                                        Consumer Underwriter Resume

                                                                        Objective : As a Consumer Underwriter, evaluated consumer loan applications and render appropriate decisions within credit policy and in compliance with all regulations.Processed applications place emphasis on response time, the number of applications processed, and the quality of applications approved.

                                                                        Skills : Planning, Analyzing.

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                                                                        Description :

                                                                        1. Reviewed Conventional, FHA, and VA loans for credit analysis with a review of financial statements, income documents, including tax returns, and credit report analysis.
                                                                        2. Analyzed customers' credit bureau reports and financial trends while conducting phone reviews to assess decision of mitigation on high risk accounts.
                                                                        3. Developed and maintained credit risk policy to support the product, including underwriting risk criteria, judgmental underwriting procedures Pro-actively monitors acquisition metrics and performance and advise management of trends and recommend applicable actions / corrective solutions.
                                                                        4. Reviewed loan applications submitted by borrowers through the retail banking centers and direct lending department, underwritten and approve or denies credit decisions based on lending criteria, federal regulatory guidelines and within delegated lending authority.
                                                                        5. Spread and analyzed the applicants financial information, as deemed necessary by the deal structure and based upon established guidelines.
                                                                        6. Communicated loan decisions to the banking centers through a variety means including written and verbal communication and via the Banks business banking origination system.
                                                                        7. Monitored the financial condition of existing borrowers underwritten or assigned and additional responsibilities as assigned by management.
                                                                                  Years of Experience
                                                                                  Experience
                                                                                  2-5 Years
                                                                                  Experience Level
                                                                                  Level
                                                                                  Junior
                                                                                  Education
                                                                                  Education
                                                                                  Bachelor's In Finance

                                                                                  Consumer Underwriter Resume

                                                                                  Summary : As a Consumer Underwriter, provided prompt, accurate responses to all internal and external customer inquiries. Assisted other loan service representatives to ensure that applications are processed in accordance with desired service level standards. Entered and processed application information in the loan origination software program. Directed both internal and external calls to proper bank personnel and departments.

                                                                                  Skills : Loan Assistant, Policy Assistant.

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                                                                                  Description :

                                                                                  1. Participated in continuing education courses to remain knowledgeable and competitive in the industry.
                                                                                  2. Used professional techniques and strategies to calculate the risk associated with client policies.
                                                                                  3. Reviewed insurance claims and terms to determine the amount to be paid out by the company.
                                                                                  4. Designated and prepared insurance premiums based on informed judgment and competitor pricing.
                                                                                  5. Organized meetings with specialists to help determine risk assessment in unique circumstances.
                                                                                  6. Laidout and finalized insurance policies applying specific terms and conditions as agreed upon by the client.
                                                                                  7. Established a working relationship with the officers of NationsBank and their customers.
                                                                                    Years of Experience
                                                                                    Experience
                                                                                    7-10 Years
                                                                                    Experience Level
                                                                                    Level
                                                                                    Consultant
                                                                                    Education
                                                                                    Education
                                                                                    Bachelor's In Finance

                                                                                    Consumer Underwriter Resume

                                                                                    Summary : As a Consumer Underwriter, evaluated consumer loan applications and render appropriate decisions within credit policy and in compliance with all regulations. Process applications place emphasis on response time, the number of applications processed, and the quality of applications approved. Provided sales, service, and communication related to loan transactions directly to the customer.

                                                                                    Skills : Encompass Mortgage Software, Interpersonal Skills.

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                                                                                    Description :

                                                                                    1. Analyzed customer financial condition and authorized customer credit lines Minimize bad debt risk, maximize accounts receivable collections Assess credit risk, and establish credit limits based upon customer financial statements.
                                                                                    2. Participated in major department projects, and played an active role in cross-functional teams to assist in driving quality improvements, processes, and initiatives.
                                                                                    3. Reviewed, analyzed, approved, and underwrote routine individual consumer requests with few deviations and within company and industry guidelines.
                                                                                    4. Delt effectively with investor guidelines to offer loan modifications to borrowers.
                                                                                    5. Suggested ways to minimize compliance risk stipulated agreements, forbearance agreements, and loan modifications.
                                                                                    6. Provided feedback to management on the execution of new procedures and processes.
                                                                                    7. Helped with the actualization and implementation of new process improvement techniques to increase productivity and balance workloads in order to help meet increasing business demands.
                                                                                      Years of Experience
                                                                                      Experience
                                                                                      10+ Years
                                                                                      Experience Level
                                                                                      Level
                                                                                      Senior
                                                                                      Education
                                                                                      Education
                                                                                      Bachelor's In Finance