Credit Underwriter

JOB FUNCTION / SUMMARY:

The Credit Underwriter will be responsible for analyzing and underwriting consumer and small business loan request to ensure sound credit decisions, and compliance with United Bank’s lending policies and regulatory requirements. This role supports the bank’s consumer and small business lending strategy by assessing credit worthiness, mitigating risk, and maintaining portfolio quality while delivering accurate and timely service to internal consumer lending team. Will provide underwriting expertise as needed as backup for the Director, Consumer Credit, 1-4 Family In-House loan underwriting, and SBA Underwriting.

PRIMARY DUTIES & RESPONSIBILITIES:

• Evaluate consumer loan applications to determine creditworthiness.
• Analyze applicants' financial information, such as personal financial statements, tax returns, credit reports, income statements, employment records, and other financial data.
• Evaluate small business loan requests to determine creditworthiness.
• Provide approval and guidance to retail network by structuring, underwriting, and decisioning small business loan requests.
• Analyze business and guarantor financial information, such as tax returns, financial statements, credit reports, etc.
• Review and verify the accuracy of loan documentation.
• Assess risk factors associated with the credit applied for identifies strengths, weaknesses, risks, and renders a decision.
• Ensure all loan approvals and adverse actions comply with regulatory standards and internal policies.
• Collaborate with loan officers to gather necessary documentation and clarify any uncertainties.
• Maintain detailed records of loan applications and underwriting decisions.
• Stay updated on industry trends and changes in loan underwriting regulations.
• Provide recommendations for improving loan approval processes and risk management.
• Communicate underwriting decisions to loan officers and other stakeholders timely, in a clear and professional manner.
• Any other duties as assigned by Management.