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Consumer Underwriter Jobs (NOW HIRING)

Equity Bank

Consumer Underwriter

Wichita, KS

Consumer Underwriter Department: Credit Administration Location: Wichita, Kansas Salary: FT Salary Responsibilities and Expectations * Underwrite/Decision all Consumer Loans, Small Business Loans and ...

Equity Bank

Consumer Underwriter

Wichita, KS · On-site

Consumer Underwriter Department: Credit Administration Location: Wichita, Kansas Salary: FT Salary Responsibilities and Expectations * Underwrite/Decision all Consumer Loans, Small Business Loans and ...

Bank OZK

Consumer Underwriter II

Alpharetta, GA

Underwrite most Consumer Loan Products including non-real estate loans, residential portfolio mortgages, construction loans and HELOCs to the Bank's policies, procedures, and standards. * Perform ...

Bank OZK

Consumer Underwriter II

Alpharetta, GA · On-site

Underwrite most Consumer Loan Products including non-real estate loans, residential portfolio mortgages, construction loans and HELOCs to the Bank's policies, procedures, and standards. * Perform ...

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Consumer Underwriter information

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$35

How much do consumer underwriter jobs pay per hour?

As of Jun 12, 2026, the average hourly pay for consumer underwriter in the United States is $24.09, according to ZipRecruiter salary data. Most workers in this role earn between $20.43 and $26.92 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Consumer Underwriter, and why are they important?

To thrive as a Consumer Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of credit risk assessment, typically supported by a degree in finance, business, or a related field. Familiarity with underwriting software, credit scoring systems, and financial analysis tools is essential. Excellent communication, sound judgment, and decision-making abilities set standout professionals apart in this role. These skills are crucial for accurately evaluating loan applications, mitigating risk, and ensuring compliance with lending policies.

What are the 4 C's of underwriting?

The 4 C's of underwriting are Character, Capacity, Collateral, and Conditions. These criteria help consumer underwriters assess an applicant's creditworthiness and risk by evaluating their financial stability, ability to repay, the value of assets offered as security, and external factors affecting the loan. Understanding these factors is essential for making informed lending decisions.

What is the difference between Consumer Underwriter vs Mortgage Underwriter?

AspectConsumer UnderwriterMortgage Underwriter
CredentialsTypically requires a bachelor's degree in finance, business, or related field; certifications like CU (Certified Underwriter) are commonSimilar credentials; often holds a bachelor's degree and certifications such as CU or mortgage-specific licenses
Work EnvironmentWorks in banks, credit unions, or financial institutions assessing consumer loan applicationsWorks in mortgage companies, banks, or lenders evaluating home loan applications
Industry UsageUsed across consumer lending sectors including personal loans, auto loans, credit cardsPrimarily used in real estate and home loan sectors

Both Consumer Underwriters and Mortgage Underwriters evaluate loan applications, but Consumer Underwriters focus on personal and auto loans, while Mortgage Underwriters specialize in home loans. They share similar credentials and work environments but serve different lending markets.

What are some common challenges faced by Consumer Underwriters and how can they be addressed?

Consumer Underwriters often face challenges such as balancing risk assessment with customer service, keeping up with changing regulations, and managing high volumes of applications. To address these, strong analytical skills, attention to detail, and continuous professional development are essential. Collaborating closely with loan officers and credit analysts helps ensure accurate decisions, while ongoing training helps maintain compliance and up-to-date knowledge of industry standards.

Do underwriters make a lot of money?

Consumer underwriters typically earn a median annual salary that varies by experience and location, with entry-level positions starting around $50,000 and experienced underwriters earning over $80,000. Salary can increase with certifications, specialized knowledge, and working in high-demand markets.

Can I become an underwriter with no experience?

Consumer underwriters typically need some background in finance, insurance, or related fields, but entry-level positions may be available for those with strong analytical skills and a willingness to learn. Many employers provide on-the-job training, and obtaining relevant certifications can improve chances of starting in the role without prior experience.

What does a consumer underwriter do?

A consumer underwriter evaluates loan applications by analyzing applicants' financial information, credit reports, and risk factors to determine their eligibility for credit or loans. They use guidelines and tools like credit scoring models to make informed decisions, often working in financial institutions or lending companies. Strong analytical skills and knowledge of credit policies are essential for this role.
More about Consumer Underwriter jobs
What cities are hiring for Consumer Underwriter jobs? Cities with the most Consumer Underwriter job openings:
What states have the most Consumer Underwriter jobs? States with the most job openings for Consumer Underwriter jobs include:
What are popular job titles related to Consumer Underwriter jobs? For Consumer Underwriter jobs, the most frequently searched job titles are:
Consumer Underwriter jobs near you
Infographic showing various Consumer Underwriter job openings in the United States as of June 2026, with employment types broken down into 1% As Needed, 78% Full Time, 19% Part Time, and 2% Temporary. Highlights an 66% Physical, 13% Hybrid, and 21% Remote job distribution, with an average salary of $50,109 per year, or $24.1 per hour.
Consumer Underwriter

Consumer Underwriter

Lake Trust Credit Union

Brighton, MI • On-site

Full-time

Medical, Retirement

Posted 23 days ago

Lake Trust Credit Union rating

8.7

Company rating: 8.7 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

Job description

Consumer Underwriter
This position is located in Brighton, MI hybrid - 3 days in office, 2 days remote weekly
More Than A Job!
Why do you work each day? To us, our jobs are not just something we do to make a living, it's a way to live. We work to support our members; whether celebrating moments of joy, finding a solution to an obstacle, or offering encouragement through a time of struggle. The worth of our work isn't measured in dollars and cents, it's seen in our communities and felt by the people who believe in us.
Benefits Include:
• Financial wellbeing services
• 401(K) matching with up to 5% match
• Reduced health insurance
• Employee wellbeing services
• DE&I initiatives
• Work-life balance
Job Summary
Be a lead underwriter for DROs to contact with questions pertaining to indirect applications. Has authority to review and decision member loan appeals. Underwrite direct and indirect consumer loans received through all delivery channels. Underwrite home equity loans, approve home appraisals and boat surveys. Review and approve home equity title work policies. Review Mortgage Investment Offerings. Make decisions to approve, counter approve or deny loan requests for internal and external members. Regularly communicate with other internal members and respond to questions concerning consumer loans. Make moderately complex loan decisions based on the overall worthiness of the borrower to achieve meeting our memberships borrowing needs and Company lending objectives. Consistently deliver high quality, knowledgeable and responsive service to the internal team members. Look for cross-sell opportunities and work with loan originators to develop multiple options for our membership to improve their financial well-being.
What You'll Do
  • Collaborate with leadership to run department meetings.
  • Train Consumer Loan II underwriters on Mortgage Center IOs, home equity loans and personal/business tax returns.
  • Underwrite various consumer loan applications from delivery channels and analyze the information provided. Request additional information from team members as required.
  • Mentors Consumer Level II on complex loans or issues on documentation for the loan request.
  • Review Mortgage Investments.
  • Underwrite home equity loans, approve home appraisals and boat surveys. Review home equity title work policies.
  • Functions as a primary point of contact via multiple communication channels for: Dealer Relations Officers, indirect dealers and internal members, for communication related to underwriting decisions.

What You'll Bring
Level II
  • High School Diploma (GED) is required.
  • Three or more years consumer underwriting OR related experience required.
  • Proven ability to support a strong member service culture.
  • Excellent problem-solving and communication skills.
  • Flexible work schedule meeting the needs of the membership and dealerships.

Level III
  • High School Diploma (GED) is required.
  • Five or more years risk base consumer underwriting OR related experience required.
  • Previous financial institution experience.
  • Proven ability to support a strong member service culture.
  • Excellent problem-solving and communication skills.
  • Flexible work schedule meeting the needs of the membership and dealerships.

What You'll Get
  • Ability to collaborate and build a sense of togetherness that contributes to a positive work environment.
  • Being open to change and embracing new opportunities can lead to diverse experiences and career advancement.
  • By prioritizing member wellbeing, which leads to increased engagement, improved team dynamics, higher levels of motivation and a stronger community culture.

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