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Consumer Underwriter Jobs (NOW HIRING)

Andover Bank

Consumer Loan Underwriter

Andover, OH

Description The Consumer Loan Underwriter underwrites consumer loans for quality, accuracy and completeness. ESSENTIAL DUTIES AND RESPONSIBILITIES Regular onsite attendance Ability to work well with ...

Andover Bank

Consumer Loan Underwriter

Andover, OH · On-site

Job Type Full-time Description The Consumer Loan Underwriter underwrites consumer loans for quality, accuracy and completeness. ESSENTIAL DUTIES AND RESPONSIBILITIES • Regular onsite attendance • ...

JBA International

CONSUMER LOAN UNDERWRITER

Oakland, CA · On-site

... underwrite (decision credits) docs, fund, book, post docs, loan servicing, reporting (covering the entire spectrum of loan origination and servicing with primary emphasis in consumer loans). • ...

Andover Bank

Consumer Loan Underwriter

Andover, OH · On-site

The Consumer Loan Underwriter underwrites consumer loans for quality, accuracy and completeness. ESSENTIAL DUTIES AND RESPONSIBILITIES · Regular onsite attendance · Ability to work well with others ...

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Consumer Underwriter information

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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.
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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 Loan Underwriter / Buyer

Premier America Credit Union

Chatsworth, CA

$30 - $37/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted yesterday

Job description

Description

Overview: 

We are seeking a dynamic Consumer Loan Underwriter / Buyer, who is experienced in handling underwriting processes for all consumer loan products. The right candidate will have a sense of urgency, the ability to improve operational efficiency through thoughtful process improvement, and a strong commitment to delivering best in class service. 

About You:

Customer Service: You are a resource in identifying and resolving member servicing issues while enhancing member experience by providing distinctive quality service.

Teamwork: You have been recognized for your excellent interpersonal skills and your ability to effectively communicate, build rapport and relate to others. 

Communication: Your effective communication style will be used to transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.


What You Will Do: 

  • The core responsibility is the effective and efficient underwriting of all consumer loans received through various channels. 
  • Must assist in updating loan training material, ensuring adequate loan resources are readily available to branch staff relating to loan products.
  • Expected to continuously seek out new business relationships with dealer principles and decision makers, while establishing and maintaining the same relationships with our members, branch and telephone service center Team Members. 
  • Assist in maintaining workflow processes, address inquiries received through various channels and cross-sell loan products and services. 
  • Perform required credit analysis on all consumer loans that are submitted for review.
  • Make credit decisions within established lending authority, while making recommendations for higher level approvals, and notify appropriate parties of the decision.
  • Respond to all inquiries and messages within a 24-hour timeframe. 
  • Ensure functions are efficiently, effectively, and accurately performed in accordance with established loan policies, standards, guidelines, and security procedures. 
  • Expected to meet a 90% concurrence ratio on a sample of loan decisions.
  • Ensure delinquency ratio on individual loan portfolio is less than 2% and charge-off ratio is less than 1.25%.
  • Support Team Members and dealer partners with loan product questions.
  • Expected to visit local and priority dealers on a regular schedule to provide materials and training assistance for new or existing CUDL dealership contacts.
  • Will establish and maintain effective and professional business relations with internal and external stakeholders. 
  • Responsible for analyzing and preparing data to measure and report performance.


Requirements

What We Are Looking For: 

  • Skills: Word, Excel, Microsoft office High school education or equivalent 
  • Three to five years of progressive experience in consumer loan underwriting or related experience
  • Understanding of related legal and regulatory requirements
  • Strong organizational and time management skills
  • Ability to prioritize effectively, working in a fast-paced environment
  • Strong oral and written communication skills
  • Bi-Lingual (Spanish speaking) preferred
  • PC skills, including Microsoft Office Suite - Word, Excel, PowerPoint

Equal Opportunity Employer - Veterans / Disabled

Drug-free Workplace

Premier America Credit Union will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring (Ban the Box) Ordinance.


Pay Grade Info: 

The base pay range for this position is: $30-$37 / per hour.


Perks Important to You:

Our Team Members enjoy the following rewards and benefits:

Competitive pay

Subsidized health care including medical, dental and vision

FSA and HSA

Company-Paid Life and A&D insurance

Discounts on loans (must be a member)

Paid Vacation, Holiday, and Sick time

401k Retirement Saving Plan with a 6% safe harbor employer match

Educational Assistance Program and more!

Apply