Consumer Loan Underwriter

Join Maine Savings as a Consumer Loan Underwriter! 

Maine Savings Federal Credit Union has an opening for an experienced consumer loan underwriter. The loan underwriter contributes to the growth and success of the Credit Union by limiting the Credit Union’s risk of losses and by supporting Loan Officers as they build the loan portfolio. The loan underwriter’s responsibilities include analyzing and verifying loan applications, evaluating risks and making loan credit decisions when the loan request is within the underwriter’s authority; when over the authority, seeks approval from others who have suitable lending authority. The loan underwriter will exercise sound judgment based on detailed analysis ensuring that all documentation is in compliance with relevant regulations.

What You'll Do: 

• Evaluates data and information received to determine borrower’s financial strength and ability to repay the loan. Review credit report, assets and collateral to determine risk.
• Make loan application decisions and recommendations.
• Ensures compliance with Credit Union lending policies and protocols and has a strong understanding of the Loan Operating Systems.
• Prepare and send various loan notices and documents as part of the loan application process.
• Analyzes tax returns for self-employed borrowers to confirm debt supporting income.
• Coaches loan originators on credit worthiness and application process where appropriate.
• Reviews all vendor related service reports. This includes but is not limited to appraisals, title work, verification of employment, flood determinations.
• Performs data extraction/mining in the preparation of reports for leadership as requested. Additionally, must be able to perform tasks based on information in a report.
• Completes various operational functions of the centralized lending process that include but may not be limited to preparing documents for loan closing, obtaining electronic signatures, booking and funding the loan, and disbursing checks.
• Performs other job-related duties as assigned.

Schedule: The current schedule for this position is Monday – Friday 8am-5pm, with the requirement of one late day on either Thursday or Friday; those hours are 8am-6pm. Saturday rotation is every fifth Saturday from 8:30am-4pm. Schedules are subject to change, based on business needs. 

• Experience: At least five years of similar or related experience. 
• Education: High school education or GED required; associates degree or higher preferred.  
• Work Environment: Standard, modern, climate-controlled office environment. This position may allow for hybrid remote work environment after completion of the training period. 

Maine Savings offers an excellent compensation package as well as the opportunity to thrive in a challenging, fun, and exciting environment. Maine Savings also offers health insurance, dental and vision insurance, 401k with company match, paid holidays, a generous Paid Time Off program, employee referral program, employee discounts, continuing education and student debt relief programs, longevity bonuses and more!

Maine Savings is a growing modern financial institution offering members a full range of financial services. With over 42,000 members and over $845,000,000 in assets, Maine Savings is among Maine’s largest credit unions. With 12 branches, nearly 180 employees, and state-of-the-art technology, Maine Savings is committed to providing its members in-person service and modern conveniences. Founded in 1961 by employees of the Bangor and Aroostook Railroad Company, Maine Savings continues to serve its membership as a federally insured not-for-profit credit union.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, or any other characteristic protected by law. 

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. 

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.