Resume

Consumer Loan Underwriter Resume Example & Writing Guide

Use this Consumer Loan Underwriter resume example and guide to improve your career and write a powerful resume that will separate you from the competition.

If you’re looking for a job that offers great flexibility and variety, consider becoming a loan underwriter. You’ll be responsible for reviewing applications for loans or credit cards, assessing the risk involved in each applicant’s request, and negotiating terms and conditions with them. You’ll also be tasked with compiling all the necessary documentation for your loans before sending them off to be processed.

If you want to work in the financial industry but aren’t sure where to start, here’s some tips and an example for writing a solid consumer loan underwriter resume that hiring managers will love.

Jennifer Thomas
Los Angeles, CA | (123) 456-7891 | [email protected]
Summary

Seasoned consumer loan underwriter with over 10 years of experience in the financial industry. Proven ability to assess credit risk, identify potential fraud, and recommend loan solutions that meet the needs of both the borrower and the lender. Excels at working with diverse teams and building relationships with key stakeholders.

Education
San Diego State University Jun '10
B.S. in Business Administration
Experience
Company A, Consumer Loan Underwriter Jan '17 – Current
  • Processed and underwrote consumer loans for a national bank, including auto, personal, home equity, signature credit card, and small business loans.
  • Analyzed loan applications to determine the applicant’s eligibility based on income, assets, debt-to-income ratio, etc., as well as collateral value (if applicable).
  • Communicated with customers regarding application status via phone or email in a timely manner.
  • Provided customer service by explaining all requirements of the loan process and any potential risks involved in obtaining financing through our institution.
  • Maintained knowledge of current lending practices and trends within assigned product lines to ensure compliance with company policies and procedures.
Company B, Consumer Loan Underwriter Jan '12 – Dec '16
  • Worked with a team of underwriters to process over 100 loans per month, resulting in an average loan time of 3 days
  • Reviewed and approved applications for credit using the company’s proprietary software system (LendPoint)
  • Conducted thorough risk analysis on each application before making a decision on approval or denial
  • Communicated regularly with customers throughout the lending process to ensure complete transparency
  • Followed up with delinquent accounts to collect payments and maintain account accuracy
Company C, Loan Processor Jan '09 – Dec '11
  • Reviewed loan applications and supporting documentation to verify completeness and compliance with underwriting requirements.
  • Ordered third-party reports such as title insurance, appraisals, and credit reports.
  • Calculated income and asset qualifications using automated underwriting systems.
Certifications
  • Certified Mortgage Banker
  • Certified Commercial Loan Underwriter
  • Certified Residential Loan Underwriter
Skills

Industry Knowledge: Home Loan, Auto Loan, Personal Loan, Mortgage Loan, Credit Score, Debt-to-Income Ratio
Technical Skills: Microsoft Office Suite, Google Sheets
Soft Skills: Communication, Teamwork, Leadership, Problem Solving, Conflict Resolution

How to Write a Consumer Loan Underwriter Resume

Here’s how to write a resume of your own.

Write Compelling Bullet Points

The best way to make your resume stand out is to use specific examples and numbers. So rather than saying you “managed loan approval process,” you could say that you “managed loan approval process for $10M+ portfolio, resulting in 95% approval rate in six months.”

The second bullet point is much stronger because it provides specific details about what you did, the scope of your work, and the outcome of your work.

Related: What Is a Consumer Loan Underwriter? How to Become One

Identify and Include Relevant Keywords

When you apply for a job as a consumer loan underwriter, your resume is usually scanned by an applicant tracking system (ATS) for certain keywords. This program looks for certain terms that are relevant to the job, like “credit history” or “mortgage.” If your resume doesn’t have enough of these keywords, the ATS might not rank it highly enough to be seen by the hiring manager.

To make sure your resume makes it past the ATS, use this list of common consumer loan underwriting keywords as a starting point:

  • Credit Analysis
  • Credit
  • Loans
  • Banking
  • Consumer Lending
  • Consumer Finance
  • Credit Risk
  • Mortgage Lending
  • Retail Banking
  • Loan Origination
  • Finance
  • Underwriting
  • Portfolio Management
  • Commercial Lending
  • Financial Analysis
  • Consumer Financial Services
  • Business Relationship Management
  • Business Development
  • Risk Management
  • Finance Management
  • Commercial Banking
  • Risk Assessment
  • Investment Banking
  • Credit Risk Analysis
  • Securities
  • Portfolio Management Services
  • Insurance
  • Financial Services
  • Investments
  • Customer Service

Showcase Your Technical Skills

As a consumer loan underwriter, you will need to be proficient in the use of underwriting software programs, such as Fannie Mae’s Desktop Underwriter and Freddie Mac’s Loan Prospector. You will also need to be familiar with credit reporting systems, such as Equifax, Experian, and TransUnion. Additionally, it is helpful to have experience with loan origination systems, such as Encompass and Calyx Point.

Remember The Basics

As you’re crafting your resume, it’s important to keep a few basic guidelines in mind.

Make It Easy to Scan

There are a few things you can do to your resume to make it easier to read and understand quickly. Aligning everything to the left, using a standard font type and size, and keeping bullets under 2 lines will help make your resume more skimmable. You should also try to leave some white space on the page to help the recruiter easily scan through your information.

Be Concise

Ideally, a resume should be one page long, but it can be two pages if you have a lot of experience to include. If you need to shorten your resume, you can remove unnecessary information, such as personal details or hobbies. Focussing on the most relevant experience is key when creating a resume.

Proofread

Proofreading your resume is important in order to make sure it looks professional and error-free. Spell checking is a must, as are punctuation and grammar checks. It is also helpful to have someone else proofread your resume for you, as they may catch mistakes that you have missed. Beware of easily confused words, and make sure that your tense is consistent throughout the resume.

Use a Summary

As a job seeker, it’s important to use a resume summary statement to explain how your skills and experiences will be beneficial in the role you’re applying for. A well-written summary can help to bridge the gap between your past experience and your future goals, and can make it easier for recruiters to understand how your skills might translate into their company. When creating your summary, be sure to focus on your best skills and experiences, and play up your relevant soft skills. You should also make it clear what your intentions are, and keep your summary to just a couple of lines.

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