JOB DETAILS
Consumer Loan Underwriter
CompanyFirst New York Federal Credit Union
LocationTown of Colonie
Work ModeOn Site
PostedNovember 5, 2026
About The Company
First New York Federal Credit Union, originally Schenectady Teachers Federal Credit Union, was federally chartered in 1937 to serve the teachers of the Schenectady City School district. Today First New York has eight Branch locations and three FNY Express Teller Kiosks, serving over 37,000 members, and is one of the strongest financial institutions in the Capital District.
Through the years, First New York has listened to the needs of our members and met those needs with financial services that go beyond those of other financial institutions.
Our mission is “to consistently surpass member expectations by enthusiastically providing first-class personal and professional service with a commitment to continuous innovation.”
Federally Insured by NCUA. Equal Housing Lender. NMLS #477178
About the Role
Description
Utilize good judgment and underwriting skills to quickly evaluate loan applications for risk and approve loan requests, which are structured to perform and meet member needs.
Duties & Responsibilities
- Exercises sound judgment and discretion to approve or deny loans as specified in the Board approved loan policies based on compliance with applicable laws and regulations and credit criteria; exercises sound judgment and discretion to establish conditions for loan disbursement, issue disbursement instructions to loan processors.
- Construct and approve loan offers in accordance with delegated approval authority and loan policy.
- Utilizes policy and procedure to build performing loans.
- Document adverse actions as needed and prepare systems to produce denial letters.
- Conduct credit analysis on each loan application including cash flow analysis, debt ratio calculation, credit scoring and collateral valuation.
- Provide and ensure that all regulatory disclosures are sent in a timely and compliant manner.
- Adhere to code of ethics.
- Approves loans with any stipulations. Clarifies any stipulation discrepancies with department processors as needed.
- Develops cross-sell and up-sell opportunities to maximize member relationship.
- Consistently meets established productivity performance standards.
- Adheres to all local, state, and federal laws/regulatory requirements as related to functional areas.
- Maintain a proficient knowledge of all credit union products and services, as well as industry trends and benchmarks, and products and services offered by the competition.
- Have and maintain the NMLS designation.
- Performs other duties as may be assigned.
Requirements
- Possess two to four years of previous lending experience in credit union/banking environment.
- Credit skill, interpersonal skills and ability to communicate clearly while handling multiple priorities.
- Demonstrated commitment to making performing loans.
- Comfort working in a fast-paced environment.
- Adept at utilizing most current technology and software.
- Displays a tolerance for risk as defined in Board approved policies.
- Possesses critical thinking skills and applies learned lending principles according to the unique needs of each member and their risk profile.
- Displays a positive attitude. Strong commitment to provide excellent member service with a “whatever it takes” attitude.
Work Schedule:
Monday – Friday. 8:15am – 5:00pm
Work Location:
Fully On-Site
Key Skills
Loan UnderwritingCredit AnalysisRisk AssessmentCash Flow AnalysisDebt Ratio CalculationCollateral ValuationRegulatory ComplianceNMLS DesignationCross-sellingUp-sellingCritical ThinkingMember ServiceLending PrinciplesFinancial SoftwareCommunication Skills
Categories
Finance & AccountingCustomer Service & Support
Job Information
📋Core Responsibilities
The underwriter evaluates loan applications for risk, approves or denies requests based on policy, and ensures compliance with all applicable laws. They also conduct credit analysis, manage loan disbursements, and develop member relationships through cross-selling opportunities.
📋Job Type
full time
💰Salary Range
$27 - $30
📊Experience Level
2-5
💼Company Size
98
📊Visa Sponsorship
No
💼Language
English
🏢Working Hours
40 hours
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