Mortgage Underwriter

Join a Great Place To Work certified company! At Consumers Credit Union (CCU), we're all about people, not just products. And as a Mortgage Underwriter, you'll play a key role in helping our members achieve their homeownership dreams responsibly, ethically, and confidently.

We're looking for a seasoned underwriter who knows their way around complex financials and loan products, communicates clearly, and thrives in a fast-paced, highly collaborative environment. If that's you, keep reading!

Location: Lake Forest, Illinois (hybrid/flexible work schedule, 2-3 days/week onsite). Local Northern IL/Southeastern WI candidates only!

What You'll Do:

As a Mortgage Underwriter at CCU, you'll be the decision-maker behind the scenes-analyzing applications, assessing risk, and ensuring every loan meets regulatory, investor, and credit union standards.

Your Day-to-Day Will Include:

• Underwriting conventional, jumbo, and home equity loans, following established agency, investor, and credit union guidelines. Meeting service level expectations for turn times and responsiveness.
• Calculating income for salaried, hourly, and self-employed borrowers using provided tools. Evaluating complex loan files, including borrower profiles, credit reports, income docs (including self-employed returns), property valuations, and title reports.
• Collaborating with processing and sales teams to clarify loan conditions, interpret guidelines, and keep files moving forward. Responding to internal underwriting-related inquiries via email or other channels.
• Acting as a subject matter expert for underwriting policies, product changes, and investor requirements. Assisting in creating and delivering training materials to internal teams.
• Addressing audit findings and post-closing issues in a timely and professional manner.
• Making informed decisions to approve, decline, or counteroffer loans within your designated authority. Flagging high-risk loans and suggesting effective mitigation strategies.
• Staying current with evolving regulations and underwriting standards to protect CCU and our members.

What you'll need to join the team:

• High School Diploma or GED




• Bachelor's degree in Finance, Economics, Business or Related - Preferred




• 5+ years' experience of mortgage underwriting or related - Minimum
• Encompass LOS experience and DE Chums Certification is a plus!
• Excellent analytical skills with the ability to thoroughly review financial documents, credit reports, and property appraisals to accurately evaluate borrower risk.
• Verbal and written professional communication skills.
• Ability to be organized, have attention to detail, and superior judgement.
• Knowledge in all levels of mortgage underwriting, including conventional loan guidelines, and mortgage insurance policies like UCDP & SSR.

Compensation:

The salary range for this role is $ $61,470 to $92,206 per year. This role is eligible for an annual bonus opportunity. A specific salary offer considers factors including but not limited to skill sets, experience and training, licensure and certifications, and other business and organizational needs. It is not typical for an individual to be hired at or near the top of the salary range and compensation decisions are dependent on the facts and circumstances of each case.

Consumers Credit Union provides eligible employees an opportunity to participate in our medical (High Deductible, HMO and PPO), dental, vision, spending accounts, short-term disability, long-term disability, life insurance and other plans effective date of hire. You will be eligible to participate in the 401(k) savings plan at any time. You will be automatically enrolled in the pension plan following six months of employment and 1,000 hours of service and reaching age 20.

For more information about benefit offerings, please visit our careers page: https://www.myconsumers.org/about/what-we-do/careers

About CCU

Founded in 1930 and headquartered in Lake Forest, IL, Consumers Credit Union has $4 billion in assets and serves more than 260,000 members, making it one of the largest credit unions in the state. CCU believes that nobody needs banks on every corner, but everyone needs people who are in their corner. To learn more, visit myconsumers.org

Equal Opportunity Employer

CCU complies with the requirements and spirit of the law in the implementation of all facets of equal opportunity in employment. There will be no discrimination on the basis of race, ancestry, color, religion, sex, sexual orientation, gender identity, marital status, pregnancy, age, national origin, citizenship, disability, genetic information, military status (including unfavorable discharge from the military), criminal or arrest history (unless job related), crime victim status, or any other protected characteristic in the recruitment, selection, training, utilization, promotion, termination, or any other employment actions or term and condition of employment. CCU complies with applicable state and local laws governing non-discrimination in employment in every location in which CCU has facilities.

We are committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. If reasonable accommodation is needed to participate in the job application or interview process please contact our Human Resources team at: HR_Dept@myconsumers.org or 877-275-2228.