Hiring Range: $52,114-$83,755 

The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information. 

Consumer Lending Underwriter I

The Consumer Lending Underwriter I analyzes consumer credit files, verifies and documents income, confirms collateral sufficiency, and makes sound lending decisions within assigned authority. This role partners closely with business line stakeholders, escalates recommendations to senior underwriters as needed, and meets established service-level agreements while adhering to all regulatory requirements.

Successful candidates bring strong analytical skills, including tax return and income analysis, and a working knowledge of business organizational structures. They are highly organized, able to manage multiple priorities, and comfortable working independently and collaboratively in a fast-paced environment.

Key responsibilities include:

• Independently review loan requests for eligibility within the bank’s lending authority across Consumer Loan products, including Home Equity Lines of Credit, auto loans, unsecured loans, HEAT loans, personal lines of credit, and Cash Reserve

• Underwrite files efficiently to meet established service-level agreements

• Escalate and recommend approvals for requests exceeding assigned lending authority to senior underwriters

• Review, analyze, and document all sources of income, including personal and business tax returns

• Evaluate vendor reports related to title and valuation

• Communicate clearly with branches, processors, and other partners regarding conditions and documentation requirements

• Maintain thorough application notes and underwriting rationale throughout the loan life cycle

• Ensure ongoing compliance with all bank policies, procedures, and applicable regulations

• Update file status in underwriting systems and maintain clear, comprehensive file notes

• Perform appraisal reviews in accordance with regulatory requirements

• Participate in special projects and post-closing underwriting reviews as assigned

• Maintain working knowledge of consumer lending regulatory guidelines

Qualifications

• Underwriting experience with home equity, unsecured, and auto loans (preferred)

• Strong communication, organization, multitasking, and relationship-building skills

• Proficiency with standard office and underwriting systems; strong overall technical aptitude

• Comfortable working in a fast-paced, high-volume environment

At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.
Eastern Bank is an equal opportunity employer.  All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability.
At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you’re excited about this role but your experience doesn’t fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.