Loan Underwriter Jobs
A Loan Underwriter in the banking industry is responsible for evaluating and approving or rejecting loan applications based on the borrower's creditworthiness. They assess the risk involved in lending money to a particular borrower by scrutinizing their financial information, including credit history, income, employment stability, and debt-to-income ratio. They also establish lending terms and conditions, ensure compliance with regulatory standards, and communicate decisions and related information to applicants and loan officers. Since loan underwriting involves significant decision making, it plays a crucial role in maintaining the financial health and sustainability of a bank.
Prior to their role as a Loan Underwriter, an individual may have experience as a Loan Processor, Credit Analyst, or Financial Advisor. These positions help to build a solid foundation in credit analysis, risk assessment, and financial advisory, which are essential skills for Loan Underwriters. Loan Underwriters should have strong analytical, decision-making, and communication skills. They should also possess a detailed knowledge of credit and lending procedures, as well as relevant regulatory standards. Certifications such as the Mortgage Loan Originator (MLO) license or Certified Mortgage Underwriter (CMU) can enhance their credibility and career prospects in the industry.
MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...
. + Loan Underwriting: Review and assess files submitted by broker clients, ensuring compliance with FHA, VA, and conventional lending guidelines. + Approval Process: Work closely with the loan structure...
Remote WorkExcess & Surplus Primary Casualty (Contractors) Senior Underwriter
- Alpharetta, GA
- 8 hours ago
- Alpharetta, GA
- 8 hours ago
Who Are We? Taking care of our customers, our communities and each other. Thats the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property...
Temporary Underwriter - Residential and Consumer Lending
- Ocean City, NJ
- 9 hours ago
- Ocean City, NJ
- 9 hours ago
YOUR QUALIFICATIONS Associate's degree with an emphasis on Finance, Accounting, plus specialized courses in mortgage underwriting and appraisal review....
Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and...
OVERVIEW Evaluate and determine the credit risks of larger, more complex commercial real estate clients through detailed financial statement analysis, industry assessment, collateral valuation,...
At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Underwriter, Primary Casualty to play your part in that transformation. Its an opportunity to grow your...
Join to apply for the Senior Underwriter - Property role at Chubb 3 weeks ago Be among the first 25 applicants Join to apply for the Senior Underwriter - Property role at Chubb Job Description The...
Work Location: Lexington, South Carolina, United States of America Hours: 40 Pay Details: $41.75 - $62.50 USD TD is committed to providing fair and equitable compensation opportunities to all...
Client Services Commercial Lines Underwriter I (Remote)
- New York, NY
- 2 days ago
- New York, NY
- 2 days ago
Answer incoming calls from policyholders, agents and lending institutions responding to inquiries and provide insurance counselling on coverage, routine billing questions, payment status, and making...
Remote WorkInsight Global is searching for a Home Loan Underwriter to work with our financial client in the East Bay....
Commercial Loan Underwriter - Industrial** The Commercial Loan Underwriter Industrial will underwrite commercial lending opportunities in an assigned territory, focusing on working capital lines of...
, RapidILL, OCLC First Search, and WorldCat Train and supervise part-time employee and cadet assistants in their support of document fulfillment and delivery operations (borrowing, acquisition and lending...
Mortgage Underwriter (Hybrid-Dallas)
- North Richland Hills, TX
- 2 days ago
- North Richland Hills, TX
- 2 days ago
Job Details: Schedule: Monday- Friday, 8am-4:30pm Work Environment: Hybrid/Commuting on-site 2 days a week Qualifications and Requirements: 1-3 years of Mortgage Underwriting required Associates or...
Skills mortgage industry, mortgage, Underwriting, de underwriter, Credit Review, communication and people skills Top Skills Details mortgage industry,mortgage,Underwriting,de underwriter,Credit Review...
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs Nationwide
Highest Education Level
Loan Underwriters offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Presentation
- Reimbursement
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Conventional Loans
- Commercial Lending
- Credit Underwriting
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- USDA
- Cash Flow Analysis
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Taxes
- Portfolio Management
- Financial Modeling
- Appraisal
- Financial Analysis
- Resolution
- Real Estate
- Finance
- Closing
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Collaboration
- Documentation
- Reporting
- Bachelor's Degree
- Filing
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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