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.
origination platform a plus Benefits: Medical Insurance Dental Vision Life insurance Accidental death and dismemberment Short-term and long-term Disability Insurance Parental Leave Employee Assistance...
Commercial Credit Underwriter - Preston Legacy Circle, Plano
- Plano, TX
- 2 hours ago
- Plano, TX
- 2 hours ago
Prepare credit memorandums that summarize lending opportunities, the associated risks, and the proposed loan structure. Describes how loan structures mitigate identified risks....
origination or servicing platforms (e.g., Encompass, Empower, Black Knight) Experience supporting internal or external audit functions Working knowledge of fraud risk identification and escalation...
Understanding of credit processes, such as loan origination and underwriting; portfolio management and CECL....
experience Preferred Skills and Experience Advanced knowledge of commercial lending policy, government agency compliance (Reg B, H, O, etc.), all applicable laws and regulations, credit quality standards...
SENIOR LOAN UNDERWRITER (Home Loan Program) University of California Office of the President
- Oakland, CA
- 9 hours ago
- Oakland, CA
- 9 hours ago
Position Summary The Senior Loan Officer (Home Loan Underwriter) uses knowledge of loan origination and underwriting concepts to complete underwriting evaluation of mortgage loan applications....
Experience with international lending....
experience Preferred Skills and Experience Advanced knowledge of commercial lending policy, government agency compliance (Reg B, H, O, etc.), all applicable laws and regulations, credit quality standards...
origination or servicing platforms (e.g., Encompass, Empower, Black Knight) * Experience supporting internal or external audit functions * Working knowledge of fraud risk identification and escalation...
Position Summary The Senior Consumer Lending Sales Specialist (Sr....
Written, Presentations), Organization, Teamwork, Problem Solving, and Consultative Sales Knowledge of mortgage lending functions Ability to effectively use computer software and systems Knowledge of...
origination systems Proficiency with automated underwriting systems such as Desktop Underwriter and Loan Prospector Knowledge of mortgage lending laws and regulations Why You Should Join As one of...
Ability to register with the Nationwide Mortgage Licensing System & Registry (NMLS)....
Instruct Mortgage Loan Originators and Mortgage Loan Processors on any errors for training purposes....
Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position: Thorough understanding of mortgage lending regulations, underwriting...
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
- Marketing & Sales
- Property and Casualty Insurance
- Reimbursement
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Federal National Morgage Association
- Loan Documentation
- Credit Underwriting
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Conventional Loans
- Commercial Lending
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Private Banking
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- Cash Flow Analysis
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Due Diligence
- Financial Analysis
- Real Estate
- Closing
- Finance
- Decision Making
- Accounting
- Auditing
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Documentation
- Reporting
- Collaboration
- Policy Development
- Coaching
- Filing
- Bachelor's Degree
- Regulations
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Sales
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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