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.
Senior Underwriter, Commercial Surety
- Liberty Mutual Insurance
- New York, NY
- 4 days ago
- Liberty Mutual Insurance
- New York, NY
- 4 days ago
Schedule: Full-Time Salary Range: USD $75000.00 - $194000.00 Job Category: Underwriting Description Liberty Mutual Surety is currently recruiting for a Senior Surety Underwriter to join our New...
Skills and Job-Specific Competencies: - Solid knowledge of mortgage underwriting and basic automated underwriting systems. - Proficiency with basic automated underwriting systems....
Loan Underwriting: Review and assess files submitted by broker clients, ensuring compliance with FHA, VA, and conventional lending guidelines....
Remote WorkAffordable Housing Underwriter - Senior Vice President
- Reston, VA
- 16 hours ago
- Reston, VA
- 16 hours ago
The Underwriter - C14 is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically, a small number of...
Familiarity with various C&I loan types, including lines of credit, term loans, asset-based lending, and owner-occupied real estate....
Remote WorkSenior Mortgage Underwriter - DE Certification Required
- Salem, MA
- 17 hours ago
- Salem, MA
- 17 hours ago
Equivalent work experience required. 3-5 years of mortgage underwriting experience required....
Remote WorkFamiliarity with various C&I loan types, including lines of credit, term loans, asset-based lending, and owner-occupied real estate....
Remote WorkPrimary responsibilities include Analyze and appropriately decision Home Equity Line of Credit applications in accordance with the Consumer Lending credit policy and regulatory guidelines (including...
At Coaction, we're a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually...
GENERAL DESCRIPTION OF POSITION The Mortgage Loan Underwriter II is responsible for the underwriting function for residential mortgage loans and related products....
NAM Corporate Credit Underwriter/ Manager (In-Business Risk), Energy - Senior Vice President
- Irving, TX
- 1 day ago
- Irving, TX
- 1 day ago
Specific experience within Energy is preferred, including Reserve Based Lending structures, Commodity derivatives and Leveraged Financings....
Strong understanding of policies, procedures, compliance and approval process at a Corporate Bank, including comprehension of US lending regulations....
Who you are A minimum of 5+ years of recent residential mortgage underwriting experience 6+ years mortgage industry experience Proficiency in reviewing and evaluating mortgage loan documents to ensure...
Remote WorkPosition: Consumer Lending Specialist Company: Mariner Finance Location: On-site/in office Hours: full time - 40 hours per week Description Qualifications: 1+ years of experience in a sales position...
GENERAL DESCRIPTION OF POSITION The Mortgage Loan Underwriter II is responsible for the underwriting function for residential mortgage loans and related products....
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs Nationwide
Required or preferred licenses and certifications for Loan Underwriter positions.
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
- Driving
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- Tila Respa Integrated Disclosures
- Conventional Loans
- Commercial Lending
- BSA
- Loan Processing
- Federal National Morgage Association
- FHLMC
- Encompass
- Freddie Mac
- Private Banking
- Fannie Mae
- Cross Selling
- OFAC
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- USDA
- Valuation
- Underwriting
- Financial Statements
- Portfolio Management
- Taxes
- Appraisal
- Due Diligence
- Financial Analysis
- File Management
- Real Estate
- Closing
- Finance
- Decision Making
- Accounting
- Negotiation
- Written Communication
- Documentation
- Coaching
- Verbal Communication
- Mentoring
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Time Management
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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