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.
Knowledge of consumer and home equity lending practices. Able to use all related computer applications. FannieMae/Freddie Mac residential first mortgage underwriting knowledge helpful....
Senior Mortgage Underwriter - Brooklyn, OH or Buffalo, NY
- Amherst, NY
- 6 hours ago
- Amherst, NY
- 6 hours ago
The Mortgage Senior Underwriter may be involved in one or several types of mortgage lending (agency conventional, portfolio conventional, FHA/VA MI etc.)....
Master's degree in business or finance and/or prior lending experience preferred....
This Property/Equipment Breakdown Underwriter will manage a $5m-$7m Property renewal book for the MidAtlantic Region, while also writing $1.5m annually in new business. The position will primarily...
UNDERWRITING experience is REQUIRED + Associates or Bachelors degree preferred; High School Diploma required + Proficient in Microsoft Office Suite + Proficient in computer literacy + Proficient and...
Position Summary The Senior Consumer Lending Sales Specialist (Sr....
and involved with post approval review with the post approval team to ensure conditions of lending are met or appropriately mitigated prior to loan closing Meets turnaround requirements of a high-volume...
Additional Skills & Qualifications 3+ years of mortgage underwriting experience required Solid knowledge of mortgage underwriting and of basic automated underwriting systems Proficiency with basic automated...
Commercial Loan Underwriter - Fort Worth (position currently filled)
- Fort Worth, TX
- 1 day ago
- Fort Worth, TX
- 1 day ago
Do you have commercial lending experience? If so, this could be a great opportunity. Texas Business Lenders Group is seeking an experienced Commercial Loan Underwriter....
May also act in a consultative capacity with lending staff, as required....
Commercial Credit Underwriter III - Small Business
- Greenville, SC
- 1 day ago
- Greenville, SC
- 1 day ago
& Commercial Banking Job Description: The Commercial Credit Underwriter III analyzes, underwrites and may act as the final decision authority on commercial loan applications while following sound lending...
meetings Maintain a complete understanding of the Bank's lending objectives, its credit policies, and procedure, and the underwriting process, as well as various Bank lending products; this includes...
Take your career to the next level! In the last few years our goal has been expansion, creating growth opportunities for many of our team members. Not only are we serious about growth, but we are...
Basic Qualifications - Bachelor's degree, or equivalent work experience - Five or more years of mortgage underwriting experience Preferred Skills/Experience - Advanced understanding of factors affecting...
Remote WorkJOB SUMMARY The Consumers Loan Underwriter, reporting to the Consumer Lending Manager, is responsible for reviewing all consumer loan applications, credit history of applicants, and all other pertinent...
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
- Military Background
- 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
- FHLMC
- Fannie Mae
- Loan Processing
- Freddie Mac
- Cross Selling
- OFAC
- Encompass
- Know Your Customer
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- USDA
- Cash Flow Analysis
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Taxes
- Portfolio Management
- Appraisal
- Risk Analysis
- Financial Analysis
- Real Estate
- Strategy Development
- Finance
- Closing
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Documentation
- Filing
- Reporting
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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