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.
Work Locations: - Atlanta, GA - Charlotte, NC - Plano, TX - Phoenix, AZ We need more recent full underwriting experience....
organization Proficient in the Microsoft suite with an emphasis on excel Desired Skills: Interpret Relevant Laws, Rules, and Regulations HUD DE and VA LAPP/Automatic Certifications preferred Skills Underwriting...
We need more recent full underwriting experience. (FHA, Conventional and VA sr underwriting experience required as base knowledge to then build and train on our Home Loans Credit Testing scope.)...
Required Qualifications: Minimum of three (3) years of experience in a customer service or sales position, with two (2) years of experience in the Consumer Lending and/or Financial Services industry...
Scope of Responsibilities: Incumbent is to ensure credit requests are underwritten in accordance with Bank policy and Business Banking underwriting guidelines in a timely manner....
ESSENTIAL FUNCTIONS AND BASIC DUTIES Underwrite and authorize residential loan applications in accordance with policies, procedures and prudent underwriting guidelines and practices within approved...
the automated underwriting and email systems....
SUPERVISOR MORTGAGE LOAN UNDERWRITER* WHAT IS THE OPPORTUNITY?...
Commercial Loan Underwriter - Industrial** The Commercial Loan Underwriter - Industrial will underwrite commercial lending opportunities in an assigned territory, focusing on working capital lines of...
Job Description We are seeking a Senior Underwriter with a strong background in Middle Market lending to join our Credit Underwriting team....
Thorough understanding and strong working knowledge of credit, underwriting, credit policy and financial statement analysis and property evaluation....
Basic Qualifications: Bachelor's degree in Finance, Accounting, Business or related field 3+ years wholesale/commercial credit underwriting experience including prior credit approval authority....
Remote Workprocessing Point-of-contact for Support Lead or assist Testing Lead when needed Required Education & Experience: Bachelor's Degree or equivalent experience Minimum 5 years' experience in residential loan underwriting...
lending Registered with the Nationwide Mortgage Licensing System & Registry (NMLS)....
Loan Review Analyst 3.4 3.4 out of 5 stars 214 Overlook Circle, Brentwood, TN 37027 First Financial Bank Job Description Job Title Loan Review Analyst Status Hourly Reports To Manager - Loan...
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
- Reimbursement
- Federal National Morgage Association
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Loan Documentation
- FHLMC
- Jumbo Loans
- Federal Housing Administration
- Commercial Banking
- BSA
- Loan Review
- Freddie Mac
- Conventional Loans
- Commercial Lending
- Know Your Customer
- Loan Processing
- Credit Underwriting
- Mortgage Processing
- Encompass
- Treasury Management
- Credit Analysis
- USDA
- Mortgage Underwriting
- Cash Flow Analysis
- Loan Servicing
- Financial Services
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Taxes
- Financial Modeling
- Due Diligence
- Financial Analysis
- Resolution
- Real Estate
- Risk Management
- Finance
- Closing
- Accounting
- Decision Making
- Prioritizing
- Written Communication
- Verbal Communication
- Auditing
- Documentation
- Reporting
- Bachelor's Degree
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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