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.

1-15 of 199 Jobs

SBA Credit Underwriter

  • Des Plaines, IL
  • 1 hour ago
  • Des Plaines, IL
  • 1 hour ago

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....

Residential Mortgage Analyst

  • AZ
  • 4 hours ago
  • AZ
  • 4 hours ago

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...

Loan Review Analyst

  • New York, NY
  • 4 hours ago
  • New York, NY
  • 4 hours ago

Understanding of credit processes, such as loan origination and underwriting; portfolio management and CECL....

Senior Underwriter

  • Charlotte, NC
  • 5 hours ago
  • Charlotte, NC
  • 5 hours ago

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...

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....

Credit Underwriter III

  • Overland Park, KS
  • 9 hours ago
  • Overland Park, KS
  • 9 hours ago

Experience with international lending....

Senior Underwriter

  • Atlanta, GA
  • 18 hours ago
  • Atlanta, GA
  • 18 hours ago

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...

Residential Mortgage Analyst

  • Springfield, IL
  • 18 hours ago
  • Springfield, IL
  • 18 hours ago

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...

Consumer Lending Specialist

  • Grand Rapids, MI
  • 19 hours ago
  • Grand Rapids, MI
  • 19 hours ago

Position Summary The Senior Consumer Lending Sales Specialist (Sr....

Mortgage Underwriter

  • Canfield, OH
  • 20 hours ago
  • Canfield, OH
  • 20 hours ago

Written, Presentations), Organization, Teamwork, Problem Solving, and Consultative Sales Knowledge of mortgage lending functions Ability to effectively use computer software and systems Knowledge of...

MFD Senior Underwriter

  • Phoenix, AZ
  • 1 day ago
  • Phoenix, AZ
  • 1 day ago

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...

Mortgage Underwriter/Closer

  • Ypsilanti, MI
  • 1 day ago
  • Ypsilanti, MI
  • 1 day ago

Ability to register with the Nationwide Mortgage Licensing System & Registry (NMLS)....

Mortgage Loan Underwriter

  • Lafayette, LA
  • 1 day ago
  • Lafayette, LA
  • 1 day ago

Instruct Mortgage Loan Originators and Mortgage Loan Processors on any errors for training purposes....

Mortgage Underwriter

  • Baton Rouge, LA
  • 1 day ago
  • Baton Rouge, LA
  • 1 day ago

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

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Qard Basics: Benevolent Loans in Islamic Finance
When someone provides a qard, the borrower is obligated to repay only the principal amount borrowed. As a benevolent loan, qard stands as a testament to the prohibition of usury (riba) in Islam,...
Financial Math for Actuaries: From Loans to Bonds to Immunization
Start your actuarial career! Study the time value of money by learning about loans, bond valuation, duration, convexity, spot rates, forward rates and the term structure of interest rates. This...
Get hired as a mortgage underwriter
Are you ready to kickstart a rewarding career in the mortgage industry? This course is your ultimate guide to becoming a mortgage underwriter-one of the most critical roles in the home lending...

Salary for Loan Underwriter Jobs Nationwide

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Underwriters offer the following education background
Bachelor's Degree
44.6%
Master's Degree
16.7%
High School or GED
14.5%
Associate's Degree
11.2%
Vocational Degree or Certification
8.9%
Some College
2.5%
Doctorate Degree
1.2%
Some High School
0.4%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Underwriters
4-6 years
40.5%
2-4 years
30.9%
Less than 1 year
14.0%
10+ years
6.3%
1-2 years
6.1%
6-8 years
2.2%



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