Loan Underwriter Jobs in Los Angeles, CA
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.
RN Case Manager - Loan Forgiveness - Full Time, Days (Culver City)
- Culver City, CA (8 miles from Los Angeles, CA)
- 12 days ago
- Culver City, CA (8 miles from Los Angeles, CA)
- 12 days ago
The RN Case Manager is responsible for performing clinical assessment and reassessment of acute care Inpatients for the purpose of performing utilization review, resource management and safe...
.: fund accounting, operations, OTC operations and OTC Pricing) relative to loan processing Serving as informational resource for loan products to SS&C GlobeOp clients and internal departments Train...
Account Executive Officer/Sr. Underwriter - Management Liability
- Glendale, CA (13 miles from Los Angeles, CA)
- 30+ days ago
- Glendale, CA (13 miles from Los Angeles, CA)
- 30+ days ago
Who Are We? Taking care of our customers, our communities and each other. Thats the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property...
Account Executive Officer/Sr. Underwriter - Cyber/Tech
- Diamond Bar, CA (24 miles from Los Angeles, CA)
- 45+ days ago
- Diamond Bar, CA (24 miles from Los Angeles, CA)
- 45+ days ago
Who Are We? Taking care of our customers, our communities and each other. Thats the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property...
processing tasks 3 MAJOR RESPONSIBILITIES & DUTIES Underwriting and Credit Analysis 60Perform underwriting for business loans assessing risk repayment ability and compliance with lending policies Analyze...
Demographic Data for Los Angeles, CA
Moving to Los Angeles, CA? Find some basic demographic data about Los Angeles, CA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Los Angeles, CA
Highest Education Level
Loan Underwriters in Los Angeles, CA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Property and Casualty Insurance
- CPCU
- Retail Banking
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Nationwide Mortgage Licensing System & Registry
- Federal National Morgage Association
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- FHLMC
- Loan Review
- Tila Respa Integrated Disclosures
- Conventional Loans
- Commercial Lending
- BSA
- Loan Processing
- Freddie Mac
- Private Banking
- Fannie Mae
- Cross Selling
- Mortgage Processing
- OFAC
- Financial Services
- Credit Analysis
- Cash Flow Analysis
- Mortgage Underwriting
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Risk Analysis
- Due Diligence
- Financial Analysis
- Real Estate
- Risk Management
- Closing
- Finance
- Decision Making
- Analytical Skills
- Negotiation
- Accounting
- Written Communication
- Documentation
- Verbal Communication
- Mentoring
- Coaching
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Problem Solving
- Regulations
- Microsoft Excel
- Microsoft Office
- Sales
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Loan Underwriter Related Career Advice Articles
How to Decide Between Investment Banking and Commercial Banking
Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.
Read article »
Career Spotlight: Personal Banker
What does a personal banker do? Is a personal banker salary rewarding? Get answers to these questions and more in our guide to personal banker careers.
Read article »