Loan Underwriter Jobs in Rancho Cordova, 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.
VP Portfolio Manager-Loan Participation Group
- Sacramento, CA (12 miles from Rancho Cordova, CA)
- 4 hours ago
- Sacramento, CA (12 miles from Rancho Cordova, CA)
- 4 hours ago
Prior experience in leveraged cash flow lending highly desirable....
Senior Real Estate Underwriter
- Folsom, CA (7 miles from Rancho Cordova, CA)
- 8 days ago
- Folsom, CA (7 miles from Rancho Cordova, CA)
- 8 days ago
ESSENTIAL FUNCTIONS AND BASIC DUTIES Underwrite and authorize residential loan applications in accordance with policies, procedures and prudent underwriting guidelines and practices within approved...
Commercial Loan Underwriter - Industrial
- Sacramento, CA (12 miles from Rancho Cordova, CA)
- 9 days ago
- Sacramento, CA (12 miles from Rancho Cordova, CA)
- 9 days ago
Commercial Loan Underwriter - Industrial** The Commercial Loan Underwriter - Industrial will underwrite commercial lending opportunities in an assigned territory, focusing on working capital lines of...
Demographic Data for Rancho Cordova, CA
Moving to Rancho Cordova, CA? Find some basic demographic data about Rancho Cordova, CA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Rancho Cordova, CA
Highest Education Level
Loan Underwriters in Rancho Cordova, CA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Reimbursement
- Mortgage Lending
- Federal National Morgage Association
- Loan Origination
- Lending
- Loan Documentation
- FHLMC
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- BSA
- Loan Review
- Conventional Loans
- Know Your Customer
- Commercial Banking
- Commercial Lending
- Freddie Mac
- Loan Processing
- Credit Underwriting
- Mortgage Processing
- Treasury Management
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- Financial Services
- USDA
- Loan Servicing
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Taxes
- Due Diligence
- Financial Analysis
- Resolution
- Real Estate
- Customer Satisfaction
- Finance
- Closing
- Accounting
- Process Improvement
- Quality Control
- Decision Making
- Written Communication
- Auditing
- Documentation
- Mentoring
- Bachelor's Degree
- Reporting
- Regulations
- Policy Development
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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