Loan Underwriter Jobs in San Jose, 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.
Sr. Commercial Credit Underwriter
- Livermore, CA (17 miles from San Jose, CA)
- 7 days ago
- Livermore, CA (17 miles from San Jose, CA)
- 7 days ago
The ideal candidate will have strong financial analysis skills, experience in underwriting commercial loans, and a keen understanding of market trends in both C&I and CRE lending....
Sr. Commercial Credit Underwriter
- Livermore, CA (17 miles from San Jose, CA)
- 10 days ago
- Livermore, CA (17 miles from San Jose, CA)
- 10 days ago
of troubled borrower relationships and/or adversely graded loans within the Banks loan portfolio while ensuring compliance with all applicable state and federal laws, rules and regulations and Bank lending...
Senior Underwriter - Housing Trust of Silicon Valley
- San Jose, CA
- 11 days ago
- San Jose, CA
- 11 days ago
Minimum Qualifications: Minimum 10 years of residential mortgage underwriting experience required In-depth knowledge of homebuyer assistance programs, FHA/VA/Conventional underwriting, and affordable...
Actively seeking an experienced SBA Loan Underwriter to: Underwrite SBA loans in accordance with the Bank’s policies and procedures....
Demographic Data for San Jose, CA
Moving to San Jose, CA? Find some basic demographic data about San Jose, CA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in San Jose, CA
Highest Education Level
Loan Underwriters in San Jose, CA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Military Background
- Reimbursement
- CPCU
- Mortgage Lending
- Loan Origination
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Conventional Loans
- Commercial Lending
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Credit Underwriting
- OFAC
- Encompass
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Financial Services
- USDA
- Cash Flow Analysis
- Underwriting
- Internal Control
- Financial Statements
- Fraud Investigation
- Taxes
- Portfolio Management
- Appraisal
- Financial Analysis
- Resolution
- Real Estate
- Relationship Management
- Finance
- Process Improvement
- Analytical Skills
- Accounting
- Quality Control
- Auditing
- Mentoring
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Communication Skills
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