Loan Underwriter Jobs in Thornton, CO
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.
Compliance Manager / Loan Closing Associate
- Englewood, CO (11 miles from Thornton, CO)
- 9 days ago
- Englewood, CO (11 miles from Thornton, CO)
- 9 days ago
CoreVest is the leading private lender to residential real estate investors nationwide....
- Englewood, CO (11 miles from Thornton, CO)
- 17 days ago
- Englewood, CO (11 miles from Thornton, CO)
- 17 days ago
Please note that this role is open to Remote, Denver, CO, and Mill Valley, CA Position Summary The position requires expert mortgage underwriting and credit knowledge, clear communication skills, consistently...
Demographic Data for Thornton, CO
Moving to Thornton, CO? Find some basic demographic data about Thornton, CO below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Thornton, CO
Highest Education Level
Loan Underwriters in Thornton, CO offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Presentation
- Military Background
- Reimbursement
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Conventional Loans
- Commercial Lending
- Credit Underwriting
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- VA Loans
- OFAC
- Encompass
- Know Your Customer
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- USDA
- Cash Flow Analysis
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Taxes
- Portfolio Management
- Financial Modeling
- Risk Analysis
- Appraisal
- Financial Analysis
- Real Estate
- Risk Management
- Strategy Development
- Finance
- Closing
- Accounting
- Negotiation
- Written Communication
- Verbal Communication
- Collaboration
- Mentoring
- Documentation
- Reporting
- Filing
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- 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 »