Loan Underwriter Jobs in Watertown, CT
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.
Senior Analyst, Mortgage Underwriter
- Plantsville, CT (9 miles from Watertown, CT)
- 9 days ago
- Plantsville, CT (9 miles from Watertown, CT)
- 9 days ago
Responsibilities: Review and analyze entire loan file towards a lending mandate and to underwrite mortgage applications within current lending policy....
- Southbury, CT (11 miles from Watertown, CT)
- 15 days ago
- Southbury, CT (11 miles from Watertown, CT)
- 15 days ago
For more than two decades, Premier Financial Services has been recognized within the automotive industry as an innovator and nationwide leader in lease financing of new and previously owned...
- Middletown, CT (22 miles from Watertown, CT)
- 45+ days ago
- Middletown, CT (22 miles from Watertown, CT)
- 45+ days ago
SUMMARY OF THE JOB : Reporting to the Loan Review Manager, the incumbent is responsible for providing an independent quality review of the Bank’s commercial lending portfolio and lending practices....
Senior Analyst Mortgage Underwriter Consumer Finance
- Southington, CT (10 miles from Watertown, CT)
- 90+ days ago
- Southington, CT (10 miles from Watertown, CT)
- 90+ days ago
In depth understand of loan origination system. Encompass preferred Strong PC skills to include Microsoft Word and Excel....
Demographic Data for Watertown, CT
Moving to Watertown, CT? Find some basic demographic data about Watertown, CT below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Watertown, CT
Required or preferred licenses and certifications for Loan Underwriter positions.
Highest Education Level
Loan Underwriters in Watertown, CT offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Presentation
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- Tila Respa Integrated Disclosures
- Conventional Loans
- Commercial Lending
- BSA
- Loan Processing
- Federal National Morgage Association
- Encompass
- Freddie Mac
- Fannie Mae
- FHLMC
- Cross Selling
- OFAC
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Cash Flow Analysis
- USDA
- Underwriting
- Anti-Money Laundering
- Financial Statements
- Portfolio Management
- Financial Modeling
- Appraisal
- Due Diligence
- Financial Analysis
- Real Estate
- Risk Management
- Closing
- Finance
- Decision Making
- Analytical Skills
- High School Diploma
- Negotiation
- Accounting
- Written Communication
- Documentation
- Coaching
- Mentoring
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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