Loan Underwriter Jobs in Gainesville, GA
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 Underwriter, Commercial Surety
- Liberty Mutual Insurance
- Suwanee, GA (23 miles from Gainesville, GA)
- 16 hours ago
- Liberty Mutual Insurance
- Suwanee, GA (23 miles from Gainesville, GA)
- 16 hours ago
Schedule: Full-Time Salary Range: USD $68000.00 - $176000.00 Job Category: Underwriting Description Liberty Mutual Surety is currently recruiting for a Senior Surety Underwriter to join our...
Demographic Data for Gainesville, GA
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Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Gainesville, GA
Highest Education Level
Loan Underwriters in Gainesville, GA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Estimating
- Property and Casualty Insurance
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- Conventional Loans
- Commercial Lending
- BSA
- Federal National Morgage Association
- FHLMC
- Loan Processing
- Freddie Mac
- Private Banking
- Fannie Mae
- Cross Selling
- Encompass
- OFAC
- Mortgage Processing
- Financial Services
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- Capital Markets
- USDA
- Underwriting
- Financial Statements
- Portfolio Management
- Appraisal
- Due Diligence
- Financial Analysis
- File Management
- Real Estate
- Closing
- Finance
- Decision Making
- Analytical Skills
- Accounting
- Negotiation
- Written Communication
- Documentation
- Verbal Communication
- Telephone Skills
- Coaching
- Mentoring
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Problem Solving
- Regulations
- Microsoft Excel
- Microsoft Office
- Sales
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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