Loan Underwriter Jobs in Addison, IL
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.
Underwriter Senior - Home Lending
- Downers Grove, IL (8 miles from Addison, IL)
- 2 days ago
- Downers Grove, IL (8 miles from Addison, IL)
- 2 days ago
Basic Qualifications: High school diploma or equivalent Three or more years of mortgage underwriting experience in the 1st mortgage arena (includes FHMA and FHLMC) Must have recent underwriting experience...
Remote Work- Chicago, IL (18 miles from Addison, IL)
- 2 days ago
- Chicago, IL (18 miles from Addison, IL)
- 2 days ago
Applies lending expertise to a lending and deposit portfolio of accounts or part of the lending process (e.g. underwriting, funding, monitoring)....
Senior Underwriter - Commercial Bonds
- Chicago, IL (18 miles from Addison, IL)
- 8 days ago
- Chicago, IL (18 miles from Addison, IL)
- 8 days ago
Senior Underwriter - Commerical Bonds Scottsdale, AZ | Dallas, TX | New York, NY | Chicago, IL | USA The primary focus of this role is on broad territory management, which includes relationship,...
Senior Underwriter, Inland Marine
- Chicago, IL (18 miles from Addison, IL)
- 8 days ago
- Chicago, IL (18 miles from Addison, IL)
- 8 days ago
Senior Underwriter, Inland Marine Chicago, IL | New York, NY I Boston, MA | USA As a Senior Underwriter, you will be responsible for delivering a profitable 'Underwriting' service to your clients....
- Chicago, IL (18 miles from Addison, IL)
- 8 days ago
- Chicago, IL (18 miles from Addison, IL)
- 8 days ago
What you'll be doing The primary focus of this role is on broad territory management, which includes relationship, underwriting and expense management. This role develops and maintains business...
Commercial Credit Underwriter I-II
- Chicago, IL (18 miles from Addison, IL)
- 9 days ago
- Chicago, IL (18 miles from Addison, IL)
- 9 days ago
Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and...
Commercial Surety Underwriter/Credit Analyst
- Chicago, IL (18 miles from Addison, IL)
- 12 days ago
- Chicago, IL (18 miles from Addison, IL)
- 12 days ago
at Travelers Insurance Company in Chicago, Illinois, United States Job Description Who Are We? Taking care of our customers, our communities and each other. That's the Travelers Promise. By...
Commercial Surety Underwriter/Credit Analyst
- Downers Grove, IL (8 miles from Addison, IL)
- 15 days ago
- Downers Grove, IL (8 miles from Addison, IL)
- 15 days ago
Who Are We? Taking care of our customers, our communities and each other. Thats the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property...
Regional Credit Approval Officer
- Chicago, IL (18 miles from Addison, IL)
- 19 days ago
- Chicago, IL (18 miles from Addison, IL)
- 19 days ago
Job Description As a Regional Credit Approval Officer, you will be responsible for assessing and managing the credit risk of commercial real estate lending transactions, working closely and collaboratively...
Senior Credit Underwriter - Distribution Finance
- Schaumburg, IL (7 miles from Addison, IL)
- 20 days ago
- Schaumburg, IL (7 miles from Addison, IL)
- 20 days ago
Experience with deal sizes ranging from $2MM to $10MM preferred Experience in lending to a wide variety of industries, loan types, and sizes of companies preferred Strong written and verbal communication...
Remote Work- Chicago, IL (18 miles from Addison, IL)
- 23 days ago
- Chicago, IL (18 miles from Addison, IL)
- 23 days ago
In this role, you will be responsible to review and underwrite residential loan applications of different levels of complexity in a high-volume setting. Complete loan applications while being in...
Remote WorkInsurance Underwriter Real Estate Investor P&C
- Elgin, IL (12 miles from Addison, IL)
- 26 days ago
- Elgin, IL (12 miles from Addison, IL)
- 26 days ago
Insurance Underwriter Real Estate Investor P&C Job Employer Name:SpiderID: 13930813 Location: Elgin, IllinoisDate Posted: 1/22/2025 Wage: 120k to 175kCategory: Insurance Job Code: 62611 Job...
Remote WorkReal Estate Underwriter and Operations Manager
- Lincolnwood, IL (13 miles from Addison, IL)
- 29 days ago
- Lincolnwood, IL (13 miles from Addison, IL)
- 29 days ago
Experience working with lender relationships and negotiating financing terms....
Senior Credit Underwriter, Global Wealth & Investment Management Custom Lending
- Chicago, IL (18 miles from Addison, IL)
- 30+ days ago
- Chicago, IL (18 miles from Addison, IL)
- 30+ days ago
loan balance and revenue growth in a responsible and profitable manner, and managing a portfolio of existing lending relationships....
Senior Underwriter II - Asset Based Finance
- Chicago, IL (18 miles from Addison, IL)
- 60+ days ago
- Chicago, IL (18 miles from Addison, IL)
- 60+ days ago
Required Qualifications: 7+ years experience credit, underwriting, and structuring of corporate lending transactions....
Demographic Data for Addison, IL
Moving to Addison, IL? Find some basic demographic data about Addison, IL below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Addison, IL
Highest Education Level
Loan Underwriters in Addison, IL 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
- 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
- Credit Underwriting
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- VA Loans
- OFAC
- Encompass
- Know Your Customer
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- USDA
- Cash Flow Analysis
- Balance Sheets
- Underwriting
- Financial Statements
- Taxes
- Portfolio Management
- Financial Modeling
- Appraisal
- Risk Analysis
- Financial Analysis
- Resolution
- Real Estate
- Relationship Management
- Finance
- Closing
- Analytical Skills
- Accounting
- Auditing
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Documentation
- Reporting
- Filing
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Organization
- Customer Service
- Leadership
- Communication Skills
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