Loan Underwriter Jobs in Bartlett, 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 (14 miles from Bartlett, IL)
- 7 days ago
- Downers Grove, IL (14 miles from Bartlett, IL)
- 7 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 WorkCommercial Surety Underwriter/Credit Analyst
- Downers Grove, IL (14 miles from Bartlett, IL)
- 21 days ago
- Downers Grove, IL (14 miles from Bartlett, IL)
- 21 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...
Senior Credit Underwriter - Distribution Finance
- Schaumburg, IL (7 miles from Bartlett, IL)
- 25 days ago
- Schaumburg, IL (7 miles from Bartlett, IL)
- 25 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 WorkInsurance Underwriter Real Estate Investor P&C
- Elgin, IL (3 miles from Bartlett, IL)
- 30+ days ago
- Elgin, IL (3 miles from Bartlett, IL)
- 30+ 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 Work/19438/db0b4d48-6094-4564-8e37-56921403180f.png&z=8&s=BNK&ih_t=6%2F26%2F2025+5%3A45%3A44+AM&utm_medium=internal%20referrer&utm_campaign=internal-ihire-resume-builder&utm_content=ihire&utm_term=sf_serp_searchresults_position_5&dt=Desktop)
Real Estate Underwriter and Operations Manager
- Lincolnwood, IL (23 miles from Bartlett, IL)
- 30+ days ago
- Lincolnwood, IL (23 miles from Bartlett, IL)
- 30+ days ago
Experience working with lender relationships and negotiating financing terms....
Demographic Data for Bartlett, IL
Moving to Bartlett, IL? Find some basic demographic data about Bartlett, IL below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Bartlett, IL
Highest Education Level
Loan Underwriters in Bartlett, IL 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
- 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
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- USDA
- Cash Flow Analysis
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Anti-Money Laundering
- Taxes
- Portfolio Management
- Financial Modeling
- Appraisal
- Risk Analysis
- Financial Analysis
- Resolution
- Real Estate
- Strategy Development
- Finance
- Closing
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Mentoring
- Documentation
- Bachelor's Degree
- Reporting
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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