Loan Underwriter Jobs in Hanover Park, 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.
Senior Credit Underwriter - Distribution Finance
- Schaumburg, IL (5 miles from Hanover Park, IL)
- 10 hours ago
- Schaumburg, IL (5 miles from Hanover Park, IL)
- 10 hours 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 WorkPrivate Bank Custom Credit Underwriter III
- Rosemont, IL (12 miles from Hanover Park, IL)
- 1 day ago
- Rosemont, IL (12 miles from Hanover Park, IL)
- 1 day ago
Make banking a Fifth Third better We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION: Provide...
- Hickory Hills, IL (23 miles from Hanover Park, IL)
- 3 days ago
- Hickory Hills, IL (23 miles from Hanover Park, IL)
- 3 days ago
This role has the primary responsibility of underwriting lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards....
- West Chicago, IL (6 miles from Hanover Park, IL)
- 7 days ago
- West Chicago, IL (6 miles from Hanover Park, IL)
- 7 days ago
Bank's ABS lending portfolio....
E&S Casualty Underwriter (Senior or AVP)
- Schaumburg, IL (5 miles from Hanover Park, IL)
- 10 days ago
- Schaumburg, IL (5 miles from Hanover Park, IL)
- 10 days ago
Zurich is currently looking to hire an experienced E&S Primary Casualty Underwriter (Senior or AVP) to join the new E&S Primary Casualty team in the central region: Schaumburg, IL, Chicago, IL,...
Commercial Credit Underwriter I, II
- Downers Grove, IL (12 miles from Hanover Park, IL)
- 20 days ago
- Downers Grove, IL (12 miles from Hanover Park, IL)
- 20 days ago
Perform basic underwriting in commercial lending, producing thorough and accurate analytical packages that include all relevant risks, trends and industry information....
- Lake Forest, IL (22 miles from Hanover Park, IL)
- 30+ days ago
- Lake Forest, IL (22 miles from Hanover Park, IL)
- 30+ days ago
Knowledge in all levels of mortgage underwriting, including conventional loan guidelines, and mortgage insurance policies like UCDP & SSR....
Demographic Data for Hanover Park, IL
Moving to Hanover Park, IL? Find some basic demographic data about Hanover Park, IL below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Hanover Park, IL
Required or preferred licenses and certifications for Loan Underwriter positions.
Highest Education Level
Loan Underwriters in Hanover Park, IL 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
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- Tila Respa Integrated Disclosures
- VA Loans
- Conventional Loans
- BSA
- Loan Processing
- Federal National Morgage Association
- Commercial Lending
- Encompass
- Freddie Mac
- Know Your Customer
- Fannie Mae
- FHLMC
- Cross Selling
- OFAC
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Cash Flow Analysis
- USDA
- Underwriting
- Anti-Money Laundering
- Financial Statements
- Portfolio Management
- Appraisal
- Due Diligence
- Financial Analysis
- Real Estate
- Risk Management
- Finance
- Closing
- Decision Making
- High School Diploma
- Negotiation
- Written Communication
- Documentation
- Accounting
- Coaching
- Mentoring
- Collaboration
- Policy Development
- Bachelor's Degree
- Filing
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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