Loan Underwriter Jobs in Lincolnshire, 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 Underwriter - Commercial Bonds
- Chicago, IL (23 miles from Lincolnshire, IL)
- 1 day ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 1 day 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 (23 miles from Lincolnshire, IL)
- 1 day ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 1 day 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 (23 miles from Lincolnshire, IL)
- 1 day ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 1 day 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...
Senior Project Manager (Loan Orientation) in Chicago, IL
- Chicago, IL (23 miles from Lincolnshire, IL)
- 2 days ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 2 days ago
Senior Project Manager Line of Business: Lending Est. Start Date: ASAP End Date: 12 months from start Length of Contract: 12 months Possibility of Extension?: Yes Possibility of FTE?...
Commercial Credit Underwriter I-II
- Chicago, IL (23 miles from Lincolnshire, IL)
- 2 days ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 2 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 (23 miles from Lincolnshire, IL)
- 5 days ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 5 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...
Regional Credit Approval Officer
- Chicago, IL (23 miles from Lincolnshire, IL)
- 12 days ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 12 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 (13 miles from Lincolnshire, IL)
- 13 days ago
- Schaumburg, IL (13 miles from Lincolnshire, IL)
- 13 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 WorkSr Consultant, Credit & Political Risk - E&S/Specialty (Sr. Underwriter, Trade Credit)
- Chicago, IL (23 miles from Lincolnshire, IL)
- 15 days ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 15 days ago
If you're passionate about helping people protect what matters most to them, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide's...
- Chicago, IL (23 miles from Lincolnshire, IL)
- 16 days ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 16 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 (19 miles from Lincolnshire, IL)
- 19 days ago
- Elgin, IL (19 miles from Lincolnshire, IL)
- 19 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 (15 miles from Lincolnshire, IL)
- 22 days ago
- Lincolnwood, IL (15 miles from Lincolnshire, IL)
- 22 days ago
Experience working with lender relationships and negotiating financing terms....
Senior Credit Underwriter, Global Wealth & Investment Management Custom Lending
- Chicago, IL (23 miles from Lincolnshire, IL)
- 30+ days ago
- Chicago, IL (23 miles from Lincolnshire, 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 (23 miles from Lincolnshire, IL)
- 60+ days ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 60+ days ago
Required Qualifications: 7+ years experience credit, underwriting, and structuring of corporate lending transactions....
Vice President, Private Credit Underwriter
- Chicago, IL (23 miles from Lincolnshire, IL)
- 60+ days ago
- Chicago, IL (23 miles from Lincolnshire, IL)
- 60+ days ago
presentations), communication with transaction participants (senior and subordinated lenders, the private equity sponsor, and the target company), and legal documentation and closing process What Youll...
Demographic Data for Lincolnshire, IL
Moving to Lincolnshire, IL? Find some basic demographic data about Lincolnshire, IL below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Lincolnshire, IL
Highest Education Level
Loan Underwriters in Lincolnshire, 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
- CPCU
- 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
- Freddie Mac
- Loan Processing
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Financial Services
- USDA
- Cash Flow Analysis
- Internal Control
- Underwriting
- Financial Statements
- Fraud Investigation
- Portfolio Management
- Risk Analysis
- Appraisal
- Financial Analysis
- Resolution
- Real Estate
- Finance
- Analytical Skills
- Accounting
- Quality Control
- Auditing
- Negotiation
- Mentoring
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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