Loan Underwriter Jobs in Lincolnwood, 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.
Post Underwriter/ Loan Doc Specialist
- Chicago, IL (8 miles from Lincolnwood, IL)
- 1 day ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 1 day ago
Job Description Coordinates the loan documentation process by working with bankers and other parties, including, but not limited to, title companies, Retechs, legal counsel, Lending Services staff and...
Regional Credit Approval Officer
- Chicago, IL (8 miles from Lincolnwood, IL)
- 1 day ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 1 day 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 (16 miles from Lincolnwood, IL)
- 3 days ago
- Schaumburg, IL (16 miles from Lincolnwood, IL)
- 3 days ago
Basic Qualifications: Bachelor's degree in Finance, Accounting, Business or related field 3+ years wholesale/commercial credit underwriting experience and prior credit approval authority....
Remote WorkCRA Senior Residential Loan Manager
- Chicago, IL (8 miles from Lincolnwood, IL)
- 3 days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 3 days ago
Education Bachelor's Degree or equivalent combination of education and experience in Finance, Economics, & Real Estate Required Experience 2-4 years Mortgage lending in a financial institution and sales...
Sr Consultant, Credit & Political Risk - E&S/Specialty (Sr. Underwriter, Trade Credit)
- Chicago, IL (8 miles from Lincolnwood, IL)
- 4 days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 4 days ago
Understand and adhere to regulatory requirements and compliance standards in trade credit underwriting....
- Chicago, IL (8 miles from Lincolnwood, IL)
- 6 days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 6 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 (24 miles from Lincolnwood, IL)
- 8 days ago
- Elgin, IL (24 miles from Lincolnwood, IL)
- 8 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
- 12 days ago
- Lincolnwood, IL
- 12 days ago
Experience working with lender relationships and negotiating financing terms....
Senior Credit Underwriter, Global Wealth & Investment Management Custom Lending
- Chicago, IL (8 miles from Lincolnwood, IL)
- 24 days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 24 days ago
loan balance and revenue growth in a responsible and profitable manner, and managing a portfolio of existing lending relationships....
Senior Underwriter - LEAN CERTIFIED
- Chicago, IL (8 miles from Lincolnwood, IL)
- 28 days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 28 days ago
at KeyCorp in Chicago, Illinois, United States Job Description Location:127 Public Square - Cleveland, Ohio 44114 About the Job Perform due diligence and management activities for proposed...
Commercial Underwriter, Senior
- Chicago, IL (8 miles from Lincolnwood, IL)
- 45+ days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 45+ days ago
Expert skills with loan structuring, borrowing causes and lending regulations; to comply and conform to lending policies, guidelines, and standards....
Senior Underwriter II - Asset Based Finance
- Chicago, IL (8 miles from Lincolnwood, IL)
- 45+ days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 45+ days ago
Required Qualifications: 7+ years experience credit, underwriting, and structuring of corporate lending transactions....
- Chicago, IL (8 miles from Lincolnwood, IL)
- 60+ days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 60+ days ago
Expert skills with loan structuring, borrowing causes and lending regulations; to comply and conform to lending policies, guidelines, and standards....
Vice President, Private Credit Underwriter
- Chicago, IL (8 miles from Lincolnwood, IL)
- 60+ days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 60+ days ago
The ideal candidate has a strong understanding of credit underwriting and can demonstrate an ability to balance detail with broader issues, in both written and oral communication....
- Chicago, IL (8 miles from Lincolnwood, IL)
- 90+ days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 90+ days ago
The ideal candidate has a strong understanding of credit underwriting and can demonstrate an ability to balance detail with broader issues, in both written and oral communication....
Demographic Data for Lincolnwood, IL
Moving to Lincolnwood, IL? Find some basic demographic data about Lincolnwood, IL below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Lincolnwood, IL
Highest Education Level
Loan Underwriters in Lincolnwood, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- 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
- FHLMC
- Fannie Mae
- Loan Processing
- Freddie Mac
- Credit Underwriting
- OFAC
- Encompass
- Mortgage Processing
- Treasury Management
- Credit Analysis
- Mortgage Underwriting
- Financial Services
- USDA
- Cash Flow Analysis
- Balance Sheets
- Underwriting
- Internal Control
- Financial Statements
- Fraud Investigation
- Taxes
- Appraisal
- Portfolio Management
- Financial Modeling
- Financial Analysis
- Resolution
- Real Estate
- Customer Satisfaction
- Finance
- Closing
- Analytical Skills
- Process Improvement
- Accounting
- Quality Control
- Auditing
- Microsoft Outlook
- Mentoring
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Leadership
- Communication Skills
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