Loan Underwriter Jobs in Lombard, 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.

1-15 of 19 Jobs

Senior Credit Underwriter, Global Wealth & Investment Management Custom Lending

Chicago, IL (18 miles from Lombard, IL)
15 hours ago

Chicago, IL (18 miles from Lombard, IL)
15 hours ago

loan balance and revenue growth in a responsible and profitable manner, and managing a portfolio of existing lending relationships....

E&S Primary Casualty Underwriter, Senior or AVP

Chicago, IL (18 miles from Lombard, IL)
1 day ago

Chicago, IL (18 miles from Lombard, IL)
1 day ago

Zurich is currently looking to hire an experienced E&S Primary Casualty Underwriter to join the new E&S Primary Casualty team in Phoenix, Dallas, or Houston! While this position will be based out...

Sr Underwriter/Underwriter-Corporate Real Estate Banking

Chicago, IL (18 miles from Lombard, IL)
2 days ago

Chicago, IL (18 miles from Lombard, 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...

Credit Approval Officer

West Chicago, IL (9 miles from Lombard, IL)
2 days ago

West Chicago, IL (9 miles from Lombard, IL)
2 days ago

Expert knowledge of credit and lending policies. Demonstrated relationship management and leadership skills....

E&S Casualty Underwriter (Senior or AVP)

Schaumburg, IL (11 miles from Lombard, IL)
5 days ago

Schaumburg, IL (11 miles from Lombard, IL)
5 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,...

National Account Excess Casualty Underwriter (Senior or AVP)

Chicago, IL (18 miles from Lombard, IL)
6 days ago

Chicago, IL (18 miles from Lombard, IL)
6 days ago

at Zurich NA in Chicago, Illinois, United States Job Description National Account Excess Casualty Underwriter (Senior or AVP ) 123751 Zurich is seeking an experienced National Account Excess...

Remote Work

Sr. Underwriter, Private Banking

Chicago, IL (18 miles from Lombard, IL)
9 days ago

Chicago, IL (18 miles from Lombard, IL)
9 days ago

About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud...

Regional Credit Approval Officer

Chicago, IL (18 miles from Lombard, IL)
10 days ago

Chicago, IL (18 miles from Lombard, IL)
10 days ago

Job Description 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...

Commercial Credit Underwriter I, II

Downers Grove, IL (4 miles from Lombard, IL)
15 days ago

Downers Grove, IL (4 miles from Lombard, IL)
15 days ago

Perform basic underwriting in commercial lending, producing thorough and accurate analytical packages that include all relevant risks, trends and industry information....

Underwriter - Commercial Real Estate Banking Underwriter - Commercial Real Estate Banking

Chicago, IL (18 miles from Lombard, IL)
15 days ago

Chicago, IL (18 miles from Lombard, IL)
15 days ago

Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans. Underwriter then presents SER at quarterly SER meetings....

Mortgage Underwriter

Chicago, IL (18 miles from Lombard, IL)
17 days ago

Chicago, IL (18 miles from Lombard, IL)
17 days ago

Basic Qualifications - Bachelor's degree, or equivalent work experience - Five or more years of mortgage underwriting experience Preferred Skills/Experience - Advanced understanding of factors affecting...

Underwriter/Senior Underwriter II - Asset Based Finance

Chicago, IL (18 miles from Lombard, IL)
22 days ago

Chicago, IL (18 miles from Lombard, IL)
22 days ago

of corporate lending transactions for the AB Sr....

Account Executive Officer/Sr. Underwriter, National Accounts

Chicago, IL (18 miles from Lombard, IL)
25 days ago

Chicago, IL (18 miles from Lombard, IL)
25 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...

Credit Underwriter - Law Firms and Professional Services

Chicago, IL (18 miles from Lombard, IL)
27 days ago

Chicago, IL (18 miles from Lombard, IL)
27 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, Management Liability/D&O

Chicago, IL (18 miles from Lombard, IL)
28 days ago

Chicago, IL (18 miles from Lombard, IL)
28 days ago

at ACE American Insurance Company (Chubb) in Chicago, Illinois, United States Job Description Senior Underwriter, Management Liability/D&O (ACE American Insurance Company (Chubb), Chicago, IL):...

Remote Work

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Demographic Data for Lombard, IL

Moving to Lombard, IL? Find some basic demographic data about Lombard, IL below.

Median Age

Average Household Income

Home Value vs Household Income in Lombard, IL

Local

National

Total Population

52,794

Number of Businesses

1,908

City Size

Medium

Loan Underwriter Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.

Generative AI for Loan Underwriters

This course, Generative AI for Loan Underwriters, offers a cutting-edge curriculum designed to transform traditional credit assessment through the power of AI. It begins with a foundational...

Qard Basics: Benevolent Loans in Islamic Finance

When someone provides a qard, the borrower is obligated to repay only the principal amount borrowed. As a benevolent loan, qard stands as a testament to the prohibition of usury (riba) in Islam,...

Financial Math for Actuaries: From Loans to Bonds to Immunization

Start your actuarial career! Study the time value of money by learning about loans, bond valuation, duration, convexity, spot rates, forward rates and the term structure of interest rates. This...

Salary for Loan Underwriter Jobs in Lombard, IL

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Licensing / Certification

Required or preferred licenses and certifications for Loan Underwriter positions.

Chartered Financial Analyst

Highest Education Level

Loan Underwriters in Lombard, IL offer the following education background

Bachelor's Degree

44.6%

Master's Degree

16.7%

High School or GED

14.5%

Associate's Degree

11.2%

Vocational Degree or Certification

8.9%

Some College

2.5%

Doctorate Degree

1.2%

Some High School

0.4%

Average Work Experience

Here's a breakdown of the number of years' experience offered by Loan Underwriters in Lombard, IL

4-6 years

40.5%

2-4 years

30.9%

Less than 1 year

14.0%

10+ years

6.3%

1-2 years

6.1%

6-8 years

2.2%

Qualifications / Skill Sets

The following top skills are often required or desired to land a Loan Underwriter position

In-Demand skills () are the most popular among employers according to the current jobs in our database. Last updated today!

Other Career Titles

Here are some other career titles that require similar skills

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