Loan Underwriter Jobs in Schaumburg, 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.
Credit Underwriter Law Firms and Professional Services
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 hours ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 hours ago
Applies lending expertise to a lending and deposit portfolio of accounts or part of the lending process (e.g. underwriting, funding, monitoring)....
- Chicago, IL (23 miles from Schaumburg, IL)
- 1 day ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 1 day ago
The Senior Property Underwriter will manage a property renewal book while also producing new business. The position will primarily be focused on underwriting mono-line property opportunities....
Underwriter - Commercial Real Estate Banking
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans. Underwriter then presents SER at quarterly SER meetings....
US Operational Risk Manager - Loan & Deposit Operations
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
Were building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing whats right for our clients. At CIBC, we embrace your...
Underwriter Senior - Home Lending
- Downers Grove, IL (15 miles from Schaumburg, IL)
- 7 days ago
- Downers Grove, IL (15 miles from Schaumburg, 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 Work- Chicago, IL (23 miles from Schaumburg, IL)
- 8 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 8 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 - Commercial Bonds
- Chicago, IL (23 miles from Schaumburg, IL)
- 13 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 13 days 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 Schaumburg, IL)
- 13 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 13 days 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 Schaumburg, IL)
- 13 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 13 days 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...
Commercial Credit Underwriter I-II
- Chicago, IL (23 miles from Schaumburg, IL)
- 15 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 15 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 Schaumburg, IL)
- 17 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 17 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...
Commercial Surety Underwriter/Credit Analyst
- Downers Grove, IL (15 miles from Schaumburg, IL)
- 21 days ago
- Downers Grove, IL (15 miles from Schaumburg, 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...
Regional Credit Approval Officer
- Chicago, IL (23 miles from Schaumburg, IL)
- 24 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 24 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
- 25 days ago
- Schaumburg, 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 Work- Chicago, IL (23 miles from Schaumburg, IL)
- 29 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 29 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 WorkDemographic Data for Schaumburg, IL
Moving to Schaumburg, IL? Find some basic demographic data about Schaumburg, IL below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Schaumburg, IL
Highest Education Level
Loan Underwriters in Schaumburg, 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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