Loan Underwriter Jobs in Thornton, 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.
- Hickory Hills, IL (15 miles from Thornton, IL)
- 1 day ago
- Hickory Hills, IL (15 miles from Thornton, IL)
- 1 day 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....
Account Executive Officer/Sr. Underwriter, National Accounts
- Chicago, IL (23 miles from Thornton, IL)
- 8 days ago
- Chicago, IL (23 miles from Thornton, IL)
- 8 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 (23 miles from Thornton, IL)
- 15 days ago
- Chicago, IL (23 miles from Thornton, IL)
- 15 days ago
Applies lending expertise to a lending and deposit portfolio of accounts or part of the lending process (e.g. underwriting, funding, monitoring). + Identifies cross-selling opportunities to increase...
- Chicago, IL (23 miles from Thornton, IL)
- 16 days ago
- Chicago, IL (23 miles from Thornton, IL)
- 16 days 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 Thornton, IL)
- 17 days ago
- Chicago, IL (23 miles from Thornton, IL)
- 17 days ago
Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans. Underwriter then presents SER at quarterly SER meetings....
- Chicago, IL (23 miles from Thornton, IL)
- 23 days ago
- Chicago, IL (23 miles from Thornton, IL)
- 23 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 Thornton, IL)
- 28 days ago
- Chicago, IL (23 miles from Thornton, IL)
- 28 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 Thornton, IL)
- 28 days ago
- Chicago, IL (23 miles from Thornton, IL)
- 28 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....
Commercial Credit Underwriter I-II
- Chicago, IL (23 miles from Thornton, IL)
- 30+ days ago
- Chicago, IL (23 miles from Thornton, IL)
- 30+ 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...
Regional Credit Approval Officer
- Chicago, IL (23 miles from Thornton, IL)
- 30+ days ago
- Chicago, IL (23 miles from Thornton, IL)
- 30+ 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, Global Wealth & Investment Management Custom Lending
- Chicago, IL (23 miles from Thornton, IL)
- 60+ days ago
- Chicago, IL (23 miles from Thornton, IL)
- 60+ 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 Thornton, IL)
- 90+ days ago
- Chicago, IL (23 miles from Thornton, IL)
- 90+ days ago
Required Qualifications: 7+ years experience credit, underwriting, and structuring of corporate lending transactions....
Demographic Data for Thornton, IL
Moving to Thornton, IL? Find some basic demographic data about Thornton, IL below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Thornton, IL
Highest Education Level
Loan Underwriters in Thornton, 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
- Marketing & Sales
- Property and Casualty Insurance
- Reimbursement
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Credit Underwriting
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Conventional Loans
- Commercial Lending
- FHLMC
- Automated Clearing House
- Freddie Mac
- Loan Processing
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- Treasury Management
- Cash Flow Analysis
- Balance Sheets
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Risk Analysis
- Financial Analysis
- Real Estate
- Risk Management
- Closing
- Strategy Development
- Finance
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Collaboration
- Documentation
- Reporting
- Coaching
- Bachelor's Degree
- Regulations
- Policy Development
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Sales
- Time Management
- Organization
- Customer Service
- Leadership
- Communication Skills
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