Loan Underwriter Jobs in Westmont, 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.
- West Chicago, IL (14 miles from Westmont, IL)
- 12 hours ago
- West Chicago, IL (14 miles from Westmont, IL)
- 12 hours ago
ABS servicer / CLO manager / Direct Lender evaluation and due diligence, internal rating analysis, stress testing, and adherence to bank policies and procedures....
Underwriter/Senior Underwriter II - Asset Based Finance
- Chicago, IL (17 miles from Westmont, IL)
- 20 hours ago
- Chicago, IL (17 miles from Westmont, IL)
- 20 hours ago
of corporate lending transactions for the AB Sr....
- Hickory Hills, IL (8 miles from Westmont, IL)
- 3 days ago
- Hickory Hills, IL (8 miles from Westmont, IL)
- 3 days 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 (17 miles from Westmont, IL)
- 10 days ago
- Chicago, IL (17 miles from Westmont, IL)
- 10 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...
- Lombard, IL (6 miles from Westmont, IL)
- 16 days ago
- Lombard, IL (6 miles from Westmont, IL)
- 16 days ago
Take your career to the next level! In the last few years our goal has been expansion, creating growth opportunities for many of our team members. Not only are we serious about growth, but we are...
Credit Underwriter Law Firms and Professional Services
- Chicago, IL (17 miles from Westmont, IL)
- 17 days ago
- Chicago, IL (17 miles from Westmont, IL)
- 17 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 (17 miles from Westmont, IL)
- 18 days ago
- Chicago, IL (17 miles from Westmont, IL)
- 18 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 (17 miles from Westmont, IL)
- 19 days ago
- Chicago, IL (17 miles from Westmont, IL)
- 19 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 (17 miles from Westmont, IL)
- 25 days ago
- Chicago, IL (17 miles from Westmont, IL)
- 25 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 (17 miles from Westmont, IL)
- 30+ days ago
- Chicago, IL (17 miles from Westmont, IL)
- 30+ 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 (17 miles from Westmont, IL)
- 30+ days ago
- Chicago, IL (17 miles from Westmont, IL)
- 30+ 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 (17 miles from Westmont, IL)
- 30+ days ago
- Chicago, IL (17 miles from Westmont, 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...
Commercial Surety Underwriter/Credit Analyst
- Downers Grove, IL (3 miles from Westmont, IL)
- 30+ days ago
- Downers Grove, IL (3 miles from Westmont, IL)
- 30+ 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...
Senior Credit Underwriter - Distribution Finance
- Schaumburg, IL (17 miles from Westmont, IL)
- 30+ days ago
- Schaumburg, IL (17 miles from Westmont, IL)
- 30+ 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 WorkInsurance Underwriter Real Estate Investor P&C
- Elgin, IL (20 miles from Westmont, IL)
- 45+ days ago
- Elgin, IL (20 miles from Westmont, IL)
- 45+ 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 WorkDemographic Data for Westmont, IL
Moving to Westmont, IL? Find some basic demographic data about Westmont, IL below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Westmont, IL
Highest Education Level
Loan Underwriters in Westmont, 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 Housing Administration
- Federal National Morgage Association
- Loan Documentation
- Credit Underwriting
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Conventional Loans
- Commercial Lending
- Fannie Mae
- FHLMC
- Automated Clearing House
- Freddie Mac
- Loan Processing
- Cross Selling
- Encompass
- Mortgage Processing
- OFAC
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- Cash Flow Analysis
- Balance Sheets
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Risk Analysis
- Financial Analysis
- Real Estate
- Risk Management
- Closing
- Finance
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Mentoring
- Collaboration
- Documentation
- Reporting
- Coaching
- Bachelor's Degree
- Regulations
- Policy Development
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Sales
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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