Loan Underwriter Jobs in Illinois
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.
at Travelers Insurance Company in Chicago, Illinois, United States Job Description Who Are We? Taking care of our customers, our communities and each other. That's the Travelers Promise. By...
and other bank policies **Qualifications:** + Bachelor's Degree in (or emphasis in) business, marketing or finance preferred + 5+ years of experience in commercial lending or related banking + Proficiency...
Commercial Surety Underwriter/Credit Analyst
- Downers Grove, IL
- 4 days ago
- Downers Grove, IL
- 4 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...
at Humana in Springfield, Illinois, United States Job Description Become a part of our caring community and help us put health first An exciting opportunity exists to join Humana's Group Medicare...
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
- 9 days ago
- Schaumburg, IL
- 9 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 WorkManage all lender self-reporting obligations to investors, government agencies (e.g., Fannie Mae, Freddie Mac, FHA, VA), mortgage insurance providers, and servicing partners....
Sr Consultant, Credit & Political Risk - E&S/Specialty (Sr. Underwriter, Trade Credit)
- Chicago, IL
- 11 days ago
- Chicago, IL
- 11 days ago
Understand and adhere to regulatory requirements and compliance standards in trade credit underwriting....
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 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
- 18 days ago
- Lincolnwood, IL
- 18 days ago
Experience working with lender relationships and negotiating financing terms....
Senior Credit Underwriter, Global Wealth & Investment Management Custom Lending
- Chicago, IL
- 30+ days ago
- Chicago, IL
- 30+ days ago
loan balance and revenue growth in a responsible and profitable manner, and managing a portfolio of existing lending relationships....
Mortgage Loan Underwriter Senior Company: City National Bank Location: Springfield, IL Date Posted: 4/23/25, 7:53 PM MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...
MORTGAGE LOAN UNDERWRITER II* WHAT IS THE OPPORTUNITY?...
Required Qualifications: 7+ years experience credit, underwriting, and structuring of corporate lending transactions....
Demographic Data for Illinois
Moving to Illinois? Find some basic demographic data about Illinois below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Illinois
Highest Education Level
Loan Underwriters in Illinois offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Military Background
- Reimbursement
- CPCU
- 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
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Credit Underwriting
- Know Your Customer
- OFAC
- Encompass
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Financial Services
- USDA
- Cash Flow Analysis
- Underwriting
- Internal Control
- Financial Statements
- Fraud Investigation
- Taxes
- Portfolio Management
- Appraisal
- Financial Analysis
- Resolution
- Real Estate
- Relationship Management
- Finance
- Process Improvement
- Analytical Skills
- Accounting
- Quality Control
- Negotiation
- Auditing
- Mentoring
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Communication Skills
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