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.
National Account Excess Casualty Underwriter (Senior or AVP)
- Chicago, IL
- 15 hours ago
- Chicago, IL
- 15 hours 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 WorkAbout 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...
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...
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
- 9 days ago
- Chicago, IL
- 9 days ago
Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans. Underwriter then presents SER at quarterly SER meetings....
Collateral Review Underwriter-Residential Appraisal Review
- Rosemont, IL
- 9 days ago
- Rosemont, IL
- 9 days ago
Assist Loan Originators and Loan Operations staff in understanding the residential appraisal/evaluation process. Serve as resource for residential real estate valuation concerns and questions....
Remote WorkCompletes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans. Underwriter then presents SER at quarterly SER meetings....
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...
Account Executive Officer/Sr. Underwriter, National Accounts
- Chicago, IL
- 19 days ago
- Chicago, IL
- 19 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
- 21 days ago
- Chicago, IL
- 21 days ago
Applies lending expertise to a lending and deposit portfolio of accounts or part of the lending process (e.g. underwriting, funding, monitoring)....
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 WorkKnowledge in all levels of mortgage underwriting, including conventional loan guidelines, and mortgage insurance policies like UCDP & SSR....
Loan Review Analyst Responsible for assisting with the analysis of new and existing individual commercial and agricultural credit relationships. This position reports to the Senior Loan Review...
origination platform a plus Benefits: Medical Insurance Dental Vision Life insurance Accidental death and dismemberment Short-term and long-term Disability Insurance Parental Leave Employee Assistance...
Account Executive Officer/Sr. Underwriter, National Property
- Chicago, IL
- 30+ days ago
- Chicago, 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...
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
Required or preferred licenses and certifications for Loan Underwriter positions.
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
- Driving
- Property and Casualty Insurance
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- Tila Respa Integrated Disclosures
- Conventional Loans
- Commercial Lending
- BSA
- Loan Processing
- Federal National Morgage Association
- FHLMC
- Encompass
- Freddie Mac
- Fannie Mae
- Cross Selling
- OFAC
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- USDA
- Valuation
- Underwriting
- Financial Statements
- Portfolio Management
- Taxes
- Appraisal
- Due Diligence
- Financial Analysis
- File Management
- Real Estate
- Closing
- Finance
- Decision Making
- Accounting
- Negotiation
- Written Communication
- Documentation
- Coaching
- Verbal Communication
- Mentoring
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Time Management
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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