Loan Underwriter Remote & Hybrid Only 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.
Zurich is currently looking to hire an experienced E&S Primary Casualty Underwriter to join the new E&S Primary Casualty team in Phoenix, Dallas, or Houston! While this position will be based out...
Zurich is currently looking to hire an experienced E&S Primary Casualty Underwriter (Senior or AVP) to join the new E&S Primary Casualty team in the central region: Schaumburg, IL, Chicago, IL,...
National Account Excess Casualty Underwriter (Senior or AVP)
- Chicago, IL
- 10 days ago
- Chicago, IL
- 10 days 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...
Perform basic underwriting in commercial lending, producing thorough and accurate analytical packages that include all relevant risks, trends and industry information....
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 WorkDemographic 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
- Presentation
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- VA Loans
- Conventional Loans
- BSA
- Loan Processing
- Federal National Morgage Association
- Automated Clearing House
- Commercial Lending
- Encompass
- Freddie Mac
- Fannie Mae
- FHLMC
- Cross Selling
- OFAC
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Cash Flow Analysis
- USDA
- Underwriting
- Anti-Money Laundering
- Financial Statements
- Portfolio Management
- Appraisal
- Due Diligence
- Financial Analysis
- Real Estate
- Risk Management
- Finance
- Closing
- Decision Making
- Analytical Skills
- Negotiation
- Written Communication
- Documentation
- Accounting
- Coaching
- Mentoring
- Collaboration
- Policy Development
- Bachelor's Degree
- Filing
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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