Loan Underwriter Jobs in Hammond, IN
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.
Commercial Surety Underwriter/Credit Analyst
- Chicago, IL (19 miles from Hammond, IN)
- 1 day ago
- Chicago, IL (19 miles from Hammond, IN)
- 1 day ago
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...
Regional Credit Approval Officer
- Chicago, IL (19 miles from Hammond, IN)
- 8 days ago
- Chicago, IL (19 miles from Hammond, IN)
- 8 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...
Sr Consultant, Credit & Political Risk - E&S/Specialty (Sr. Underwriter, Trade Credit)
- Chicago, IL (19 miles from Hammond, IN)
- 11 days ago
- Chicago, IL (19 miles from Hammond, IN)
- 11 days ago
Understand and adhere to regulatory requirements and compliance standards in trade credit underwriting....
- Chicago, IL (19 miles from Hammond, IN)
- 13 days ago
- Chicago, IL (19 miles from Hammond, IN)
- 13 days ago
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 WorkSenior Credit Underwriter, Global Wealth & Investment Management Custom Lending
- Chicago, IL (19 miles from Hammond, IN)
- 30+ days ago
- Chicago, IL (19 miles from Hammond, IN)
- 30+ 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 (19 miles from Hammond, IN)
- 60+ days ago
- Chicago, IL (19 miles from Hammond, IN)
- 60+ days ago
Required Qualifications: 7+ years experience credit, underwriting, and structuring of corporate lending transactions....
Vice President, Private Credit Underwriter
- Chicago, IL (19 miles from Hammond, IN)
- 60+ days ago
- Chicago, IL (19 miles from Hammond, IN)
- 60+ days ago
The ideal candidate has a strong understanding of credit underwriting and can demonstrate an ability to balance detail with broader issues, in both written and oral communication....
- Chicago, IL (19 miles from Hammond, IN)
- 90+ days ago
- Chicago, IL (19 miles from Hammond, IN)
- 90+ days ago
The ideal candidate has a strong understanding of credit underwriting and can demonstrate an ability to balance detail with broader issues, in both written and oral communication....
Demographic Data for Hammond, IN
Moving to Hammond, IN? Find some basic demographic data about Hammond, IN below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Hammond, IN
Highest Education Level
Loan Underwriters in Hammond, IN 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
- 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
- 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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