Loan Underwriter Jobs in Louisiana
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.
Instruct Mortgage Loan Originators and Mortgage Loan Processors on any errors for training purposes....
Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position: Thorough understanding of mortgage lending regulations, underwriting...
Manages and utilizes systems to ensure they accurately reflect the loan request and information (current loan origination system and other investor conduit systems, etc.)....
MORTGAGE LOAN UNDERWRITER II* WHAT IS THE OPPORTUNITY?...
MORTGAGE LOAN UNDERWRITER SENIOR* WHAT IS THE OPPORTUNITY?...
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...
Loan Underwriter plays a critical role in the banking industry by evaluating and approving loan applications to ensure they meet the institution's lending criteria....
Manages and utilizes systems to ensure they accurately reflect the loan request and information (current loan origination system and other investor conduit systems, etc.)....
business, finance, related field or the equivalent job experience preferred Five or more years of work-related experience in banking or financial services field Strong understanding of commercial lending...
Demographic Data for Louisiana
Moving to Louisiana? Find some basic demographic data about Louisiana below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Louisiana
Highest Education Level
Loan Underwriters in Louisiana offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Presentation
- Marketing & Sales
- Property and Casualty Insurance
- Reimbursement
- CPCU
- Mortgage Lending
- Loan Origination
- Lending
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Federal National Morgage Association
- Loan Documentation
- Credit Underwriting
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Conventional Loans
- Commercial Lending
- FHLMC
- Freddie Mac
- Loan Processing
- Private Banking
- Cross Selling
- OFAC
- Fannie Mae
- Encompass
- Mortgage Processing
- Financial Services
- Mortgage Underwriting
- Credit Analysis
- Cash Flow Analysis
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Financial Analysis
- Real Estate
- Risk Management
- Closing
- Finance
- Accounting
- Auditing
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Documentation
- Reporting
- Collaboration
- Policy Development
- Coaching
- Filing
- Bachelor's Degree
- Regulations
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Sales
- Time Management
- Staff Supervision
- Organization
- Leadership
- Communication Skills
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