Loan Underwriter Jobs in Hanover, MD
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.
Mortgage Loan Underwriter Senior
- Annapolis, MD (15 miles from Hanover, MD)
- 1 day ago
- Annapolis, MD (15 miles from Hanover, MD)
- 1 day ago
MORTGAGE LOAN UNDERWRITER SENIOR* WHAT IS THE OPPORTUNITY?...
- Annapolis, MD (15 miles from Hanover, MD)
- 3 days ago
- Annapolis, MD (15 miles from Hanover, MD)
- 3 days ago
Underwrites all residential mortgage loans with compliance of Regulation Z-ATR and QM requirements....
Supervisor Mortgage Loan Underwriter
- Annapolis, MD (15 miles from Hanover, MD)
- 9 days ago
- Annapolis, MD (15 miles from Hanover, MD)
- 9 days ago
SUPERVISOR MORTGAGE LOAN UNDERWRITER* WHAT IS THE OPPORTUNITY?...
- Linthicum, MD (3 miles from Hanover, MD)
- 15 days ago
- Linthicum, MD (3 miles from Hanover, MD)
- 15 days ago
, FNMA, FHLMC, FHA, and VA, for underwriting loans and ensuring compliance with department guidelines, state and federal laws, and lending regulation....
Remote Work- Bethesda, MD (24 miles from Hanover, MD)
- 17 days ago
- Bethesda, MD (24 miles from Hanover, MD)
- 17 days ago
Position/Title: Underwriting Associate Location: Bethesda, Maryland (3 days on site) Status: FTE Position Overview We are seeking an Underwriting Associate with a demonstrated track record of reviewing...
Commercial Credit Senior Underwriter-I
- Columbia, MD (8 miles from Hanover, MD)
- 60+ days ago
- Columbia, MD (8 miles from Hanover, MD)
- 60+ days ago
SCOPE The Commercial Credit Underwriting Department is responsible to provide an independent credit quality assessment of the Bank's commercial clients....
Commercial Real Estate Credit Senior Underwriter
- Baltimore, MD (10 miles from Hanover, MD)
- 60+ days ago
- Baltimore, MD (10 miles from Hanover, MD)
- 60+ days ago
SCOPE The Commercial Credit Underwriting Department is responsible to provide an independent credit quality assessment of the Bank's commercial clients....
- Laurel, MD (10 miles from Hanover, MD)
- 60+ days ago
- Laurel, MD (10 miles from Hanover, MD)
- 60+ days ago
Hiring Range - $27.41/hr - $34.26/hr SUMMARY OF POSITION: The Consumer Loan Underwriter will be responsible for performing a thorough initial and/or second underwriting review to ensure compliance Tower...
Demographic Data for Hanover, MD
Moving to Hanover, MD? Find some basic demographic data about Hanover, MD below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Hanover, MD
Highest Education Level
Loan Underwriters in Hanover, MD offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Reimbursement
- Mortgage Lending
- Federal National Morgage Association
- Loan Origination
- Lending
- Loan Documentation
- FHLMC
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- BSA
- Loan Review
- Conventional Loans
- Know Your Customer
- Commercial Banking
- Commercial Lending
- Freddie Mac
- Loan Processing
- Credit Underwriting
- Mortgage Processing
- Treasury Management
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- Financial Services
- USDA
- Loan Servicing
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Taxes
- Due Diligence
- Financial Analysis
- Resolution
- Real Estate
- Customer Satisfaction
- Finance
- Closing
- Accounting
- Process Improvement
- Quality Control
- Decision Making
- Written Communication
- Auditing
- Documentation
- Mentoring
- Bachelor's Degree
- Reporting
- Regulations
- Policy Development
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Loan Underwriter Related Career Advice Articles
How to Decide Between Investment Banking and Commercial Banking
Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.
Read article »
Career Spotlight: Personal Banker
What does a personal banker do? Is a personal banker salary rewarding? Get answers to these questions and more in our guide to personal banker careers.
Read article »