Loan Underwriter Jobs in Laurel, 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.
Senior Mortgage Underwriter - DE Certification Required
- Annapolis, MD (19 miles from Laurel, MD)
- 2 days ago
- Annapolis, MD (19 miles from Laurel, MD)
- 2 days ago
Equivalent work experience required. 3-5 years of mortgage underwriting experience required....
- Arlington, VA (18 miles from Laurel, MD)
- 3 days ago
- Arlington, VA (18 miles from Laurel, MD)
- 3 days ago
Responsibilities Evaluate lending opportunities focusing on the borrowers cash flow, basic collateral, and repayment history, with moderate reliance on covenants and loan structuring....
Senior Direct Endorsement Residential Underwriter
- Washington, DC (16 miles from Laurel, MD)
- 5 days ago
- Washington, DC (16 miles from Laurel, MD)
- 5 days ago
ensure loans are underwritten in a timely manner Maintain current knowledge of mortgage loan programs, procedures, and guidelines Use Northwest's loan origination systems and agency automated underwriting...
Mortgage Lending Senior Underwriter & Operations Manager
- Tysons Corner, VA (20 miles from Laurel, MD)
- 6 days ago
- Tysons Corner, VA (20 miles from Laurel, MD)
- 6 days ago
Proficient in with Excel, Word and Loan Origination Software programs. Supervisory Responsibilities: Management of the Consumer Lending Operations team....
Single Family Loan Underwriter
- Washington, DC (16 miles from Laurel, MD)
- 20 days ago
- Washington, DC (16 miles from Laurel, MD)
- 20 days ago
Primary responsibilities include mortgage underwriting and analysis, review of loan closing documents and communication with the lender network for all Single Family Programs....
Lead Product Manager - Loan Originations
- Baltimore, MD (19 miles from Laurel, MD)
- 27 days ago
- Baltimore, MD (19 miles from Laurel, MD)
- 27 days ago
OneMain is the largest non-bank lender in the United States,proudly serving millions of customers with safe, affordable, and transparent installment loans....
- Washington, DC (16 miles from Laurel, MD)
- 29 days ago
- Washington, DC (16 miles from Laurel, MD)
- 29 days ago
requests Communicate decision on loans to appropriate parties Confirm adverse decisions Partner with Mortgage Bankers Identify and resolve loan issues Recommend improvements to procedures Maximize use of loan...
Multifamily Senior Underwriter Affordable Housing
- McLean, VA (18 miles from Laurel, MD)
- 60+ days ago
- McLean, VA (18 miles from Laurel, MD)
- 60+ days ago
Our Impact: Our team is responsible for underwriting Targeted Affordable Housing (TAH) loans originated coast to coast by our network of Optigo Lenders We are innovators in the industry by evaluating...
Demographic Data for Laurel, MD
Moving to Laurel, MD? Find some basic demographic data about Laurel, MD below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Laurel, MD
Highest Education Level
Loan Underwriters in Laurel, MD offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Driving
- Estimating
- 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
- Federal National Morgage Association
- FHLMC
- Loan Processing
- Freddie Mac
- Private Banking
- Fannie Mae
- Cross Selling
- Encompass
- OFAC
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- USDA
- Valuation
- Underwriting
- Financial Statements
- Financial Modeling
- Portfolio Management
- Appraisal
- Due Diligence
- Financial Analysis
- File Management
- Real Estate
- Closing
- Finance
- Decision Making
- Analytical Skills
- Accounting
- Negotiation
- Written Communication
- Documentation
- Coaching
- Verbal Communication
- Mentoring
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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