Loan Underwriter Jobs in Wellesley, MA
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 Credit Underwriter I/II - Restaurant Group
- Boston, MA (11 miles from Wellesley, MA)
- 1 hour ago
- Boston, MA (11 miles from Wellesley, MA)
- 1 hour ago
Strong understanding and experience in cash flow lending Desired Qualifications: Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed....
- Boston, MA (11 miles from Wellesley, MA)
- 1 day ago
- Boston, MA (11 miles from Wellesley, MA)
- 1 day ago
The Senior Underwriter will be responsible for the comprehensive financial and risk analysis of multifamily commercial real estate transactions with a focus on Freddie Mac loan products. This role...
Senior Mortgage Underwriter - DE Certification Required
- Boston, MA (11 miles from Wellesley, MA)
- 2 days ago
- Boston, MA (11 miles from Wellesley, MA)
- 2 days ago
Equivalent work experience required. 3-5 years of mortgage underwriting experience required....
Home Equity Underwriter Massachusetts Institute of Technology (MIT)
- Cambridge, MA (8 miles from Wellesley, MA)
- 16 days ago
- Cambridge, MA (8 miles from Wellesley, MA)
- 16 days ago
REQUIRED : A minimum of three years of experience in residential loan processing, including document validation, income calculation, and loan file preparation for underwriting....
Mortgage Loan Underwriter Massachusetts Institute of Technology (MIT)
- Cambridge, MA (8 miles from Wellesley, MA)
- 29 days ago
- Cambridge, MA (8 miles from Wellesley, MA)
- 29 days ago
The full job description is available here: REQUIRED : High School diploma or equivalent; a minimum of four years of related experience, preferably as a loan underwriter; familiarity with loan origination...
Account Executive Officer/Sr. Underwriter, National Accounts
- Boston, MA (11 miles from Wellesley, MA)
- 30+ days ago
- Boston, MA (11 miles from Wellesley, MA)
- 30+ days ago
Who Are We? Taking care of our customers, our communities and each other. Thats the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property...
Commercial Loan Underwriter - Major Clients
- Stoneham, MA (14 miles from Wellesley, MA)
- 45+ days ago
- Stoneham, MA (14 miles from Wellesley, MA)
- 45+ days ago
Master’s degree in business or finance and/or prior lending experience preferred....
Credit Portfolio Underwriter Sr - BIN Sponsorship
- Boston, MA (11 miles from Wellesley, MA)
- 60+ days ago
- Boston, MA (11 miles from Wellesley, MA)
- 60+ days ago
Description Credit Portfolio Risk Analyst Summary: The Credit Portfolio Risk Analyst, Senior (BIN Sponsorship) services, deepens, and retains assigned profitable customer relationships by...
Remote Work- Canton, MA (11 miles from Wellesley, MA)
- 60+ days ago
- Canton, MA (11 miles from Wellesley, MA)
- 60+ days ago
Indirect Underwriter Rockland Federal Credit Union (RFCU) is searching for an Indirect Underwriter to join our Consumer Lending team....
Commercial Credit Underwriter - Brockton
- Brockton, MA (19 miles from Wellesley, MA)
- 90+ days ago
- Brockton, MA (19 miles from Wellesley, MA)
- 90+ days ago
Performance reviews will be prepared by the Commercial Credit Officer, with input provided by the Regional Manager, Lending Center Manager, or Lending Officers....
Demographic Data for Wellesley, MA
Moving to Wellesley, MA? Find some basic demographic data about Wellesley, MA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Wellesley, MA
Highest Education Level
Loan Underwriters in Wellesley, MA 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
- Telephone Skills
- Mentoring
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Organization
- Customer Service
- Scheduling
- 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 »