Loan Underwriter Jobs in Massachusetts

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.

1-11 of 11 Jobs

Home Mortgage QA/QC Senior Underwriter

  • Westwood, MA
  • 21 hours ago
  • Westwood, MA
  • 21 hours ago

lending process and workflow through post-closing Sound knowledge of secondary & private investor loan programs Strong oral and written communication skills with solid organizational, interpersonal...

Commercial Credit Senior Underwriter I - Leveraged Lending

  • Boston, MA
  • 4 days ago
  • Boston, MA
  • 4 days ago

This position many be located in Buffalo, NY, Boston, MA or NY, NY OVERVIEW Evaluate and determine the credit risks of larger, more complex commercial clients through detailed financial statement...

Life & Disability Financial Underwriter

  • Boston, MA
  • 7 days ago
  • Boston, MA
  • 7 days ago

Become a part of our caring community and help us put health first** The Life & Disability Financial Underwriter computes rates for both renewing and prospective group life and disability...

Credit Portfolio Underwriter Sr - BIN Sponsorship

  • Boston, MA
  • 11 days ago
  • Boston, MA
  • 11 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

AVP - Commercial Credit Underwriter

  • Holyoke, MA
  • 18 days ago
  • Holyoke, MA
  • 18 days ago

Summary: We are seeking an experienced and detail-oriented AVP Commercial Credit Underwriter to join our commercial lending team....

Commercial Credit Approval Officer

  • Brockton, MA
  • 21 days ago
  • Brockton, MA
  • 21 days ago

authority or recommend decisions for requests exceeding individual lending authority....

Credit Underwriter

  • Boston, MA
  • 23 days ago
  • Boston, MA
  • 23 days ago

Represents the Underwriting department when appropriate at external meetings with lending partners....

Consumer Loan Underwriter

  • Canton, MA
  • 23 days ago
  • Canton, MA
  • 23 days ago

Indirect Underwriter Rockland Federal Credit Union (RFCU) is searching for an Indirect Underwriter to join our Consumer Lending team....

Senior Underwriter, FNMA

  • Boston, MA
  • 30+ days ago
  • Boston, MA
  • 30+ days ago

Purpose and Job Summary: Reporting to a Deputy Chief Underwriter, the Director is responsible for reviewing, inspecting, and underwriting multifamily agency loan applications, primarily for...

Commercial Credit Underwriter/Portfolio Manager II - Leveraged Lending

  • Boston, MA
  • 45+ days ago
  • Boston, MA
  • 45+ days ago

Overview: Evaluate, monitor, and assess the credit risks of complex commercial clients and higher dollar loans (typically $10MM and greater) through detailed financial statement analysis, industry...

Commercial Credit Underwriter - Brockton

  • Brockton, MA
  • 90+ days ago
  • Brockton, 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 Massachusetts

Moving to Massachusetts? Find some basic demographic data about Massachusetts below.


Local
National
7,029,832
179,192

Salary for Loan Underwriter Jobs in Massachusetts

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Underwriters in Massachusetts offer the following education background
Bachelor's Degree
44.6%
Master's Degree
16.7%
High School or GED
14.5%
Associate's Degree
11.2%
Vocational Degree or Certification
8.9%
Some College
2.5%
Doctorate Degree
1.2%
Some High School
0.4%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Underwriters in Massachusetts
4-6 years
40.5%
2-4 years
30.9%
Less than 1 year
14.0%
10+ years
6.3%
1-2 years
6.1%
6-8 years
2.2%



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