Loan Underwriter Jobs in Michigan
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.
This role has the primary responsibility of underwriting lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards....
Account Executive Officer/Sr. Underwriter, National Property
- Grand Rapids, MI
- 8 days ago
- Grand Rapids, MI
- 8 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...
Account Executive Officer/Sr. Underwriter, National Accounts
- Troy, MI
- 8 days ago
- Troy, MI
- 8 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...
Account Executive Officer/Sr. Underwriter, National Property
- Troy, MI
- 8 days ago
- Troy, MI
- 8 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...
Position Summary The Senior Consumer Lending Sales Specialist (Sr....
Credit Portfolio Underwriter Sr - BIN Sponsorship
- Ann Arbor, MI
- 27 days ago
- Ann Arbor, MI
- 27 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 WorkFirst Merchants Bank is seeking a Sr, Mortgage Loan Underwriter to join our team!...
Commercial Credit Underwriters are required to decision loans within an assigned lending authority, and make educated, well-thought recommendations when decisioning requires a higher-level approval...
Skills: Consistency and Commitment Organization Ability to adapt to quick changes Time Management Customer Service Computer literacy Education/Training/Experience: 5+ years of recent mortgage underwriting...
Position Summary The Senior Consumer Lending Sales Specialist (Sr....
Apply Description Full Time In Person Role Summary of Duties Bank of Ann Arbor is seeking an experienced, detail-oriented and motivated Mortgage Loan Processor. The ideal candidate will be...
Experience with deal sizes ranging from $2MM to $10MM preferred Experience in lending to a wide variety of industries, loan types, and sizes of companies preferred Strong written and verbal communication...
Remote WorkExperience with LOS systems as it relates to FHA lending. Will help with product development and system controls....
Demographic Data for Michigan
Moving to Michigan? Find some basic demographic data about Michigan below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Michigan
Highest Education Level
Loan Underwriters in Michigan offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Military Background
- Marketing & Sales
- Property and Casualty Insurance
- Reimbursement
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Credit Underwriting
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Conventional Loans
- Commercial Lending
- Fannie Mae
- FHLMC
- Automated Clearing House
- Freddie Mac
- Loan Processing
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- Cash Flow Analysis
- Balance Sheets
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Risk Analysis
- Financial Analysis
- Real Estate
- Risk Management
- Closing
- Strategy Development
- Finance
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Collaboration
- Documentation
- Reporting
- Coaching
- Bachelor's Degree
- Regulations
- Policy Development
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Sales
- Time Management
- Organization
- Customer Service
- Leadership
- Communication Skills
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