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.
Junior Underwriter - Up to $20,000 in Potential Incentives
- Pontiac, MI
- 3 days ago
- Pontiac, MI
- 3 days ago
United Wholesale Mortgage (UWM) is Americas #1 mortgage lender and were looking to fill an immediate need for underwriters....
Lead and participate in projects needed to design and implement the post-approval loan processes, integrate the process with data validation activities, and thereafter to continuously improve service...
Thorough understanding of services, products, terms and processes of personal, secured, revolving and real estate (home equity) lending....
Commercial Credit Underwriter I-II Commercial Credit Underwriter I-II
- Grand Rapids, MI
- 16 days ago
- Grand Rapids, MI
- 16 days ago
Commercial Credit Underwriter I-II Bank of America 3.2 ( ) Multiple Locations Why you should apply for a job to Bank of America : Ranked as one of the 57% say women are treated fairly and equally...
Lending Sales Specialist (Sr....
Position Summary The Senior Consumer Lending Sales Specialist (Sr....
Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and...
Key Responsibilities: Manage mortgage and consumer loan origination, processing, underwriting, and servicing Lead, coach, and develop a high-performing lending team Ensure compliance with lending policies...
Account Executive Officer/Sr. Underwriter, National Accounts
- Troy, MI
- 45+ days ago
- Troy, MI
- 45+ 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...
Credit Portfolio Underwriter Sr - BIN Sponsorship
- Ann Arbor, MI
- 60+ days ago
- Ann Arbor, MI
- 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 WorkDemographic Data for Michigan
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Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Michigan
Required or preferred licenses and certifications for Loan Underwriter positions.
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
- Presentation
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- Tila Respa Integrated Disclosures
- Conventional Loans
- Commercial Lending
- BSA
- Loan Processing
- Federal National Morgage Association
- Encompass
- Freddie Mac
- Fannie Mae
- FHLMC
- Cross Selling
- OFAC
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Cash Flow Analysis
- USDA
- Underwriting
- Anti-Money Laundering
- Financial Statements
- Portfolio Management
- Financial Modeling
- Appraisal
- Due Diligence
- Financial Analysis
- Real Estate
- Risk Management
- Closing
- Finance
- Decision Making
- Analytical Skills
- High School Diploma
- Negotiation
- Accounting
- Written Communication
- Documentation
- Coaching
- Mentoring
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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