Loan Underwriter Jobs in Bloomington, MN
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.
Underwriter Sr-Business Banking
- Saint Paul, MN (12 miles from Bloomington, MN)
- 1 day ago
- Saint Paul, MN (12 miles from Bloomington, MN)
- 1 day ago
and other bank policies **Qualifications:** + Bachelor's Degree in (or emphasis in) business, marketing or finance preferred + 5+ years of experience in commercial lending or related banking + Proficiency...
Construction Underwriter Senior - Home Lending
- Minnetonka, MN (11 miles from Bloomington, MN)
- 3 days ago
- Minnetonka, MN (11 miles from Bloomington, MN)
- 3 days ago
Basic Qualifications: High school diploma or equivalent Three or more years of mortgage underwriting experience in the 1st mortgage arena (includes FHMA and FHLMC) Must have recent underwriting experience...
Remote WorkRegional Credit Approval Officer
- Minneapolis, MN (10 miles from Bloomington, MN)
- 8 days ago
- Minneapolis, MN (10 miles from Bloomington, MN)
- 8 days ago
Depending upon background, skills, and interests, possibility for future credit approval coverage of select portions of Asset Based Finance, Mortgage Warehouse Lending, and/or Equipment Finance....
Senior Credit Underwriter - Distribution Finance
- Minnetonka, MN (11 miles from Bloomington, MN)
- 9 days ago
- Minnetonka, MN (11 miles from Bloomington, MN)
- 9 days ago
Basic Qualifications: Bachelor's degree in Finance, Accounting, Business or related field 3+ years wholesale/commercial credit underwriting experience and prior credit approval authority....
Remote Work- Saint Paul, MN (12 miles from Bloomington, MN)
- 10 days ago
- Saint Paul, MN (12 miles from Bloomington, MN)
- 10 days ago
This role is responsible for managing all investor and agency audit responses, overseeing documentation flow across underwriting and operations, handling lender self-reporting requirements, and coordinating...
Mortgage Loan Underwriter Senior
- Saint Paul, MN (12 miles from Bloomington, MN)
- 45+ days ago
- Saint Paul, MN (12 miles from Bloomington, MN)
- 45+ days ago
MORTGAGE LOAN UNDERWRITER SENIOR* WHAT IS THE OPPORTUNITY?...
Demographic Data for Bloomington, MN
Moving to Bloomington, MN? Find some basic demographic data about Bloomington, MN below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Bloomington, MN
Highest Education Level
Loan Underwriters in Bloomington, MN offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Military Background
- Reimbursement
- CPCU
- Mortgage Lending
- Loan Origination
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Conventional Loans
- Commercial Lending
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Credit Underwriting
- OFAC
- Encompass
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Financial Services
- USDA
- Cash Flow Analysis
- Underwriting
- Internal Control
- Financial Statements
- Fraud Investigation
- Taxes
- Portfolio Management
- Appraisal
- Financial Analysis
- Resolution
- Real Estate
- Relationship Management
- Finance
- Process Improvement
- Analytical Skills
- Accounting
- Quality Control
- Negotiation
- Auditing
- Collaboration
- Mentoring
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Time Management
- Staff Supervision
- Organization
- 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 »