Loan Underwriter Jobs in New Hope, 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.
Life & Disability Financial Underwriter
- Saint Paul, MN (15 miles from New Hope, MN)
- 1 day ago
- Saint Paul, MN (15 miles from New Hope, MN)
- 1 day 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...
Underwriter Senior - Home Lending
- Wayzata, MN (8 miles from New Hope, MN)
- 4 days ago
- Wayzata, MN (8 miles from New Hope, MN)
- 4 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 WorkUnderwriter Senior - Home Lending
- Minnetonka, MN (4 miles from New Hope, MN)
- 4 days ago
- Minnetonka, MN (4 miles from New Hope, MN)
- 4 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 Work- Eden Prairie, MN (6 miles from New Hope, MN)
- 10 days ago
- Eden Prairie, MN (6 miles from New Hope, MN)
- 10 days ago
Additional Skills & Qualifications 3+ years of mortgage underwriting experience required Solid knowledge of mortgage underwriting and of basic automated underwriting systems Proficiency with basic automated...
Underwriter Sr-Business Banking
- Saint Paul, MN (15 miles from New Hope, MN)
- 14 days ago
- Saint Paul, MN (15 miles from New Hope, MN)
- 14 days ago
**Duties & Responsibilities:** + Analyze financial statements + Utilize bank systems for loan processing and completion of loan proposal + Complete underwriting and communicate credit decisions within...
Regional Credit Approval Officer
- Minneapolis, MN (5 miles from New Hope, MN)
- 21 days ago
- Minneapolis, MN (5 miles from New Hope, MN)
- 21 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 (4 miles from New Hope, MN)
- 22 days ago
- Minnetonka, MN (4 miles from New Hope, MN)
- 22 days ago
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 WorkDemographic Data for New Hope, MN
Moving to New Hope, MN? Find some basic demographic data about New Hope, MN below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in New Hope, MN
Highest Education Level
Loan Underwriters in New Hope, MN offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Presentation
- Military Background
- Reimbursement
- 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
- Credit Underwriting
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- VA Loans
- OFAC
- Encompass
- Know Your Customer
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- USDA
- Cash Flow Analysis
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Taxes
- Portfolio Management
- Financial Modeling
- Risk Analysis
- Appraisal
- Due Diligence
- Financial Analysis
- Real Estate
- Risk Management
- Strategy Development
- Finance
- Closing
- Accounting
- Negotiation
- Written Communication
- Verbal Communication
- Collaboration
- Mentoring
- Documentation
- Reporting
- Filing
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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