Loan Underwriter Jobs in Richfield, 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.
- Minneapolis, MN (7 miles from Richfield, MN)
- 2 days ago
- Minneapolis, MN (7 miles from Richfield, MN)
- 2 days ago
Expert knowledge of credit and lending policies. Demonstrated relationship management and leadership skills....
Lead Equipment Finance Credit Underwriter
- Minneapolis, MN (7 miles from Richfield, MN)
- 3 days ago
- Minneapolis, MN (7 miles from Richfield, MN)
- 3 days ago
provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending...
Commercial Real Estate Underwriter (Housing Capital)
- Minneapolis, MN (7 miles from Richfield, MN)
- 3 days ago
- Minneapolis, MN (7 miles from Richfield, MN)
- 3 days ago
experience in a finance/analytical related role Preferred Skills/Experience Background in economics, accounting, and/or finance and ability to apply knowledge in those areas to understanding the overall lending...
- Eagan, MN (6 miles from Richfield, MN)
- 10 days ago
- Eagan, MN (6 miles from Richfield, MN)
- 10 days ago
About Blue Cross and Blue Shield of Minnesota At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. We are looking for...
Commercial Underwriter Credit Center C&I
- Saint Louis Park, MN (5 miles from Richfield, MN)
- 20 days ago
- Saint Louis Park, MN (5 miles from Richfield, MN)
- 20 days ago
origination and review process....
Demographic Data for Richfield, MN
Moving to Richfield, MN? Find some basic demographic data about Richfield, MN below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Richfield, MN
Required or preferred licenses and certifications for Loan Underwriter positions.
Highest Education Level
Loan Underwriters in Richfield, MN offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Driving
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- 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
- File Management
- Real Estate
- Risk Management
- Closing
- Finance
- Decision Making
- Analytical Skills
- Negotiation
- Accounting
- Written Communication
- Documentation
- Coaching
- Verbal Communication
- 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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