Loan Underwriter Jobs in St Louis Park, 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 (4 miles from St Louis Park, MN)
- 2 days ago
- Minneapolis, MN (4 miles from St Louis Park, MN)
- 2 days ago
Expert knowledge of credit and lending policies. Demonstrated relationship management and leadership skills....
Lead Equipment Finance Credit Underwriter
- Minneapolis, MN (4 miles from St Louis Park, MN)
- 3 days ago
- Minneapolis, MN (4 miles from St Louis Park, 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 (4 miles from St Louis Park, MN)
- 3 days ago
- Minneapolis, MN (4 miles from St Louis Park, 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 (10 miles from St Louis Park, MN)
- 10 days ago
- Eagan, MN (10 miles from St Louis Park, 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
- 20 days ago
- Saint Louis Park, MN
- 20 days ago
origination and review process....
Demographic Data for St Louis Park, MN
Moving to St Louis Park, MN? Find some basic demographic data about St Louis Park, MN below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in St Louis Park, MN
Required or preferred licenses and certifications for Loan Underwriter positions.
Highest Education Level
Loan Underwriters in St Louis Park, 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
- Federal National Morgage Association
- Loan Processing
- 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
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 »