Loan Underwriter Jobs in North Las Vegas, NV
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.
Commercial Real Estate Underwriter
- Las Vegas, NV (2 miles from North Las Vegas, NV)
- 9 days ago
- Las Vegas, NV (2 miles from North Las Vegas, NV)
- 9 days ago
Extensive knowledge of commercial RE credit underwriting, spread analysis, budget analysis, lending, underwriting concepts, practices and procedures....
Demographic Data for North Las Vegas, NV
Moving to North Las Vegas, NV? Find some basic demographic data about North Las Vegas, NV below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in North Las Vegas, NV
Highest Education Level
Loan Underwriters in North Las Vegas, NV 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
- Credit Underwriting
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Cross Selling
- Encompass
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Financial Services
- USDA
- Cash Flow Analysis
- Valuation
- Internal Control
- Underwriting
- Financial Statements
- Fraud Investigation
- Portfolio Management
- Risk Analysis
- Appraisal
- Financial Analysis
- Resolution
- Real Estate
- Finance
- Analytical Skills
- Accounting
- Quality Control
- Auditing
- Negotiation
- Mentoring
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Leadership
- Communication Skills
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