Loan Underwriter Jobs in Nashua, NH
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.
- Bedford, NH (14 miles from Nashua, NH)
- 1 day ago
- Bedford, NH (14 miles from Nashua, NH)
- 1 day ago
Underwrites loans to render a lending decision, with the ability to decision conventional (purchases/refinances) and portfolio/land loans up to $250,000....
Remote WorkSenior Commercial Credit Underwriter
- Manchester, NH (17 miles from Nashua, NH)
- 16 days ago
- Manchester, NH (17 miles from Nashua, NH)
- 16 days ago
Overview At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division,...
Consumer Loan Underwriter (Indirect) - onsite/hybrid in Leominster, MA
- Leominster, MA (21 miles from Nashua, NH)
- 29 days ago
- Leominster, MA (21 miles from Nashua, NH)
- 29 days ago
Three to five years experience in loan originating and underwriting (Indirect Lending experience is preferred)....
Remote WorkDemographic Data for Nashua, NH
Moving to Nashua, NH? Find some basic demographic data about Nashua, NH below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Nashua, NH
Required or preferred licenses and certifications for Loan Underwriter positions.
Highest Education Level
Loan Underwriters in Nashua, NH 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
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