Loan Underwriter Jobs in Lawrenceville, NJ
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.
- Ewing, NJ (4 miles from Lawrenceville, NJ)
- 15 days ago
- Ewing, NJ (4 miles from Lawrenceville, NJ)
- 15 days ago
underwriting- experience with FHA/VA/Conventional loans Strong attention to detail and administrative skills Excellent written and verbal communication skills Detail oriented Ability to work in a fast...
Large Accounts Underwriter/ Sr Large Accounts Underwriter (Hybrid)
- Hamilton, NJ (3 miles from Lawrenceville, NJ)
- 15 days ago
- Hamilton, NJ (3 miles from Lawrenceville, NJ)
- 15 days ago
About Us At Selective, we don't just insure uniquely, we employ uniqueness. Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent...
Underwriter/Senior Underwriter (Hybrid)
- Hamilton, NJ (3 miles from Lawrenceville, NJ)
- 45+ days ago
- Hamilton, NJ (3 miles from Lawrenceville, NJ)
- 45+ days ago
About Us At Selective, we don't just insure uniquely, we employ uniqueness. Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent...
Demographic Data for Lawrenceville, NJ
Moving to Lawrenceville, NJ? Find some basic demographic data about Lawrenceville, NJ below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Lawrenceville, NJ
Highest Education Level
Loan Underwriters in Lawrenceville, NJ offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Property and Casualty Insurance
- CPCU
- Retail Banking
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Nationwide Mortgage Licensing System & Registry
- Federal National Morgage Association
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- FHLMC
- Loan Review
- Conventional Loans
- Commercial Lending
- BSA
- Loan Processing
- Freddie Mac
- Private Banking
- Fannie Mae
- Cross Selling
- Mortgage Processing
- OFAC
- Financial Services
- Credit Analysis
- Cash Flow Analysis
- Mortgage Underwriting
- Capital Markets
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Risk Analysis
- Due Diligence
- Financial Analysis
- Real Estate
- Risk Management
- Closing
- Finance
- Decision Making
- Analytical Skills
- Negotiation
- Accounting
- Written Communication
- Documentation
- Verbal Communication
- Mentoring
- Coaching
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Problem Solving
- Regulations
- Microsoft Excel
- Microsoft Office
- Sales
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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