Loan Underwriter Jobs in New Jersey
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.
and involved with post approval review with the post approval team to ensure conditions of lending are met or appropriately mitigated prior to loan closing Meets turnaround requirements of a high-volume...
Commercial Credit Underwriter III - Small Business
- Cherry Hill, NJ
- 2 days ago
- Cherry Hill, NJ
- 2 days ago
& Commercial Banking Job Description: The Commercial Credit Underwriter III analyzes, underwrites and may act as the final decision authority on commercial loan applications while following sound lending...
Commercial Credit Underwriter I - Small Business
- Cherry Hill, NJ
- 4 days ago
- Cherry Hill, NJ
- 4 days ago
and involved with post approval review with the post approval team to ensure conditions of lending are met or appropriately mitigated prior to loan closing Meets turnaround requirements of a high-volume...
Responsibilities include, but are not limited to: Underwrite Indirect, Direct Consumer Loans - Small Business products. Underwrite and analyze more complex loans that require financial analysis...
Become a part of our caring community and help us put health first** The Life & Disability Financial Underwriter computes rates for both renewing and prospective group life and disability...
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...
MORTGAGE LOAN UNDERWRITER II* WHAT IS THE OPPORTUNITY?...
Large Account Underwriter/Sr Large Account Underwriter (Hybrid)
- Branchville, NJ
- 16 days ago
- Branchville, NJ
- 16 days ago
Large Account Underwriter/Sr Large Account Underwriter (Hybrid) Selective Insurance USD $79,000.00 - USD $127,000.00 /Yr. paid time off, tuition assistance United States, Jersey, Branchville 40...
Temporary Underwriter - Residential and Consumer Lending
- Toms River, NJ
- 17 days ago
- Toms River, NJ
- 17 days ago
YOUR QUALIFICATIONS Associate's degree with an emphasis on Finance, Accounting, plus specialized courses in mortgage underwriting and appraisal review....
Represents the Underwriting department when appropriate at external meetings with lending partners....
As a leading financial services and healthcare technology company based on revenue, SS&C is headquartered in Windsor, Connecticut, and has 27,000+ employees in 35 countries. Some 20,000 financial...
Commercial Credit Underwriter III- Small Business Healthcare
- Ramsey, NJ
- 30+ days ago
- Ramsey, NJ
- 30+ days ago
& Commercial Banking Job Description: The Commercial Credit Underwriter III analyzes, underwrites and may act as the final decision authority on commercial loan applications while following sound lending...
Business Banking Commercial Real Estate Underwriter Portfolio Manager IV
- Iselin, NJ
- 60+ days ago
- Iselin, NJ
- 60+ days ago
Required Skills/Experience: 10+ years of experience and exhibited competency in various aspects of commercial real estate lending and/or portfolio management including financial analysis and credit...
Demographic Data for New Jersey
Moving to New Jersey? Find some basic demographic data about New Jersey below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in New Jersey
Highest Education Level
Loan Underwriters in New Jersey offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Presentation
- Military Background
- Reimbursement
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Conventional Loans
- Commercial Lending
- Credit Underwriting
- FHLMC
- Fannie Mae
- Loan Processing
- Freddie Mac
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- USDA
- Cash Flow Analysis
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Taxes
- Portfolio Management
- Financial Modeling
- Appraisal
- Risk Analysis
- Financial Analysis
- Real Estate
- Strategy Development
- Finance
- Closing
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Documentation
- Filing
- Reporting
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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