Loan Underwriter Jobs in Suffern, NY
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.
- White Plains, NY (19 miles from Suffern, NY)
- 3 days ago
- White Plains, NY (19 miles from Suffern, NY)
- 3 days ago
Join to apply for the Senior Underwriter - Property role at Chubb 3 weeks ago Be among the first 25 applicants Join to apply for the Senior Underwriter - Property role at Chubb Job Description The...
Sr Credit Underwriter-Consumer
- Fairfield, NJ (20 miles from Suffern, NY)
- 10 days ago
- Fairfield, NJ (20 miles from Suffern, NY)
- 10 days ago
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...
Commercial Credit Underwriter III- Small Business Healthcare
- Ramsey, NJ (5 miles from Suffern, NY)
- 30+ days ago
- Ramsey, NJ (5 miles from Suffern, NY)
- 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...
Demographic Data for Suffern, NY
Moving to Suffern, NY? Find some basic demographic data about Suffern, NY below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Suffern, NY
Highest Education Level
Loan Underwriters in Suffern, NY offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Military Background
- Marketing & Sales
- Property and Casualty Insurance
- Reimbursement
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Credit Underwriting
- Jumbo Loans
- Commercial Banking
- Loan Review
- Conventional Loans
- Commercial Lending
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- USDA
- Cash Flow Analysis
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Risk Analysis
- Financial Analysis
- Real Estate
- Risk Management
- Closing
- Strategy Development
- Finance
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Collaboration
- Documentation
- Reporting
- Coaching
- Bachelor's Degree
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Time Management
- Organization
- Customer Service
- Leadership
- Communication Skills
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