Loan Underwriter Remote & Hybrid Only Jobs in New York
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.
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing,...
Business Banking Senior Underwriter I (Hybrid - See Job Description for Possible Locations)
- Buffalo, NY
- 14 days ago
- Buffalo, NY
- 14 days ago
Analyze each loan applicants financial condition, cash flow and credit history in order to make an appropriate lending decision within the individual lending authority....
AVP - VP, Senior Underwriter Portfolio Manager-ABL (hybrid) NY, NJ
- New York, NY
- 22 days ago
- New York, NY
- 22 days ago
The AVP - VP, Underwriting Portfolio Manager - Asset Based Lending is responsible for the underwriting as well as portfolio management of Asset Based Lending (ABL) financing transactions....
Senior Underwriter - Seneca Specialty Package NY E & S
- New York, NY
- 30+ days ago
- New York, NY
- 30+ days ago
Crum & Forster Company Overview Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus...
Understanding of credit processes, such as loan origination and underwriting; portfolio management and CECL....
Experience in asset-based lending (ABL) is a plus. Experience with healthcare industry write-ups is a plus....
Credit Portfolio Underwriter Sr - BIN Sponsorship
- New York, NY
- 60+ days ago
- New York, NY
- 60+ days ago
Description Credit Portfolio Risk Analyst Summary: The Credit Portfolio Risk Analyst, Senior (BIN Sponsorship) services, deepens, and retains assigned profitable customer relationships by...
Remote WorkLeads special projects as needed to facilitate CMS lending activities and service capabilities and may act in a leadership role to less experienced underwriters in the work group....
Demographic Data for New York
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Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in New York
Required or preferred licenses and certifications for Loan Underwriter positions.
Highest Education Level
Loan Underwriters in New York offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Presentation
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- VA Loans
- Conventional Loans
- BSA
- Loan Processing
- Federal National Morgage Association
- Automated Clearing House
- Commercial Lending
- 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
- Appraisal
- Due Diligence
- Financial Analysis
- Real Estate
- Risk Management
- Finance
- Closing
- Decision Making
- Analytical Skills
- High School Diploma
- Negotiation
- Written Communication
- Documentation
- Accounting
- Coaching
- Mentoring
- Collaboration
- Policy Development
- Bachelor's Degree
- Filing
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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