Loan Underwriter Jobs in Moyock, NC
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.
- Chesapeake, VA (20 miles from Moyock, NC)
- 6 days ago
- Chesapeake, VA (20 miles from Moyock, NC)
- 6 days ago
Position: Consumer Lending Specialist Company: Mariner Finance Location: On-site/in office Hours: full time - 40 hours per week Description Qualifications: 1+ years of experience in a sales position...
Demographic Data for Moyock, NC
Moving to Moyock, NC? Find some basic demographic data about Moyock, NC below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Moyock, NC
Highest Education Level
Loan Underwriters in Moyock, NC offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Driving
- Property and Casualty Insurance
- Reimbursement
- CPCU
- Retail Banking
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- 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
- OFAC
- Mortgage Processing
- Financial Services
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- USDA
- Underwriting
- Financial Statements
- Appraisal
- Financial Modeling
- Portfolio Management
- Due Diligence
- File Management
- Financial Analysis
- Real Estate
- Closing
- Finance
- Decision Making
- Quality Control
- Accounting
- Negotiation
- Written Communication
- Documentation
- Verbal Communication
- Mentoring
- Coaching
- Reporting
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Problem Solving
- Regulations
- Microsoft Excel
- Microsoft Office
- Sales
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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