Loan Underwriter Jobs in Cleveland, OH
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.
- Beachwood, OH (9 miles from Cleveland, OH)
- 1 day ago
- Beachwood, OH (9 miles from Cleveland, OH)
- 1 day ago
Commercial Underwriter, Sr Job Locations US-OH-Beachwood | US-IN-Indianapolis | US-IL-Chicago | US-MN-Maple Grove | US-MN-Lake Elmo | US-MN-St Louis Park Category/Function Lending/Commercial/Consumer...
Account Executive Officer/Sr. Underwriter, National Accounts
- Independence, OH (7 miles from Cleveland, OH)
- 8 days ago
- Independence, OH (7 miles from Cleveland, OH)
- 8 days ago
Who Are We?** Taking care of our customers, our communities and each other. Thats the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property...
Mortgage Underwriter - Brooklyn, OH or Buffalo, NY
- Cleveland, OH
- 19 days ago
- Cleveland, OH
- 19 days ago
The position may be involved in one or several types of mortgage lending (agency conventional, portfolio conventional)....
Commercial Credit Underwriters are required to decision loans within an assigned lending authority, and make educated, well-thought recommendations when decisioning requires a higher-level approval...
Credit Associates are required to decision loans within an assigned lending authority, and make educated, well-thought recommendations when decisioning requires a higher level approval authority....
- Beachwood, OH (9 miles from Cleveland, OH)
- 29 days ago
- Beachwood, OH (9 miles from Cleveland, OH)
- 29 days ago
Proficient with the Microsoft suite of products and commercial loan origination system software platforms. nCino experience a plus....
Senior Credit Underwriter - Distribution Finance
- Cleveland, OH
- 30+ days ago
- Cleveland, OH
- 30+ days ago
Experience with deal sizes ranging from $2MM to $10MM preferred Experience in lending to a wide variety of industries, loan types, and sizes of companies preferred Strong written and verbal communication...
Remote WorkLocation: 127 Public Square - Cleveland, Ohio 44114 About the Job Perform due diligence and management activities for proposed healthcare, market rate multifamily and affordable multifamily...
Demographic Data for Cleveland, OH
Moving to Cleveland, OH? Find some basic demographic data about Cleveland, OH below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Cleveland, OH
Highest Education Level
Loan Underwriters in Cleveland, OH 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
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Credit Underwriting
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Conventional Loans
- Commercial Lending
- FHLMC
- Automated Clearing House
- Loan Processing
- Freddie Mac
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- Treasury Management
- Cash Flow Analysis
- Balance Sheets
- Underwriting
- Financial Statements
- Portfolio Management
- Appraisal
- 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
- Problem Solving
- Microsoft Excel
- Sales
- Time Management
- Organization
- Customer Service
- Leadership
- Communication Skills
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