Loan Underwriter Jobs in Ohio
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.
SUPERVISOR MORTGAGE LOAN UNDERWRITER* WHAT IS THE OPPORTUNITY?...
Assist RM/IDs with deal pre-clearance within the Community Development Lending and Investment Group....
Senior Credit Underwriter - Distribution Finance
- Cleveland, OH
- 11 days ago
- Cleveland, OH
- 11 days ago
Basic Qualifications: Bachelor's degree in Finance, Accounting, Business or related field 3+ years wholesale/commercial credit underwriting experience and prior credit approval authority....
Remote WorkMortgage Underwriter Location: Mayfield Heights, OH Howard Hanna Mortgage Services/1st Priority Mortgage has an opening for an experienced Mortgage Loan Underwriter....
Conduct underwriting review of commercial loan presentations. Actively participate in presentation and discussion of commercial loan presentations to the Loan Committee and Board of Directors....
Skills and Abilities: Ability to research and evaluate given information relative to underwriting guidelines and lender requirements. Good customer service orientation....
commercial credit underwriting/approval methodologies....
Demographic Data for Ohio
Moving to Ohio? Find some basic demographic data about Ohio below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Ohio
Highest Education Level
Loan Underwriters in Ohio offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Reimbursement
- Federal National Morgage Association
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Loan Documentation
- FHLMC
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- BSA
- Loan Review
- Conventional Loans
- Know Your Customer
- Commercial Banking
- Commercial Lending
- Freddie Mac
- Tila Respa Integrated Disclosures
- Loan Processing
- Credit Underwriting
- Mortgage Processing
- Treasury Management
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- USDA
- Loan Servicing
- Financial Services
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Taxes
- Financial Modeling
- Financial Analysis
- Resolution
- Real Estate
- Finance
- Closing
- Accounting
- Decision Making
- Written Communication
- Verbal Communication
- Auditing
- Documentation
- Bachelor's Degree
- Reporting
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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