Loan Underwriter Jobs in North Wales, PA
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.
- Blue Bell, PA (3 miles from North Wales, PA)
- 8 hours ago
- Blue Bell, PA (3 miles from North Wales, PA)
- 8 hours ago
Job Description Apply Now Position Summary: Responsible for performing various duties to support the Underwriting Department; coordinating work within the department, as well as with other...
Commercial Credit Underwriter I - Small Business
- Cherry Hill, NJ (22 miles from North Wales, PA)
- 19 hours ago
- Cherry Hill, NJ (22 miles from North Wales, PA)
- 19 hours ago
and involved with post approval review with the post approval team to ensure conditions of lending are met or appropriately mitigated prior to loan closing Meets turnaround requirements of a high-volume...
- Malvern, PA (18 miles from North Wales, PA)
- 30+ days ago
- Malvern, PA (18 miles from North Wales, PA)
- 30+ days ago
Manage daily operations of syndicated and/or private debt portfolios, including direct lending, middle market credit and real estate debt transactions Ensure client deliverables are met timely and accurately...
- Chesterbrook, PA (12 miles from North Wales, PA)
- 45+ days ago
- Chesterbrook, PA (12 miles from North Wales, PA)
- 45+ days ago
Overview Job Summary: The Loan Underwriter is responsible for evaluating and assessing loan applications to determine the creditworthiness of applicants....
Business Banking Commercial Real Estate Underwriter Portfolio Manager IV
- Fort Washington, PA (4 miles from North Wales, PA)
- 60+ days ago
- Fort Washington, PA (4 miles from North Wales, PA)
- 60+ days ago
Required Skills/Experience: 10+ years of experience and exhibited competency in various aspects of commercial real estate lending and/or portfolio management including financial analysis and credit...
Demographic Data for North Wales, PA
Moving to North Wales, PA? Find some basic demographic data about North Wales, PA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in North Wales, PA
Highest Education Level
Loan Underwriters in North Wales, PA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Presentation
- Military Background
- Reimbursement
- Mortgage Lending
- Loan Origination
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Conventional Loans
- Commercial Lending
- Credit Underwriting
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- Cross Selling
- OFAC
- Encompass
- Know Your Customer
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- USDA
- Cash Flow Analysis
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Taxes
- Portfolio Management
- Financial Modeling
- Appraisal
- Risk Analysis
- Financial Analysis
- Real Estate
- Strategy Development
- Finance
- Closing
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Mentoring
- Documentation
- Filing
- Reporting
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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