Loan Underwriter Jobs in Sioux Falls, SD
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.
Commercial Underwriter Senior (CRE Construction / USDA)
- Sioux Falls, SD
- 1 day ago
- Sioux Falls, SD
- 1 day ago
What You Will Do: * Underwrite the entire spectrum of lending products, regardless of size or complexity, in a timely and efficient manner. * Understand and apply credit policies and minimum underwriting...
Commercial Underwriter Senior (CRE Construction / USDA)NewRemote
- Sioux Falls, SD
- 5 days ago
- Sioux Falls, SD
- 5 days ago
What You Will Do: * Underwrite the entire spectrum of lending products, regardless of size or complexity, in a timely and efficient manner. * Understand and apply credit policies and minimum underwriting...
Secondary Functions Monitor the file quality of the mortgage underwriting staff, ensuring that all underwriting activities adhere to company policies, regulations, and industry standards....
Loan Underwriter Location Sioux Falls, SD Builder Finance Inc. (BFI) is the growing lender to homebuilders and housing investors....
Demographic Data for Sioux Falls, SD
Moving to Sioux Falls, SD? Find some basic demographic data about Sioux Falls, SD below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Sioux Falls, SD
Highest Education Level
Loan Underwriters in Sioux Falls, SD offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Military Background
- Reimbursement
- CPCU
- 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
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Credit Underwriting
- OFAC
- Encompass
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Financial Services
- USDA
- Cash Flow Analysis
- Underwriting
- Internal Control
- Financial Statements
- Fraud Investigation
- Taxes
- Portfolio Management
- Appraisal
- Financial Analysis
- Resolution
- Real Estate
- Relationship Management
- Finance
- Process Improvement
- Analytical Skills
- Accounting
- Quality Control
- Negotiation
- Auditing
- Collaboration
- Mentoring
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Time Management
- Staff Supervision
- Organization
- Communication Skills
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