Loan Underwriter Jobs in Westlake, TX
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.
Indirect Junior Underwriter Fort Worth
- Fort Worth, TX (20 miles from Westlake, TX)
- 2 days ago
- Fort Worth, TX (20 miles from Westlake, TX)
- 2 days ago
Loans submitted through indirect must comply with EECU's lending criteria and SOP's, as well as State requirements....
Sr Manager Loan Transfers (On-site)
- Coppell, TX (13 miles from Westlake, TX)
- 17 days ago
- Coppell, TX (13 miles from Westlake, TX)
- 17 days ago
Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications. We deliver on this mission by empowering...
Lead Product Manager - Loan Originations
- Irving, TX (20 miles from Westlake, TX)
- 27 days ago
- Irving, TX (20 miles from Westlake, TX)
- 27 days ago
OneMain is the largest non-bank lender in the United States,proudly serving millions of customers with safe, affordable, and transparent installment loans....
NAM Corporate Credit Underwriter/ Manager (In-Business Risk), Energy (SVP/C14) Irving , TX
- Irving, TX (20 miles from Westlake, TX)
- 30+ days ago
- Irving, TX (20 miles from Westlake, TX)
- 30+ days ago
Specific experience within Energy is preferred, including Reserve Based Lending structures, Commodity derivatives and Leveraged Financings....
Loan Review Analyst - Irving, TX
- Irving, TX (20 miles from Westlake, TX)
- 90+ days ago
- Irving, TX (20 miles from Westlake, TX)
- 90+ days ago
processing, analysis, or post-closing Previous correspondent lending experience is a plus Previous experience with Encompass, Black Knight, or other systems strongly preferred Must be self-motivated...
Demographic Data for Westlake, TX
Moving to Westlake, TX? Find some basic demographic data about Westlake, TX below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Westlake, TX
Highest Education Level
Loan Underwriters in Westlake, TX offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Driving
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- Tila Respa Integrated Disclosures
- Conventional Loans
- Commercial Lending
- BSA
- Federal National Morgage Association
- FHLMC
- Loan Processing
- Freddie Mac
- Private Banking
- Fannie Mae
- Cross Selling
- Encompass
- OFAC
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- USDA
- Valuation
- Underwriting
- Financial Statements
- Financial Modeling
- Portfolio Management
- Appraisal
- Due Diligence
- Financial Analysis
- File Management
- Real Estate
- Closing
- Finance
- Decision Making
- Analytical Skills
- Accounting
- Negotiation
- Written Communication
- Documentation
- Coaching
- Verbal Communication
- Mentoring
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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