Loan Underwriter Jobs in Edmonds, WA
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.
Assistant Manager Loan Servicing Support - Admin
- Mountlake Terrace, WA (3 miles from Edmonds, WA)
- 10 days ago
- Mountlake Terrace, WA (3 miles from Edmonds, WA)
- 10 days ago
Job Details Level: Management Job Location: MLT Headquarters - Mountlake Terrace, WA Position Type: Full Time Education Level: High School Salary Range: $25.00 - $36.00 Hourly Job Shift: Day Job...
Commercial Credit Underwriter I-II
- Seattle, WA (13 miles from Edmonds, WA)
- 10 days ago
- Seattle, WA (13 miles from Edmonds, WA)
- 10 days ago
Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and...
Assistant Manager, Loan Processing
- Seattle, WA (13 miles from Edmonds, WA)
- 30+ days ago
- Seattle, WA (13 miles from Edmonds, WA)
- 30+ days ago
processing as a team lead in mortgage lending or mortgage banking, or at a credit union will also be acceptedA clear and proven understanding of the residential mortgage loan process from application...
Demographic Data for Edmonds, WA
Moving to Edmonds, WA? Find some basic demographic data about Edmonds, WA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Edmonds, WA
Highest Education Level
Loan Underwriters in Edmonds, WA 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
- Consumer Lending
- 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
- VA Loans
- 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
- Resolution
- Real Estate
- Risk Management
- Strategy Development
- Finance
- Closing
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Mentoring
- Documentation
- Reporting
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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