Loan Underwriter Jobs in Sammamish, 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.
Commercial Credit Underwriter I-II
- Seattle, WA (13 miles from Sammamish, WA)
- 14 hours ago
- Seattle, WA (13 miles from Sammamish, WA)
- 14 hours 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...
Account Executive Officer/Senior Underwriter Commercial Accounts
- Federal Way, WA (24 miles from Sammamish, WA)
- 6 days ago
- Federal Way, WA (24 miles from Sammamish, WA)
- 6 days ago
Who Are We?** Taking care of our customers, our communities and each other. Thats the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property...
Account Executive Officer/Senior Underwriter - Ocean
- Bellevue, WA (7 miles from Sammamish, WA)
- 6 days ago
- Bellevue, WA (7 miles from Sammamish, WA)
- 6 days ago
Who Are We?** Taking care of our customers, our communities and each other. Thats the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property...
Account Executive Officer/Senior Underwriter Construction Loss Sensitive
- Bellevue, WA (7 miles from Sammamish, WA)
- 6 days ago
- Bellevue, WA (7 miles from Sammamish, WA)
- 6 days ago
Who Are We?** Taking care of our customers, our communities and each other. Thats the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property...
Assistant Manager, Loan Processing
- Seattle, WA (13 miles from Sammamish, WA)
- 23 days ago
- Seattle, WA (13 miles from Sammamish, WA)
- 23 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 Sammamish, WA
Moving to Sammamish, WA? Find some basic demographic data about Sammamish, WA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Sammamish, WA
Highest Education Level
Loan Underwriters in Sammamish, WA 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
- Credit Underwriting
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Financial Services
- USDA
- Cash Flow Analysis
- Internal Control
- Valuation
- Underwriting
- Financial Statements
- Fraud Investigation
- Portfolio Management
- Risk Analysis
- Appraisal
- Financial Analysis
- Resolution
- Real Estate
- Finance
- Analytical Skills
- Accounting
- Quality Control
- Auditing
- 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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