Loan Underwriter Jobs in Washington
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.
Consumer Loan Underwriter Job Details Level Experienced Job Location Pacific Plaza - Tacoma, WA Position Type Full Time Education Level High School Diploma or equivalent....
Remote WorkAccurately answer questions from and educate loan officers, loan processors, and other appropriate personnel about underwriting rules and how they apply to individual loan applications....
Remote WorkWe're currently seeking a thoughtful, team-oriented Consumer Lending Specialist I to join our Downtown Shelton Branch....
Senior Underwriter/Underwriter - Commercial Real Estate Banking
- Seattle, WA
- 27 days ago
- Seattle, WA
- 27 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...
Mortgage Underwriter (Remote - WA, ID, OR, CA)
- Walla Walla, WA
- 30+ days ago
- Walla Walla, WA
- 30+ days ago
Diploma: required (an equivalent combination of education and experience may be considered) Experience 4 or more years of experience in mortgage underwriting required Knowledge, Skills and Abilities...
Remote WorkOne year experience in correspondent lending preferred. Experience with loan origination software, electronic file storage systems, and AUS required....
(Required) 7-10 years of commercial underwriting/credit analysis experience or relevant lending experience. (Required) 7+ years of relevant Tribal banking experience....
Account Executive Officer/Senior Underwriter Commercial Accounts
- Federal Way, WA
- 45+ days ago
- Federal Way, WA
- 45+ 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 Servicing Support - Admin
- Mountlake Terrace, WA
- 60+ days ago
- Mountlake Terrace, WA
- 60+ 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...
Demographic Data for Washington
Moving to Washington? Find some basic demographic data about Washington below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Washington
Required or preferred licenses and certifications for Loan Underwriter positions.
Highest Education Level
Loan Underwriters in Washington offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Driving
- Presentation
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- VA Loans
- Conventional Loans
- BSA
- Loan Processing
- Federal National Morgage Association
- Automated Clearing House
- Commercial Lending
- Encompass
- Freddie Mac
- Fannie Mae
- FHLMC
- Cross Selling
- OFAC
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Cash Flow Analysis
- USDA
- Underwriting
- Anti-Money Laundering
- Financial Statements
- Portfolio Management
- Appraisal
- Due Diligence
- Financial Analysis
- Real Estate
- Risk Management
- Finance
- Closing
- Decision Making
- Analytical Skills
- Negotiation
- Written Communication
- Documentation
- Accounting
- Coaching
- Mentoring
- Collaboration
- Policy Development
- Bachelor's Degree
- Filing
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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