Loan Underwriter Jobs
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.
Join us today as the Commercial Loan Manager- Hybrid! First Business Bank is a Top Workplaces USA company, learn more here. At the heart of First Business Bank, we believe success comes down to...
Primary responsibilities include Analyze and appropriately decision Home Equity Line of Credit applications in accordance with the Consumer Lending credit policy and regulatory guidelines (including...
Performs all consumer loan functions including selling services, quoting rates, utilizing the lending software and closing loans....
risk documentation and underwriting procedures....
required, including Home Mortgage Disclosure Act Knowledge of state and federal agency mortgage loan guidelines and regulations helpful Why You Should Join As one of the top mortgage lenders in the...
Assists in providing quality loans for the financial institution for consumer loan products not related to mortgage lending....
MORTGAGE LOAN UNDERWRITER II WHAT IS THE OPPORTUNITY?...
Lending Specialist I/Direct Loan Specialist I manages the intake and processing of all consumer loan applications originated by the Credit Union....
Qualifications: 2+ years experience underwriting DSCR and Bank Statement loans. Strong knowledge of common investors in the Non-QM space....
Remote WorkLocation: Lisle, IL Type: Questpro - Contingent Job #21034 Expanding Program Leader in Commercial Real Estate is looking for Lead Excess Casualty Underwriter who can drive new business throughout...
Detects adverse trends in credit quality, underwriting standards and loan monitoring. Measures the appropriateness of and adherence to credit policies and procedures....
Loan Review Analyst I - Administration, Ridgeland, MS
- Ridgeland, MS
- 2 days ago
- Ridgeland, MS
- 2 days ago
Identify any credit underwriting and loan documentation deficiencies, maintain current and appropriate loan review files on each credit/relationship and maintain an accurate list of financial and documentation...
Nature & Scope: Positional Overview Are you an experienced Mortgage Loan Underwriter seeking a direct hire opportunity where your expertise truly matters?...
City National Bank Manager Mortgage Loan Underwriter in Frankfort , Kentucky MANAGER MORTGAGE LOAN UNDERWRITER WHAT IS THE OPPORTUNITY?...
A successful Loan Underwriter may quickly grow responsibility and compensation....
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs Nationwide
Highest Education Level
Loan Underwriters offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Federal National Morgage Association
- Mortgage Lending
- Jumbo Loans
- Consumer Lending
- Loan Documentation
- Lending
- Loan Origination
- FHLMC
- Fannie Mae
- Loan Review
- Commercial Banking
- BSA
- Commercial Lending
- Federal Housing Administration
- Loan Processing
- Tila Respa Integrated Disclosures
- OFAC
- Credit Underwriting
- Mortgage Processing
- Loan Servicing
- Credit Analysis
- Cash Flow Analysis
- Mortgage Underwriting
- Financial Services
- Balance Sheets
- Underwriting
- Financial Statements
- Appraisal
- Financial Modeling
- Due Diligence
- Financial Analysis
- Resolution
- Problem Resolution
- Real Estate
- Customer Satisfaction
- Closing
- Finance
- Process Improvement
- Accounting
- Decision Making
- Auditing
- Quality Control
- Written Communication
- Mentoring
- Documentation
- Bachelor's Degree
- Reporting
- Sales
- Regulations
- Policy Development
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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