Loan Underwriter Jobs in Hanover Park, IL
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.
Excess Casualty Lead Underwriter (Real Estate)
- Lisle, IL (13 miles from Hanover Park, IL)
- 2 days ago
- Lisle, IL (13 miles from Hanover Park, IL)
- 2 days ago
Location: 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...
- Geneva, IL (12 miles from Hanover Park, IL)
- 2 days ago
- Geneva, IL (12 miles from Hanover Park, IL)
- 2 days ago
The preferred candidate will also possess five (5) years' of residential mortgage underwriting experience....
Senior Credit Underwriter - Distribution Finance
- Schaumburg, IL (5 miles from Hanover Park, IL)
- 10 days ago
- Schaumburg, IL (5 miles from Hanover Park, IL)
- 10 days ago
Basic Qualifications: Bachelor's degree in Finance, Accounting, Business or related field 3+ years wholesale/commercial credit underwriting experience and prior credit approval authority....
Remote WorkSenior Financial Underwriter - Employer Direct
- Schaumburg, IL (5 miles from Hanover Park, IL)
- 16 days ago
- Schaumburg, IL (5 miles from Hanover Park, IL)
- 16 days ago
decisions effectively to key stakeholders Negotiate contract terms and conditions to achieve favorable underwriting outcomes Review and approve underwriting requests, ensuring compliance with company...
Underwriter- Commercial Lines, Oak Brook IL
- Oak Brook, IL (16 miles from Hanover Park, IL)
- 29 days ago
- Oak Brook, IL (16 miles from Hanover Park, IL)
- 29 days ago
Here, you'll have the opportunity to shape the future of underwriting and make a meaningful impact....
Senior Financial Underwriter - Employer Direct - Remote
- Schaumburg, IL (5 miles from Hanover Park, IL)
- 30+ days ago
- Schaumburg, IL (5 miles from Hanover Park, IL)
- 30+ days ago
decisions effectively to key stakeholders Negotiate contract terms and conditions to achieve favorable underwriting outcomes Review and approve underwriting requests, ensuring compliance with company...
Remote WorkInsurance Underwriter Real Estate Investor P&C
- Elgin, IL (5 miles from Hanover Park, IL)
- 45+ days ago
- Elgin, IL (5 miles from Hanover Park, IL)
- 45+ days ago
Job Description: Insurance Underwriter Habitational Real Estate Investors Property Managers Risks Underwriting Hotels Motels Apartment Buildings Boarding Houses Mobile Home Parks Student Housing General...
Remote WorkDemographic Data for Hanover Park, IL
Moving to Hanover Park, IL? Find some basic demographic data about Hanover Park, IL below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Hanover Park, IL
Highest Education Level
Loan Underwriters in Hanover Park, IL 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
- 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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