Loan Underwriter Jobs in Highland 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.
- Chicago, IL (21 miles from Highland Park, IL)
- 30+ days ago
- Chicago, IL (21 miles from Highland Park, IL)
- 30+ days ago
Housing Administration (FHA) underwriting Preferred Qualifications 7+ years of commercial real estate experience 7+ years of experience underwriting FHA-insured loans with some experience managing...
- Chicago, IL (21 miles from Highland Park, IL)
- 15 hours ago
- Chicago, IL (21 miles from Highland Park, IL)
- 15 hours ago
Housing Administration (FHA) underwriting Preferred Qualifications 7+ years of commercial real estate experience 7+ years of experience underwriting FHA-insured loans with some experience managing...
Sr. Credit Underwriter - Distribution Finance
- Schaumburg, IL (17 miles from Highland Park, IL)
- 4 days ago
- Schaumburg, IL (17 miles from Highland Park, IL)
- 4 days ago
Basic Qualifications: Bachelor's degree in Finance, Accounting, Business or related field 3+ years wholesale/commercial credit underwriting experience including prior credit approval authority....
Remote WorkCommercial Underwriter, Senior
- Chicago, IL (21 miles from Highland Park, IL)
- 8 days ago
- Chicago, IL (21 miles from Highland Park, IL)
- 8 days ago
You will be responsible for underwriting, large, complex lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards, assign...
Senior Underwriter II - Asset Based Finance
- Chicago, IL (21 miles from Highland Park, IL)
- 12 days ago
- Chicago, IL (21 miles from Highland Park, IL)
- 12 days ago
Required Qualifications: 7+ years experience credit, underwriting, and structuring of corporate lending transactions....
- Chicago, IL (21 miles from Highland Park, IL)
- 19 days ago
- Chicago, IL (21 miles from Highland Park, IL)
- 19 days ago
You will be responsible for underwriting, large, complex lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards, assign...
- Chicago, IL (21 miles from Highland Park, IL)
- 20 days ago
- Chicago, IL (21 miles from Highland Park, IL)
- 20 days ago
As a leading financial services and healthcare technology company based on revenue, SS&C is headquartered in Windsor, Connecticut, and has 27,000+ employees in 35 countries. Some 20,000 financial...
Senior Credit Underwriter, Global Wealth & Investment Management Custom Lending
- Chicago, IL (21 miles from Highland Park, IL)
- 45+ days ago
- Chicago, IL (21 miles from Highland Park, IL)
- 45+ days ago
Purpose: The purpose of the SCU is to use key financial measures and a consistent, structured financial approach to underwrite custom lending requests and mange a loan portfolio in alignment with our...
Vice President, Private Credit Underwriter
- Chicago, IL (21 miles from Highland Park, IL)
- 27 days ago
- Chicago, IL (21 miles from Highland Park, IL)
- 27 days ago
The ideal candidate has a strong understanding of credit underwriting and can demonstrate an ability to balance detail with broader issues, in both written and oral communication....
Senior Credit Underwriter - Distribution Finance
- Schaumburg, IL (17 miles from Highland Park, IL)
- 45+ days ago
- Schaumburg, IL (17 miles from Highland Park, IL)
- 45+ 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 (17 miles from Highland Park, IL)
- 45+ days ago
- Schaumburg, IL (17 miles from Highland Park, IL)
- 45+ 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...
Senior Financial Underwriter - Employer Direct - Remote
- Schaumburg, IL (17 miles from Highland Park, IL)
- 60+ days ago
- Schaumburg, IL (17 miles from Highland Park, IL)
- 60+ 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 Work- Chicago, IL (21 miles from Highland Park, IL)
- 60+ days ago
- Chicago, IL (21 miles from Highland Park, IL)
- 60+ days ago
The ideal candidate has a strong understanding of credit underwriting and can demonstrate an ability to balance detail with broader issues, in both written and oral communication....
Demographic Data for Highland Park, IL
Moving to Highland Park, IL? Find some basic demographic data about Highland Park, IL below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Highland Park, IL
Highest Education Level
Loan Underwriters in Highland Park, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Reimbursement
- Federal National Morgage Association
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Fannie Mae
- Lending
- Loan Documentation
- FHLMC
- Federal Housing Administration
- Jumbo Loans
- Commercial Banking
- BSA
- Loan Review
- Freddie Mac
- Conventional Loans
- Commercial Lending
- Know Your Customer
- Tila Respa Integrated Disclosures
- Loan Processing
- Credit Underwriting
- Mortgage Processing
- Treasury Management
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- Loan Servicing
- Financial Services
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Taxes
- Financial Modeling
- Due Diligence
- Financial Analysis
- Resolution
- Real Estate
- Risk Management
- Finance
- Closing
- Accounting
- Decision Making
- Written Communication
- Verbal Communication
- Auditing
- Documentation
- Reporting
- Bachelor's Degree
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Research Skills
- Leadership
- Communication Skills
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