Loan Underwriter Jobs in Illinois
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.
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...
City National Bank Manager Mortgage Loan Underwriter in Springfield , Illinois MANAGER MORTGAGE LOAN UNDERWRITER WHAT IS THE OPPORTUNITY?...
Minimum four years of commercial credit underwriting or equivalent commercial lending experience preferred. Understanding of dealership and wholesale administration a plus....
Senior Credit Underwriter - Distribution Finance
- Schaumburg, IL
- 9 days ago
- Schaumburg, IL
- 9 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 WorkPurpose: 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...
Senior Financial Underwriter - Employer Direct
- Schaumburg, IL
- 15 days ago
- Schaumburg, IL
- 15 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...
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
- 30+ days ago
- Schaumburg, 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 WorkThe 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....
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...
City National Bank Mortgage Loan Underwriter Senior in Springfield , Illinois MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...
Job Title: Commercial Loan Underwriter Location: United States-IL-Chicago Overview: The Commercial Loan Underwriter will analyze both investor-owned and owner-occupied commercial properties across asset...
Remote WorkJob Description: Insurance Underwriter Habitational Real Estate Investors Property Managers Risks Underwriting Hotels Motels Apartment Buildings Boarding Houses Mobile Home Parks Student Housing General...
Remote WorkMortgage Loan Underwriter II Company: City National Bank Location: Springfield, IL Date Posted: 12/3/24, 6:17 AM MORTGAGE LOAN UNDERWRITER II WHAT IS THE OPPORTUNITY?...
Adds value to ultimate client relationship by providing timely response and quality underwriting in coordination with client needs....
Demographic Data for Illinois
Moving to Illinois? Find some basic demographic data about Illinois below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Illinois
Highest Education Level
Loan Underwriters in Illinois 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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