Loan Underwriter Jobs in Berwyn Heights, MD

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.

1-9 of 9 Jobs

Supervisor Mortgage Loan Underwriter

  • Annapolis, MD (20 miles from Berwyn Heights, MD)
  • 3 days ago
  • Annapolis, MD (20 miles from Berwyn Heights, MD)
  • 3 days ago

SUPERVISOR MORTGAGE LOAN UNDERWRITER* WHAT IS THE OPPORTUNITY?...

Commercial Credit Senior Underwriter/Portfolio Manager I, Not For Profit

  • Falls Church, VA (15 miles from Berwyn Heights, MD)
  • 5 days ago
  • Falls Church, VA (15 miles from Berwyn Heights, MD)
  • 5 days ago

Scope of Responsibilities: The Commercial Credit Underwriting/Portfolio Management Department is responsible to provide an independent credit quality assessment of the Bank's commercial clients....

Commercial Credit Underwriter I-II

  • McLean, VA (13 miles from Berwyn Heights, MD)
  • 5 days ago
  • McLean, VA (13 miles from Berwyn Heights, MD)
  • 5 days ago

Job Description: The UW is responsible for underwriting and structuring of credit transactions....

Senior Underwriter

  • Linthicum, MD (19 miles from Berwyn Heights, MD)
  • 9 days ago
  • Linthicum, MD (19 miles from Berwyn Heights, MD)
  • 9 days ago

, FNMA, FHLMC, FHA, and VA, for underwriting loans and ensuring compliance with department guidelines, state and federal laws, and lending regulation....

Remote Work

Mortgage Underwriter

  • Bethesda, MD (9 miles from Berwyn Heights, MD)
  • 11 days ago
  • Bethesda, MD (9 miles from Berwyn Heights, MD)
  • 11 days ago

Position/Title: Underwriting Associate Location: Bethesda, Maryland (3 days on site) Status: FTE Position Overview We are seeking an Underwriting Associate with a demonstrated track record of reviewing...

Mortgage Loan Underwriter Senior

  • Washington, DC (9 miles from Berwyn Heights, MD)
  • 45+ days ago
  • Washington, DC (9 miles from Berwyn Heights, MD)
  • 45+ days ago

MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...

Sr. FHA Underwriter

  • McLean, VA (13 miles from Berwyn Heights, MD)
  • 29 days ago
  • McLean, VA (13 miles from Berwyn Heights, MD)
  • 29 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...

Commercial Credit Senior Underwriter-I

  • Columbia, MD (14 miles from Berwyn Heights, MD)
  • 45+ days ago
  • Columbia, MD (14 miles from Berwyn Heights, MD)
  • 45+ days ago

SCOPE The Commercial Credit Underwriting Department is responsible to provide an independent credit quality assessment of the Bank's commercial clients....

Consumer Loan Underwriter

  • Laurel, MD (6 miles from Berwyn Heights, MD)
  • 60+ days ago
  • Laurel, MD (6 miles from Berwyn Heights, MD)
  • 60+ days ago

Hiring Range - $27.41/hr - $34.26/hr SUMMARY OF POSITION: The Consumer Loan Underwriter will be responsible for performing a thorough initial and/or second underwriting review to ensure compliance Tower...

Demographic Data for Berwyn Heights, MD

Moving to Berwyn Heights, MD? Find some basic demographic data about Berwyn Heights, MD below.


Local
National
6,176,902
140,318

Loan Underwriter Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Qard Basics: Benevolent Loans in Islamic Finance
When someone provides a qard, the borrower is obligated to repay only the principal amount borrowed. As a benevolent loan, qard stands as a testament to the prohibition of usury (riba) in Islam,...
Financial Math for Actuaries: From Loans to Bonds to Immunization
Start your actuarial career! Study the time value of money by learning about loans, bond valuation, duration, convexity, spot rates, forward rates and the term structure of interest rates. This...
Get hired as a mortgage underwriter
Are you ready to kickstart a rewarding career in the mortgage industry? This course is your ultimate guide to becoming a mortgage underwriter-one of the most critical roles in the home lending...

Salary for Loan Underwriter Jobs in Berwyn Heights, MD

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Underwriters in Berwyn Heights, MD offer the following education background
Bachelor's Degree
44.6%
Master's Degree
16.6%
High School or GED
14.6%
Associate's Degree
11.2%
Vocational Degree or Certification
8.9%
Some College
2.5%
Doctorate Degree
1.2%
Some High School
0.4%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Underwriters in Berwyn Heights, MD
4-6 years
40.5%
2-4 years
30.9%
Less than 1 year
14.0%
10+ years
6.3%
1-2 years
6.1%
6-8 years
2.2%



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