Loan Underwriter Jobs in Lynn, MA

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.

1-5 of 5 Jobs

Manager Mortgage Loan Underwriter

Boston, MA (9 miles from Lynn, MA)
5 days ago

Boston, MA (9 miles from Lynn, MA)
5 days ago

City National Bank Manager Mortgage Loan Underwriter in Boston , Massachusetts MANAGER MORTGAGE LOAN UNDERWRITER WHAT IS THE OPPORTUNITY?...

Commercial Credit Underwriter I - Healthcare Practice Solutions

Burlington, MA (13 miles from Lynn, MA)
17 days ago

Burlington, MA (13 miles from Lynn, MA)
17 days ago

while following sound lending practices, policies and procedures....

Mortgage Loan Underwriter Senior

Boston, MA (9 miles from Lynn, MA)
45+ days ago

Boston, MA (9 miles from Lynn, MA)
45+ days ago

City National Bank Mortgage Loan Underwriter Senior in Boston , Massachusetts MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...

Mortgage Loan Underwriter II

Boston, MA (9 miles from Lynn, MA)
90+ days ago

Boston, MA (9 miles from Lynn, MA)
90+ days ago

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

Senior Underwriter - Fidelity and Crime

Boston, MA (9 miles from Lynn, MA)
90+ days ago

Boston, MA (9 miles from Lynn, MA)
90+ days ago

Generally, 5+ years of direct underwriting experience, preferably in the Boston marketplace. Proven track record of producing and managing a book of profitable underwriting business....

Remote Work

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Demographic Data for Lynn, MA

Moving to Lynn, MA? Find some basic demographic data about Lynn, MA below.

Median Age

Average Household Income

Home Value vs Household Income in Lynn, MA

Local

National

Total Population

101,224

Number of Businesses

1,616

City Size

Medium/Lg

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...

Loan Covenants

Using Excel to model financial covenants for a loan Loan Covenants Course Overview In this Loan Covenants course, we will demonstrate how loan covenants are used in the lending process. We will...

Salary for Loan Underwriter Jobs in Lynn, MA

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

Highest Education Level

Loan Underwriters in Lynn, MA 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 Lynn, MA

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%

Qualifications / Skill Sets

The following top skills are often required or desired to land a Loan Underwriter position

In-Demand skills () are the most popular among employers according to the current jobs in our database. Last updated today!

Other Career Titles

Here are some other career titles that require similar skills

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