Loan Underwriter Jobs in Woburn, 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.
Manager Mortgage Loan Underwriter
- Boston, MA (10 miles from Woburn, MA)
- 2 days ago
- Boston, MA (10 miles from Woburn, MA)
- 2 days ago
City National Bank Manager Mortgage Loan Underwriter in Boston , Massachusetts MANAGER MORTGAGE LOAN UNDERWRITER WHAT IS THE OPPORTUNITY?...
Commercial Loan Underwriter - Aviation
- Georgetown, MA (18 miles from Woburn, MA)
- 30+ days ago
- Georgetown, MA (18 miles from Woburn, MA)
- 30+ days ago
Assists department with portfolio management service needs including supervision of input data/usage for credit underwriting system....
Mortgage Loan Underwriter Senior
- Boston, MA (10 miles from Woburn, MA)
- 45+ days ago
- Boston, MA (10 miles from Woburn, MA)
- 45+ days ago
City National Bank Mortgage Loan Underwriter Senior in Boston , Massachusetts MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...
- Boston, MA (10 miles from Woburn, MA)
- 90+ days ago
- Boston, MA (10 miles from Woburn, MA)
- 90+ days ago
MORTGAGE LOAN UNDERWRITER II WHAT IS THE OPPORTUNITY?...
Senior Underwriter - Fidelity and Crime
- Boston, MA (10 miles from Woburn, MA)
- 90+ days ago
- Boston, MA (10 miles from Woburn, 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 WorkAssociate Manager, Loan Operations
- Boston, MA (10 miles from Woburn, MA)
- 90+ days ago
- Boston, MA (10 miles from Woburn, MA)
- 90+ days ago
SS&C is a global provider of investment and financial services and software for the financial services and healthcare industries. Named to Fortune 1000 list as top U.S. company based on revenue,...
Demographic Data for Woburn, MA
Moving to Woburn, MA? Find some basic demographic data about Woburn, MA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Woburn, MA
Highest Education Level
Loan Underwriters in Woburn, MA 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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